Technology Disposition definition

Technology Disposition means the sale by the Company to a third party purchaser of its technology business segment and the engineered products offering that resides in its fabrication services business segment as of the Amendment No. 5 Closing Date.
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Examples of Technology Disposition in a sentence

  • The Company shall, on or before the Amendment No. 5 Closing Date, expand the scope of the existing engagement letter between FTI Consulting (“FTI”) and the Company pursuant to the terms of an addendum thereto, on terms reasonably acceptable to the Administrative Agent, to include a strategic review (the “Strategic Review”) of the business of the Company and its Subsidiaries in light of the potential Technology Disposition.

  • The Company shall, on or before the Amendment No. 8 Closing Date, expand the scope of the existing engagement letter between FTI Consulting (“FTI”) and the Company pursuant to the terms of an addendum thereto, on terms reasonably acceptable to the Administrative Agent, to include a strategic review (the “Strategic Review”) of the business of the Company and its Subsidiaries in light of the potential Technology Disposition.

  • At all times, the aggregate unused Commitments under this Agreement and unused commitments of the lenders under the Existing Revolving Credit Agreement (“Minimum Availability”) shall be no less than (i) $150,000,000 from the Amendment No 5 Closing Date through the earlier of (x) the date of the Technology Disposition and (y) February 28, 2018, and (ii) $250,000,000 thereafter.

  • The Borrower has informed the Administrative Agent and the Lenders that on June 28, 2002, the Borrower intends to sell certain assets of the Borrower and its Subsidiaries relating to the computer technology product line of the Borrower to MCPc, Inc., an Ohio corporation ("MCPc") on the terms and conditions set forth in the Asset Purchase Agreement (the "Asset Purchase Agreement") between the Borrower and MCPc, dated as of April 28, 2002 (the "Computer Technology Disposition").

  • The Borrower has requested that the Administrative Agent and the Lenders waive the applicability of the Asset Sale Conditions in connection with the Computer Technology Disposition.

  • In connection with the foregoing, each Lender, by signing below, hereby authorizes the Administrative Agent and the Collateral Agent to execute and deliver such UCC releases or other documents or instruments as the Administrative Agent or the Collateral Agent deem necessary or appropriate to give effect to the Computer Technology Disposition.

  • At all times, the aggregate unused Commitments under this Agreement and unused commitments of the lenders under the Existing Revolving Credit Agreement (“Minimum Availability”) shall be no less than (i) $150,000,000 from the Amendment No. 8 Closing Date through the earlier of (x) the date of the Technology Disposition and (y) February 28, 2018, and (ii) $250,000,000 thereafter.

  • At all times, the aggregate unused commitments of the lenders under the Existing 2013 Revolving Credit Agreement and the Existing 2015 Revolving Credit Agreement shall be no less than (i) $150,000,000 from the Amendment No. 5 Closing Date through the earlier of (x) the date of the Technology Disposition and (y) February 28, 2018, and (ii) $250,000,000 thereafter.

Related to Technology Disposition

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Permitted Disposition means any of the following: