Third Party Disposal means the disposal of an Obligor to a person which is not a member of the Restricted Group where that Disposal is permitted or not prohibited under clause 6 (Limitation on Asset Sales) of Schedule 15 (Incurrence Covenants Schedule) and the Intercreditor Agreement or made with the prior written consent of the Majority Lenders.
Third Party Disposal means the disposal of an Obligor to a person which is not a member of the Group (and the Borrowers have confirmed this is the case) where that disposal is permitted under Clause 28.8 (Disposals) or made with the approval of the Majority Lenders.
Third Party Disposal has the meaning given to it in Clause 27.3 (Resignation of a Guarantor).
Examples of Third Party Disposal in a sentence
Prior to a Third Party Disposal (as defined in the Intercreditor Agreement) the Issuer shall, or shall procure that the relevant Group Company will, provide perfected Security in favour of the Secured Parties in respect of (i) the relevant Proceeds Account and (ii) a Substitute Company, subject to and in accordance with the Intercreditor Agreement.
The some 20% fare increase proposed by the operator was based on inflation and other factors.
In addition, during the year under review, there was no Third Party Disposal.
Third Party Disposal The County may allow selected private parties to operate the Class IV Unit for the disposal of ACWM on a case-by-case basis.
More Definitions of Third Party Disposal
Third Party Disposal has the meaning given to such term in Clause 28 (Changes to the Obligors).
Third Party Disposal means the disposal of an Obligor to a person which is not a member of the Group.
Third Party Disposal has the meaning given to that term in paragraph (a) of Clause 27.3 (Resignation of a Borrower).
Third Party Disposal means the disposal of the Equity Interests in a Guarantor (other than Holdco, the Parent, the Company, WXAT BVI or any Material Company falling within any of paragraphs (f), (g), (h) and (i) of the definition of “Material Company”) to a person which is not a Transaction Obligor, a Holdco Group Member or a Group Member where that disposal (A) is permitted under Clause 23.14 (Disposals) or made with the approval of the Majority Lenders (and the Borrower has confirmed this is the case) and (B) does not constitute a Distressed Disposal (as defined in the Intercreditor Agreement).
Third Party Disposal has the meaning given in clause 17.9; Title Claim means a claim for a breach of any of the Title Warranties;
Third Party Disposal means the disposal of a member of the Group to a person which is not a member of the Group where that disposal is permitted under Clause 23.17 (Disposals) of the Super Senior RCF, Clause 14.6 (Disposal of Assets) of the Terms and Conditions and Clause 17.2 (Release and granting of security upon disposals) of the Intercreditor Agreement or made with the approval of the Majority Lenders (as defined in the Super Senior RCF) (and the Issuer has confirmed this is the case).
Third Party Disposal means the disposal of an Obligor (other than any Original Obligor or the Target) to a person which is not a member of the BST Group where that disposal is permitted under Clause 27.16 (Disposals) or made with the approval of the Majority Lenders (and the Parent has confirmed this is the case). With the prior consent of all the Lenders, the Parent may request that a Borrower (other than itself) ceases to be a Borrower by delivering to the Priority Agent a Resignation Letter. In addition, if a Borrower is the subject of a Third Party Disposal, the Parent may request that such Borrower ceases to be a Borrower by delivering to the Agents a Resignation Letter. The Agents shall accept a Resignation Letter and notify the Parent and the other Finance Parties of its acceptance if: the Parent has confirmed that no Default is continuing or would result from the acceptance of the Resignation Letter; the Borrower is under no actual or contingent obligations as a Borrower under any Finance Documents; where the Borrower is also a Guarantor (unless its resignation has been accepted in accordance with Clause 30.5 (Resignation of a Guarantor)), its obligations in its capacity as Guarantor continue to be legal, valid, binding and enforceable and in full force and effect (subject to the Legal Reservations) and the amount guaranteed by it as a Guarantor is not decreased (the Original Borrower has confirmed this is the case); and the Parent has confirmed that it shall ensure that any relevant Disposal Proceeds will be applied in accordance with Clause 12.3 (Application of mandatory prepayments). The Agents shall further accept a Resignation Letter and notify the Parent and the other Finance Parties of its acceptance where such Resignation Letter is necessary to complete a Step. Upon notification by the Agents to the Parent of its acceptance of the resignation of a Borrower, that company shall cease to be a Borrower and shall have no further rights or obligations under the Finance Documents as a Borrower except that the resignation shall not take effect (and the Borrower will continue to have rights and obligations under the Finance Documents) until the date on which the Third Party Disposal takes effect. The Agents may, at the cost and expense of the Parent, require a legal opinion from counsel to the Agents confirming the matters set out in paragraph (c)(iii) above and the Agents shall be under no obligation to accept a Resignation Letter until it has obtained such opinion in ...