Disposition Agreements Clause Examples

A Disposition Agreements clause outlines the terms and procedures for transferring, selling, or otherwise disposing of certain assets or interests covered by the agreement. Typically, it specifies the conditions under which such dispositions can occur, any required approvals, and the process for documenting and finalizing the transaction. This clause serves to provide clear guidelines for asset transfers, thereby reducing the risk of disputes and ensuring all parties understand their rights and obligations regarding the disposition of assets.
Disposition Agreements. Promptly, and in any event not later than 30 days after the execution thereof by the Borrower or any Restricted Subsidiary, written notice of the execution and delivery of any agreement for the sale of a Vessel by any such Person;
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Disposition Agreements. Other than the Disposition Agreements set forth on Schedule 7.2(o) of the Company Disclosure Schedule, Seller shall have obtained a release of the Company’s and the Company’s Subsidiaries’ obligations under the Disposition Agreements from the other parties thereto.
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Disposition Agreements. 31 4.21 Replace. of Cleanup Contractor or Good Faith Guar 31 4.22 DMB Affiliated Financing. . . . . . . . . . . . . . 32 4.23
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Disposition Agreements. All dispositions and refinancings of Approved Properties shall be entered into at arm's length. Borrower shall disclose to Subordinated Lender in writing any affiliation or relationship between any DMB Party and any purchaser or lender with respect to any Approved Property. The terms of disposition or refinancing shall include the following unless Subordinated Lender agrees otherwise (including pursuant to approval of a Loan Application): (a) disposition agreement shall be in substantially the form of Exhibit "K" of the Senior Loan Agreement, or, at Borrower's option, more favorable to the seller; (b) sale entirely for cash; and (c) selling price to be no lower than the lowest selling price projected in the Loan Application, provided that: (i) a sale at such price is commercially reasonable under the circumstances; and (ii) Borrower has provided Subordinated Lender with at least ten days prior notice of the proposed selling price. If Borrower suffers a loss as a result of any indemnification provided by Borrower under any disposition agreement, then Subordinated Lender shall not be required to bear any portion of such loss, except to the extent that such loss arises from Identified Environmental Risks, and except to such extent in no event shall Subordinated Lender be required to make any Subordinated Loan Advances whatsoever to cover any part of such liability or loss. Regardless of whether Borrower assumes such personal liability, in absolutely no event shall Subordinated Lender have any such liability whatsoever. Nothing in the preceding restrictions shall prevent Cleanup Contractor from providing any purchaser with such indemnities and assurances as may have been provided for in the Loan Application or GMP Agreement, provided that Borrower shall have no liability in connection therewith.
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Related to Disposition Agreements

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Sub-Agreements Party shall not assign, subcontract or subgrant the performance of this Agreement or any portion thereof to any other Party without the prior written approval of the State. Party shall be responsible and liable to the State for all acts or omissions of subcontractors and any other person performing work under this Agreement pursuant to an agreement with Party or any subcontractor.

  • Distribution Agreements Subject to compliance with applicable provisions of the 1940 Act, the Board of Trustees may enter into a contract or contracts with one or more Persons to act as underwriters and/or placement agents whereby the Trust may either agree to sell Shares of the Trust, any Series or Class to the other party or parties to the contract or appoint such other party or parties its sales agent or agents for such Shares. In either case, the contract shall be on such terms and conditions as the Board of Trustees may in its discretion determine, not inconsistent with the provisions of this Section 5.12 or the By-laws; and such contract may also provide for the repurchase or sale of Shares of the Trust, any Series or Class by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with Persons who are not registered securities dealers to further the purposes of the distribution or repurchase of such Shares.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Subordination Agreements Subordination Agreements with respect to all Subordinated Debt.