Disposition of property definition

Disposition of property means a conveyance, transfer, assignment, settlement, delivery, payment or other alienation of property, and includes—

Disposition of property means a transfer, including by appointment, of property or any other benefit to a beneficiary des- ignated in a governing instrument.

Disposition of property. ’ means any conveyance, transfer, assignment, settlement, delivery, payment, or other alienation of property, whether at law or in equity; and, without limiting the generality of the foregoing provisions of this definition, includes—

Examples of Disposition of property in a sentence

• If an Event of Default has occurred and is continuing, upon any (A) Disposition of Property, (B) Unwind of any Swap Agreement or (C) incurrence or issuance of Indebtedness, an aggregate amount equal to one hundred percent (100%) of the Net Proceeds received therefrom shall be applied to repay the Secured Obligations in accordance with the priority set forth in Section 10.02(d).

• Each Lender and the Issuing Bank hereby authorizes the Administrative Agent to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases of Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection with any Disposition of Property to the extent such Disposition is permitted by the terms of Section 9.12 or is otherwise authorized by the terms of the Loan Documents.

• If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein (provided that such notice may be conditioned on receiving the proceeds of any refinancing or Disposition of Property), together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid.

• Notwithstanding anything herein to the contrary, neither the provisions in this Section 2.18(b) nor any adjustment of the Borrowing Base required herein are intended to be and shall not constitute, or otherwise be deemed to constitute, a consent to any Disposition of Property that is otherwise prohibited under this Agreement.

• If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein (provided that such notice may be conditioned on receiving the proceeds of any refinancing or Disposition of Property), together with accrued interest to such date on the amount prepaid.

More Definitions of Disposition of property

Disposition of property. , see section 107(3). ‘gift’ means—

Disposition of property means a transfer, in- cluding by appointment, of property or any other benefit to a beneficiary designated in a governing instrument.

Disposition of property means any conveyance, trans- fer, assignment, settlement, delivery, payment, or other alienation of property; whether at law or in equity; and, without limiting the generality of the

Disposition of property means a transfer, including by appointment, of property or

Disposition of property. No dispositions of all or any portion of the Property except as follows:

Disposition of property means a conveyance, transfer, assignment, settlement, delivery, payment or other alienation of property, including the following:

Disposition of property means any conveyance, transfer, assignment, settlement, delivery, payment,gift or other alienation of property including—