Sale or Disposition definition

Sale or Disposition means any of the following Partnership transactions: sales, exchanges, or other dispositions of real or personal property, condemnations or any recovery or damage awards, and insurance proceeds (other than business or rental interruption insurance proceeds).
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Sale or Disposition means any transaction (other than the receipt of capital contributions) not in the ordinary course of operating a Company Asset or any partnership, joint venture, corporation, trust or other entity in which the Company has an interest, including any sale, exchange or other disposition of any Company Asset or interest therein, condemnation, recovery of damage award or insurance proceeds (other than business or rental interruption insurance proceeds), any financing or refinancing or any decrease in the Company's reserve accounts to the extent such reserve accounts were funded with revenues from a Sale or Disposition or from Capital Contributions.
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Sale or Disposition. The sale or other disposition of Aircraft.
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Examples of Sale or Disposition in a sentence

  • Sale or Disposition in the Ordinary Course of Taxpayer's Trade or Business: Real estate loans that are originated or acquired by a REIT for the purpose of being packaged for sale may constitute "prohibited transactions" for purposes of determining the Company's compliance with the 30 percent income test.

  • Any gain allocated to the Partners upon a Sale or Disposition of any Partnership property shall, to the extent possible, after taking into account other required allocations of gain pursuant to Exhibit C, be characterized as Recapture Income in the same proportions and to the same extent as such Partners have been allocated any deductions directly or indirectly giving rise to the treatment of such gains as Recapture Income.

  • Immediately upon receipt of the Net Proceeds from Sale or Disposition for any Container covered under this Section, Owner shall execute and deliver to Manager a xxxx of sale for such Container transferring title to such Container to Manager on an AS/IS WHERE/IS basis and warranting only good title thereto with respect to Owner and parties claiming by, through or under Owner.

  • Notwithstanding the provisions of Section 11.4.1 and 11.4.2 hereof, an amount of Net Income arising from a Sale or Disposition of a Partnership Property equal to the Capital Account Deficiency shall first be allocated to each Partner having a Negative Balance in the proportion in which such Partner's Negative Balance bears to the aggregate Negative Balances of all Partners ("Negative Balance Ratio").

  • The Shareholders agree that this Agreement does not unreasonably restrict the Sale or Disposition of Shares.

  • The Members hereby acknowledge that they have had full and complete access to information regarding the nature and extent of the Company's business, including, but not limited to, all pertinent financial data affecting the Company, its current business and prospects, in order to make a decision whether to enter into the terms of this Agreement, including the obligations in connection with a future Sale or Disposition of Membership Units.

  • Restrictions on Issuance and Sale or Disposition of Capital Stock of the Bank.......................................................

  • Except as permitted in this Agreement, any Sale or Disposition of Shares by a Shareholder or the Corporation, directly or indirectly, shall be null and void without the approval of the Board of Directors.

  • The portion of the Net Income from a Sale or Disposition of a Property allocated pursuant to Paragraph 11.2.1 which is treated as ordinary income attributable to the recapture of depreciation shall to the extent possible be allocated among the Partners in the proportion which (i) the amount of depreciation previously allocated to each Partner relating to the Property which is the subject of the Sale or Disposition bears to (ii) the total of such depreciation allocated to all Partners.

  • Notwithstanding the provisions of Paragraphs 11.10.1 and 11.10.2 hereof, an amount of Net Income arising from a Sale or Disposition of Partnership Property equal to the Capital Account Deficiency shall first be allocated to each Partner having a Negative Balance in the proportion in which such Partner's Negative Balance bears to the aggregate Negative Balance of all Partners and Unitholders ("Negative Balance Ratio").


More Definitions of Sale or Disposition

Sale or Disposition means any Partnership transaction (other than the receipt of subscriptions for Units) not in the ordinary course of its business, including, without limitation, sales (including foreclosure sales), refinancings, exchanges or other dispositions of real or personal property, condemnations, recoveries of damage awards and insurance proceeds (other than business or rental interruption insurance proceeds). The disposition of a Partnership Property by transfer back to the seller or an affiliate thereof, whether in the form of a rescission, exchange or resale or pursuant to an option or other similar arrangement entered into at or prior to the time of taking title to the Property shall not, if the proceeds from such transfer back are reinvested in other Property, constitute a Sale or Disposition and shall not result in Cash From Sales or Refinancings.
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Sale or Disposition means any Partnership transaction (other than the receipt of subscriptions for Units) not in the ordinary course of its business, including, without limitation, sales (including foreclosure sales), exchanges or other dispositions of real or personal property, condemnations, recovery of damage awards and insurance proceeds (other than business or rental interruption insurance proceeds). The disposition of a Partnership Property prior to three years from the date of the Prospectus by transfer back to the seller or an affiliate thereof, whether in the form of a rescission, exchange or resale or pursuant to an option or other similar arrangement entered into at or prior to the time of taking title to the Property shall not, if the proceeds from such transfer back are reinvested in other Property, constitute a Sale or Disposition and shall not result in Cash From Sales or Refinancings.
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Related to Sale or 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.

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

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

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • 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.

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Permitted Disposition means any of the following:

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between the Borrower or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly owned Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, or a product or a product candidate of, any Person; provided that: