Bust-up Provision Clause Samples
A Bust-up Provision is a contractual clause that outlines the process for dissolving a joint venture, partnership, or similar business arrangement. Typically, it specifies the conditions under which the parties can terminate their relationship, the steps for unwinding shared assets and liabilities, and the method for distributing any remaining interests or proceeds. This provision is essential for providing a clear exit strategy, minimizing disputes, and ensuring an orderly separation if the business relationship needs to end.
Bust-up Provision. Notwithstanding any other provision of the Margin Loan Documentation to the contrary, any sale, transfer or other disposition of Relevant Collateral Shares by Secured Party must be a Qualifying Disposition.
Bust-up Provision. Notwithstanding any other provision of the Margin Loan Documentation to the contrary, any sale, transfer or other disposition of Collateral Shares by an Applicable Lender must be a Qualifying Disposition.
Bust-up Provision. Notwithstanding any other provision of the Finance Documents to the contrary, any sale, transfer or other disposition of Nasdaq Collateral Shares by the Security Agent must be a Qualifying Disposition.
Bust-up Provision. Notwithstanding any other provision of the Finance Documents to the contrary, any sale, transfer or other disposition of Pledged Shares must be a Qualifying Disposition.
Bust-up Provision. Notwithstanding any other provision of the Margin Loan Documentation to the contrary, any sale, transfer or other disposition of Collateral Shares by an Applicable Lender must (i) be a Qualifying Disposition and (ii) comply with Sections 3 and 4 of the Issuer Agreement.
Bust-up Provision. Notwithstanding any other provision of the Loan Documents to the contrary, any sale, transfer or other disposition of Pledged Shares (other than in connection with a release of Shares to a Pledgor or a transfer to another Applicable Lender in accordance with Section 10.06 of the Margin Loan Agreement) by a an Applicable Lender must be a Qualifying Disposition.
Bust-up Provision. Notwithstanding any other provision of the Finance Documents to the contrary, any sale, transfer or other disposition of Collateral Shares by the Security Agent or the Lender must be a Qualifying Disposition (other than, for the avoidance of doubt, the release of the Security Agent’s security interest in the Collateral Shares) and the Security Agent agrees to comply with this provision.
Bust-up Provision. Notwithstanding any other provision of the Loan Documents or Collateral Documents to the contrary, any sale, transfer or other disposition of Pledged IEP Units by a Lender must be a Qualifying Disposition (other than, for the avoidance of doubt, the release of the applicable Lender’s security interest in the Pledged IEP Units).
Bust-up Provision. Notwithstanding any other provision of the Margin Loan Documentation to the contrary, any sale, transfer or other disposition of Relevant Collateral Shares by Collateral Agent must be a Qualifying Disposition.