Disposal

Disposal. Means the sale, transfer, grant of an option or other interest in, or other disposal of, all or substantially all of the business or assets of Borrower, whether by one transaction or a series of related transactions or arrangements; provided, however, that any transaction or series of related transactions or arrangements in which the stockholders of Borrower immediately prior to the transaction own 50.1% or more of the voting stock of the acquiring corporation or parent of the acquiring... corporation following such transaction (taking into account only stock of Borrower held by such stockholders prior to the transaction) shall not be considered a Disposal. View More