Disposition Transaction

Disposition Transaction. Means the date of the closing of a sale to a third party of (i) all or substantially all of the assets of Borrower or (ii) any sale of equity of Borrower, consolidation, merger or other transaction or series of related transactions pursuant to which the holders of outstanding voting securities of the Borrower immediately prior to such transaction or transactions fail to hold equity securities representing a majority of the voting power or equity ownership of Borrower or the surviving entity... immediately following such transaction or transactions. View More