Applicable Proceeds definition

Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii).

Applicable Proceeds has the meaning assigned to such term in Section 4.11.

Applicable Proceeds means any and all proceeds of casualty insurance or condemnation held by the Administrative Agent pursuant to the Loan Documents in connection with a casualty or condemnation event for which the conditions for use thereof by the Borrower or any Subsidiary, as set forth in the Loan Documents, shall not have been satisfied.

Examples of Applicable Proceeds in a sentence

• Upon completion of any Asset Disposition Offer, the amount of Applicable Proceeds and Excess Proceeds shall be reset at zero.

• The Issuer may satisfy the foregoing obligation with respect to the Applicable Proceeds by making an Asset Disposition Offer prior to the expiration of the Proceeds Application Period (the “Advance Offer”) with respect to all or a part of the Applicable Proceeds (the “Advance Portion”) in advance of being required to do so by this Indenture.

• Pending the final application of an amount equal to the Applicable Proceeds pursuant to this Section 4.16, the Holder of such Applicable Proceeds may apply any Applicable Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility (including under the First Lien Credit Facilities) or otherwise invest such Applicable Proceeds in any manner not prohibited by this Indenture.

• Capital Stock constituting a minority interest in any Person that at such time is a Real Estate Subsidiary of Propco; provided, that any such real property and Capital Stock are pledged as Collateral securing the Notes in accordance with the Security Documents;provided further, that for purposes of the calculation of Applicable Proceeds, any such real property shall be valued at fair market value based on one or more broker opinions of value from a broker of national standing selected by the Guarantor.

• It will be responsible for undertaking risk assessment exercises covering all areas of information technology and evaluating relevant risk- mitigating controls to strengthen IT procedures.

More Definitions of Applicable Proceeds

Applicable Proceeds means 100.0% of the Net Cash Proceeds from an Asset Sale; provided that so long as no Event of Default shall have occurred and be continuing or would result therefrom, the Applicable Proceeds shall be reduced to (1) 50.0% of the Net Cash Proceeds from an Asset Sale if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 or (2) 0% if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.00 to 1.00.

Applicable Proceeds any and all proceeds of casualty insurance or condemnation held by the Administrative Agent pursuant to the Loan Documents in connection with a casualty or condemnation event for which the conditions for use thereof by the Borrower or any Subsidiary, as set forth in the Loan Documents, shall not have been satisfied.

Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii). “Applicable Rate” means:

Applicable Proceeds means any and all cash, securities or other property received by Borrower pursuant to the Settlement Agreement, including any proceeds from the sale of any securities that were received by Borrower pursuant to the terms of the Settlement Agreement.

Applicable Proceeds shall have the meaning set forth in Section 6(c)(i) hereof.

Applicable Proceeds means Permitted Receivables Transaction Proceeds but excluding in any event proceeds of subsequent sales of Receivables Facility Assets pursuant to a Permitted Receivables Transaction after the initial sale date except to the extent to which the respective sale increases Permitted Receivables Transaction Outstandings under Permitted Receivables Transactions (including for the avoidance of doubt, any Permitted Receivables Transaction entered into prior to the Fifth Amendment and Restatement Effective Date) to an amount in excess of the highest amount of Permitted Receivables Transaction Outstandings previously attained

Applicable Proceeds as used herein shall mean, collectively, Applicable Sales Proceeds and Net Economic Proceeds.