Adjusted Disposal Method Sample Clauses

Adjusted Disposal Method without prejudice to sub-paragraph (a) above, where “Adjusted Disposal Method” is specified as applicable: (i) Offerors: the Disposal Agent will attempt to obtain such firm bid quotations from at least five Offerors, each of whom must be a dealer in obligations of the type of the Disposal Assets; and (ii) At least two quotations: if at least two such quotations are available, the Disposal Agent, acting as broker on behalf of the Issuer, will arrange the sale of the Disposal Assets at the highest quotation obtained and will give instructions (x) to the Purchaser for the transfer of the proceeds to the Custodian on behalf of the Issuer on the relevant settlement date and (y) to the Custodian for the transfer of the relevant Disposal Assets to the Purchaser; (iii) Less than two quotations: if the Disposal Agent is unable to obtain at least two such firm bid quotations on the same Business Day, then on the next following Business Day and (to the extent necessary) on each Business Day thereafter until the fifth following Business Day, the Disposal Agent will continue to attempt to obtain such firm bid quotations from at least five Offerors in accordance with (i) above and: (A) if the Disposal Agent obtains at least two such quotations on the same Business Day, then it shall arrange a sale of the relevant Disposal Assets in accordance with sub-paragraph (ii) above; or (B) if the Disposal Agent is unable to obtain at least two such quotations on the same Business Day but obtains one such quotation which is able to be accepted on such fifth following Business Day, then the Disposal Agent, acting as broker on behalf of the Issuer, will arrange the sale of the Disposal Assets at such quotation and will give instructions (x) to the Purchaser for the transfer of the proceeds to the Custodian on behalf of the Issuer on the relevant settlement date and (y) to the Custodian for the transfer of the relevant Disposal Assets to the Purchaser; or (C) to the extent no quotations are able to be accepted on such fifth following Business Day, then the Asset Sale Proceeds will be determined as zero. For the avoidance of doubt, whilst Xxxxxxx Xxxxx International and the Authorised Representative may deal in obligations of the type of the Disposal Assets, they shall not be under any obligation to provide any firm bid quotations.
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Adjusted Disposal Method without prejudice to sub-paragraph (a) above, where “Adjusted Disposal Method” is specified as applicable: (i) Offerors: the Disposal Agent will attempt to obtain such firm bid quotations from at least five Offerors, each of whom must be a dealer in obligations of the type of the Disposal Assets; and (ii) At least two quotations: if at least two such quotations are available, the Disposal Agent, acting as broker on behalf of the Issuer, will arrange the sale of the Disposal Assets at the highest quotation obtained and will give instructions (x) to the Purchaser for the transfer of the proceeds to the Custodian on behalf of the Issuer on the relevant settlement date and (y) to the Custodian for the transfer of the relevant Disposal Assets to the Purchaser; (iii) Less than two quotations: if the Disposal Agent is unable to obtain at least two such firm bid quotations on the same Business Day, then on the next following Business Day and (to the extent necessary) on each Business Day thereafter until the fifth following Business Day, the Disposal Agent will continue to attempt to obtain such firm bid quotations from at least five Offerors in accordance with sub-paragraph (i) above and:
Sample 1

Related to Adjusted Disposal Method

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

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