Asset Sale Proceeds Sample Clauses

Asset Sale Proceeds. The Borrower shall make mandatory principal prepayments of the Loans and/or Cash Collateralize the L/C Obligations in the manner set forth in Section 4.4(b)(v) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from the sale or other disposition or series of related sales or other dispositions of assets by the Borrower or any of its Restricted Subsidiaries other than sales or other dispositions of assets permitted pursuant to Section 11.5(a) through (i). Such prepayments shall be made within three (3) Business Days after the date of receipt of the Net Cash Proceeds of any such sale or other disposition or series of related sales or other dispositions of assets by the Borrower or any of its Restricted Subsidiaries; provided that, so long as no Default or Event of Default has occurred and is continuing, no such mandatory principal prepayments shall be required (A) until the Net Cash Proceeds of sales and dispositions exceed $10,000,000 in the aggregate during any Fiscal Year (at which point all such Net Cash Proceeds shall be subject to prepayment in accordance with this Section 4.4(b)(iii) with the date upon which such threshold is exceeded being deemed to be the date of receipt of such Net Cash Proceeds); or (B) in connection with any such Net Cash Proceeds which are committed to be reinvested in assets used in the business of the Borrower and its Restricted Subsidiaries within 12 months after receipt of such Net Cash Proceeds and are thereafter actually reinvested in operating assets used in the business of the Borrower and its Restricted Subsidiaries within 18 months after receipt of such Net Cash Proceeds by the Borrower or such Restricted Subsidiary; provided, that any portion of the Net Cash Proceeds not committed to be reinvested within such 12 month period or actually reinvested within such 18 month period shall be prepaid in accordance with this Section. Upon and during the continuance of an Event of Default and upon notice from the Administrative Agent, all such Net Cash Proceeds received by the Borrower and its Restricted Subsidiaries shall be applied to make prepayments of the Loans and/or Cash Collateralize the L/C Obligations, such prepayments and/or Cash Collateral to be made within three (3) Business Days after the Borrower’s or such Restricted Subsidiary’s receipt of all such Net Cash Proceeds; provided that nothing in this sentence shall require the Borrower to repay a greater amount of Net Cash Proceed...

Asset Sale Proceeds. No later than one hundred eighty (180) days following the Borrower’s or applicable Restricted Subsidiary’s receipt thereof, the Borrower shall make mandatory principal prepayments of the Loans in the manner set forth in Section 4.4(b)(vi) below in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds from the sale or other disposition or series of related sales or other dispositions of assets (the “Asset Sale Proceeds”) by the Borrower or any of its Restricted Subsidiaries which have not been reinvested as of such date in similar replacement assets; provided that no prepayments shall be required hereunder in connection with: (A) Asset Sale Proceeds received from asset sales or other dispositions permitted by Section 11.5(a) through and including Section 11.5(d); or (B) So long as no Event of Default has occurred and is continuing, Asset Sale Proceeds received from: (1) asset sales and dispositions (other than (i) asset sales and dispositions permitted by Section 11.5(a) through and including Section 11.5(d) and (ii) asset sales and dispositions covered under clause (2) of this Section 4.4(b)(iii)(B)) in an aggregate amount not to exceed $30,000,000 in any Fiscal Year; or (2) any asset sale or disposition (other than asset sales and dispositions permitted by Section 11.5(a) through and including Section 11.5(d)) to the extent the Asset Sale Proceeds from such individual sale or disposition together with all related sales or dispositions (if any) is equal to or less than $2,500,000; or (3) asset sales and dispositions (other than (i) asset sales and dispositions permitted by Section 11.5(a) through and including Section 11.5(d) and (ii) asset sales and dispositions covered under clause (1) or clause (2) of this Section 4.4(b)(iii)(B)) that have been committed to be reinvested within one hundred eighty (180) days after receipt thereof and are thereafter actually reinvested within two hundred seventy (270) days after receipt of such Asset Sale Proceeds. If such Asset Sale Proceeds are not actually reinvested in accordance with the terms of this Section 4.4(b)(iii)(B)(3) by the date which is two hundred seventy (270) days after the receipt thereof, the Borrower shall make a mandatory prepayment in an amount equal to such Asset Sale Proceeds as described above on such date. Notwithstanding any of the foregoing to the contrary, upon and during the continuance of an Event of Default and upon notice from the Administrative Agent, all Asset ...

Asset Sale Proceeds. The Borrower shall repay the Loans outstanding under the Commitments as set forth in Section 7.4(a) hereof. On and after the Facility B Commitment Termination Date any such payments in respect of the Facility B Commitment shall be applied to Loans outstanding thereunder in inverse order of maturity.

Asset Sale Proceeds. The Aggregate Commitment shall be automatically and permanently reduced in an amount equal to one hundred percent (100%) of the Dollar Amount of the aggregate Net Cash Proceeds received by the US Borrower or any of its Domestic Subsidiaries from the sale or other disposition or series of related sales or other dispositions of assets by the US Borrower or any of its Domestic Subsidiaries on the third (3rd) Business Day following receipt of such Net Cash Proceeds; provided that, no commitment reductions shall be required hereunder in connection with: (A) Net Cash Proceeds received from sales or other dispositions of assets permitted pursuant to Section 10.5 (other than Section 10.5(m)); or (B) So long as no Event of Default has occurred and is continuing, Net Cash Proceeds received from (1) sales or other dispositions permitted pursuant to Section 10.5(m) or (2) sales or other dispositions not permitted pursuant to Section 10.5 but otherwise consented to by the Required Lenders to the extent, in each such case, that such Net Cash Proceeds are reinvested within three hundred sixty (360) days after receipt thereof by the US Borrower or any of its Domestic Subsidiaries in assets to be used in the business of the US Borrower or any of its Domestic Subsidiaries. This provision shall not be deemed to permit any sale or disposition of assets by the US Borrower or any of its Subsidiaries not otherwise permitted hereunder.

Asset Sale Proceeds. Holdings and its Subsidiaries shall take ------------------- all actions requested by the Administrative Agent to ensure that the Net Proceeds of the Asset Sale are applied to prepay the Loans in accordance with Section 2.11(c), including, if not prohibited by any contract to which any Loan Party is a party, granting the Lenders a security interest in such Net Proceeds (and related contract rights).

Asset Sale Proceeds. The Borrower shall repay the Loans outstanding under the Facility B Commitment and the Facility C Commitment as set forth in Section 7.4(a) hereof, pro rata between such Commitments. Any such payments shall be applied to Loans outstanding thereunder in inverse order of maturity.

Asset Sale Proceeds. Section 1.6 of the Term Note is ------------------- hereby amended by deleting the section in its entirety and replacing it with the following: Within fourteen (14) calendar days after the consummation of an Asset Sale involving the Put Call Properties, the Payor will pay to the Payee by wire transfer to the bank account designated by the Payee such aggregate principal amount of this Note as equals one hundred percent (100%) of the Asset Sale Proceeds.

Asset Sale Proceeds. The Borrowers shall make mandatory ------------------- principal prepayments (in the manner set forth in Section 4.4(b)(vi) below) of the Term Loans in amounts equal to one hundred percent (100%) of the Net Cash Proceeds from the sale or other disposition of assets by any Borrower or any of its Subsidiaries other than in the ordinary course of business, including without limitation, pursuant to Section 11.6(g). Such prepayment shall be made within three (3) Business Days after the date of consummation of any such transaction.

Asset Sale Proceeds. The Borrowers shall make mandatory ------------------- principal prepayments of the Term Loans in the manner set forth in Section 4.4(c)(vi) in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds (as long as such Net Cash Proceeds exceed $250,000 in the aggregate in any Fiscal Year and then only such excess) from the sale or other disposition of assets by the Company, any Borrower or any of their respective Subsidiaries in each case pursuant to Section 11.6(e) which proceeds have not been utilized by the applicable seller within 180 days of such sale to purchase replacement assets. Such reduction shall be made on the earlier of 180 days after the date of consummation of any such transaction or the date the Borrowers notify the Administrative Agent of the applicable seller's intention not to so utilize such Net Cash Proceeds.

Asset Sale Proceeds. With respect to any Asset Sale, (i) cash received by the Partnership or any Subsidiary from such Asset Sale, after (a) provision for all income tax distributions or other taxes measured by or resulting from such Asset Sale, (b) payment of all brokerage commissions, underwriting and other fees and expenses related to such Asset Sale, (c) provision for minority interests in any Subsidiary as a result of such Asset Sale and (d) deduction of appropriate amounts to be provided by the Partnership or a Subsidiary as a reserve, in accordance with generally accepted accounting principles, against any liabilities associated with the assets sold or disposed of in such Asset Sale and retained by the Partnership or a Subsidiary after such Asset Sale, including without limitation, pension and other postemployment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with assets sold or disposed of in such Asset Sale, and (ii) promissory notes and other non-cash consideration received by the Partnership or any Subsidiary from such Asset Sale or other disposition upon the liquidation or conversion of such notes or non-cash consideration into cash.