Common use of Certain Asset Sales Clause in Contracts

Certain Asset Sales. The Indenture imposes certain limitations on the ability of the Issuers to sell assets. In the event the proceeds from a permitted Asset Sale exceed certain amounts, as specified in the Indenture, the Issuers generally will be required either to reinvest the proceeds of such Asset Sale in their business, use such proceeds to retire debt, or to make an asset sale offer to purchase a certain amount of Indebtedness, including each Holder's Securities at 100% of the principal amount thereof, plus accrued interest, if any, to the purchase date, as more fully set forth in the Indenture

Appears in 2 contracts

Samples: Indenture (Sun International Hotels LTD), Indenture (Sun International North America Inc)

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Certain Asset Sales. The Indenture imposes certain limitations on the ability of the Issuers Issuer to sell assets. In the event the proceeds from a permitted Asset Sale exceed certain amounts, as specified in the Indenture, the Issuers Issuer generally will be required either to reinvest the proceeds of such Asset Sale in their its business, use such proceeds to retire debt, or to make an asset sale offer to purchase a certain amount of Indebtedness, including each Holder's Securities at 100% of the principal amount thereof, plus accrued interestand unpaid interest (and Liquidated Damages, if any, ) to the purchase date, as more fully set forth in the Indenture.

Appears in 1 contract

Samples: Indenture (LSB Industries Inc)

Certain Asset Sales. The Indenture imposes certain limitations on the ability of the Issuers to sell assets. In the event the proceeds from a permitted Asset Sale exceed certain amounts, as specified in the Indenture, the Issuers generally will be required either to reinvest the proceeds of such Asset Sale in their its business, use such proceeds to retire debt, or to make an asset sale offer to purchase a certain amount of Indebtedness, including each Holder's Securities at 100% of the principal amount thereof, plus accrued interest, if any, to the purchase date, as more fully set forth in the Indenture

Appears in 1 contract

Samples: Indenture (Venture Service Co)

Certain Asset Sales. The Indenture imposes certain limitations on the ability of the Issuers Issuer to sell assets. In the event the proceeds from a permitted Asset Sale exceed certain amounts, as specified in the Indenture, the Issuers Issuer generally will be required either to reinvest the proceeds of such Asset Sale in their business, use such proceeds to retire debt, or to make an asset sale offer to purchase a certain amount of Indebtedness, including each Holder's ’s Securities at 100% of the principal amount thereof, plus accrued interest, if any, to the purchase date, as more fully set forth in the Indenture.

Appears in 1 contract

Samples: Indenture (Kerzner International Employment Services LTD)

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Certain Asset Sales. The Indenture imposes certain limitations on the ability of the Issuers to sell assets. In the event the proceeds from a permitted Asset Sale exceed certain amounts, as specified in the Indenture, the Issuers generally will be required either to reinvest the proceeds of such Asset Sale in their its business, use such proceeds to retire debt, or to make an asset sale offer to purchase a certain amount of Indebtedness, including each Holder's Securities at 100% of the principal amount thereof, plus accrued interest, if any, to the purchase date, as more fully set forth in the Indenture.

Appears in 1 contract

Samples: Indenture (Sun International North America Inc)

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