Specified Asset Sales. On or prior to the applicable dates set forth on Schedule 5.14, the applicable Loan Party shall sell each applicable Specified Asset for cash consideration in an amount not less than the amount specified opposite such Specified Asset on Schedule 5.14. In addition, during the first ninety (90) days after the Closing Date, each sale of a Specified Asset shall be done in consultation with the Administrative Agent.
Specified Asset Sales. The Specified Asset Sales shall have been consummated in accordance with Section 4.1(p) and the final amount of the Net Cash Proceeds shall have been determined. Prior to the consummation of the Specified Asset Sale under the AHA Stock Purchase Agreement, Company shall have caused AHA to make such dividends or distributions to Company so that AHA's Tangible Net Worth (as defined in the AHA Stock Purchase Agreement) is equal to zero at the closing of such Specified Asset Sale.
Specified Asset Sales. The Specified Asset Sales shall have been consummated in accordance with Section 4.1(p) and the final amount of the Net Cash Proceeds shall have been determined; provided that Company shall not be entitled to rely on this condition if Company has not complied with Section 4.1(p).
Specified Asset Sales. On or after the Amendment No. 2 Effective Date, no Company shall make any Investment in, make any Restricted Payments to, dispose of, sell, lease or otherwise transfer any assets (including Equity Interests) to, or merge, consolidate or amalgamate with, any of the Specified Entities; other than as a result of transactions that are (i) in the ordinary course of business consistent with past practices or (ii) in accordance with binding contractual arrangements in writing that were in existence and effective as of September 30, 2015 ((x) without giving effect to any amendment, waiver, modification or supplement to such agreements after September 30, 2015 and (y) excluding any agreement that is not effective on, and any transaction that has not been consummated by, September 30, 2015 but contemplated by such contractual agreements to be entered into or consummated on a future date).”
Specified Asset Sales. 1) The sale of all of the shares of McKesson Automation Inc. and certain assets related to the hospital automation business unit.
Specified Asset Sales. Without limiting the requirements of Section 5.14, if Borrower or any of its Subsidiaries receives any Net Available Cash from any asset disposition permitted under Section 5.14(b)(i) (due to waiver by CME Credit Guarantor) or any Net Insurance/Condemnation Proceeds, in each case, in a single transaction or a series of related transactions in excess of $5,000,000 or its equivalent in any Financial Year, Borrower shall, no later than the twentieth Business Day following the receipt of such Net Available Cash or such Net Insurance/Condemnation Proceeds (the “Scheduled Prepayment Date”), apply an amount equal to 100% of such Net Available Cash or Net Insurance/Condemnation Proceeds in excess of such thresholds as follows:
Specified Asset Sales. Section 5.17 of the Financing Agreement is hereby added to the Financing Agreement to read as follows:
Specified Asset Sales. Company shall, and shall cause each of the Loan Parties to, consummate the Specified Asset Sales (which shall include the assumption by the purchaser of all liabilities, if any, related to such Specified Asset Sales) resulting in cash Net Proceeds of at least $20,000,000 from the disposition of such Specified Asset Sales on or before March 31, 2015 in accordance with Section 6.9(h). In addition, each Friday, Company shall deliver an update, in form and substance satisfactory to the Agent and Service Agent, of the status of the sale process with respect to the Specified Asset Sales and such other information with respect to the sale process that the Agent or Service Agent requests.”
Specified Asset Sales. The Borrowers shall prepay the Revolving Credit Loans in an amount equal to 100% of the Net Asset Sale Proceeds received from any Specified Asset Sale (each, a “Specified Asset Sale Prepayment”). Such Specified Asset Sale Prepayment shall be made no later than five (5) Business Days following the receipt of any such Net Asset Sale Proceeds. All Specified Asset Sale Prepayments shall be applied to prepay, with interest and with any additional compensation required under Section 5.5.2, the Revolving Credit Loans outstanding hereunder. All prepayments of Revolving Credit Loans pursuant to this Section 5.6.2 shall be applied to the outstanding Revolving Credit Loans of each Bank in proportion to its Ratable Share.
Specified Asset Sales. The Company intends to list for sale its properties located at 00 Xxxxxxxx Xxxxxx, Simi Valley, CA , 000 Xxxx Xxxxxxxxx, Rome, GA and 0000 Xxxxxxxxx Xxxx, Charlotte, NC. Schedule 6.09 Transactions with Affiliates
