Applicable Asset Sale Proceeds definition

Applicable Asset Sale Proceeds has the meaning specified in Section 2.05(b)(ii).
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Applicable Asset Sale Proceeds means the Net Cash Proceeds from any Asset Sale, excluding (i) Net Cash Proceeds from any Asset Sale of transportation, processing and spreading equipment so long as such Net Cash Proceeds are used to purchase similar transportation, processing or spreading equipment within six months after such Asset Sale and (ii) the first $250,000 of Net Cash Proceeds received from all other Asset Sales in any Fiscal Year.
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Applicable Asset Sale Proceeds has the meaning specified in Section 2.06(b)(i)(A)(2). “Applicable Discount” has the meaning specified in Section 2.06(d)(iii). “Applicable ECF Proceeds” has the meaning specified in Section 2.06(b)(iii). “Applicable Margin” means a percentage per annum equal to: (a) Prior to the Amendment No. 8 Effective Date, with respect to (i) any Initial Revolving Credit Loan, (ii) the Commitment Fee in respect of any Initial Revolving Credit Commitments and (iii) the L/C Fee in respect of any Initial Revolving Credit Commitments, (A) until and including the date on which the first financial statements required to be delivered under Section 6.01 after the Amendment No. 2 Effective Date are actually delivered, the percentages per annum set forth below for Pricing Level 2 and (B) thereafter, the following percentages per annum based upon the Senior Secured Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): Initial Revolving Credit Facility prior to the Amendment No. 8 Effective Date Pricing Level Senior Secured Leverage Ratio Term SOFR/Eurocurrenc y Rate/ L/C Fee Base Rate Commitment Fee 1 ≤ 3.20:1.00 2.75% 1.75% 0.250% 2 > 3.20:1.00 and ≤ 3.70:1.00 3.00% 2.00% 0.375% 3 > 3.70:1.00 3.25% 2.25% 0.50% (b) On or after the Amendment No. 8 Effective Date, with respect to (i) any Initial Revolving Credit Loan, (ii) the Commitment Fee in respect of any Initial Revolving Credit Commitments and (iii) the L/C Fee in respect of any Initial Revolving Credit Commitments, (A) until and including the date on which the first financial statements required to be delivered under Section 6.01 after the Amendment No. 8 Effective Date are actually delivered, the percentages per annum set forth below for Pricing Level 2 and (B) thereafter, the following percentages per annum based upon the Senior Secured Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): Initial Revolving Credit Facility on or after the Amendment No. 8 Effective Date Pricing Level Senior Secured Leverage Ratio Term SOFR/Eurocurrenc y Rate/ L/C Fee Base Rate Commitment Fee 1 ≤ 3.00:1.00 2.25% 1.25% 0.250% 2 > 3.00:1.00 and ≤ 3.50:1.00 2.50% 1.50% 0.375% 3 > 3.50:1.00 2.75% 1.75% 0.50% (bc) with respect to any Initial Term Loans (i) prior to the Amendment No. 1 Effective Date, 5.00% with respect to any Initial Term Loans that are Eurocurrency Rate Loans and 4.0...
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Examples of Applicable Asset Sale Proceeds in a sentence

  • In addition, Company shall, no later than 180 days after receipt of such Applicable Asset Sale Proceeds that have not theretofore been applied to the Obligations or that have not been so reinvested as provided above, make a prepayment of the Loans in the full amount of all such unreinvested Applicable Asset Sale Proceeds.


More Definitions of Applicable Asset Sale Proceeds

Applicable Asset Sale Proceeds means the Net Cash Proceeds from any Asset Sale, excluding (i) Net Cash Proceeds from any sale of fixed assets so long as such Net Cash Proceeds are used within 90 days to purchase other fixed assets for use in the business of the Company or a Subsidiary and (ii) the first $5,000,000 (or the Dollar Equivalent thereof) of Net Cash Proceeds received from all other Asset Sales in any Fiscal Year. Applicable Base Rate Margin - see Schedule 1.1(b). Applicable Eurocurrency Margin - see Schedule 1.1(b).
Sample 1
Applicable Asset Sale Proceeds has the meaning specified in ‎Section 2.06(b)(i)(A)(2). “Applicable Discount” has the meaning specified in ‎Section 2.06(d)(iii). “Applicable ECF Proceeds” has the meaning specified in ‎Section 2.06(b)(iii). “Applicable Margin” means a percentage per annum equal to: (a) with respect to (i) any Initial Revolving Credit Loan, (ii) the Commitment Fee in respect of any Initial Revolving Credit Commitments and (iii) the L/C Fee in respect of any Initial Revolving Credit Commitments, (A) until and including the date on which the first financial statements required to be delivered under ‎Section 6.01 after the Amendment No. 2 Effective Date are actually delivered, the percentages per annum set forth below for Pricing Level 2 and (B) thereafter, the following percentages per 5
Sample 1
Applicable Asset Sale Proceeds means the Net Cash Proceeds from any Asset Sale, excluding (i) Net Cash Proceeds from any Asset Sale of transportation, processing and spreading equipment so long as such Net Cash Proceeds are used to purchase similar transportation, processing or spreading equipment within six months after such Asset Sale; (ii) 50% of the Net Cash Proceeds from the Sale-Leaseback Transaction; (iii) 100% of the Net Cash Proceeds from any sale of receivables permitted by Section 10.11(f); and (iv) the first $500,000 of Net Cash Proceeds received from all other Asset Sales in any Fiscal Year.
Sample 1
Applicable Asset Sale Proceeds has the meaning specified in Section 2.06(b)(i)(A)(2). “Applicable Discount” has the meaning specified in Section 2.06(d)(iii). “Applicable ECF Proceeds” has the meaning specified in Section 2.06(b)(iii). “Applicable Margin” means a percentage per annum equal to: (a) with respect to (i) any Initial Revolving Credit Loan, (ii) the Commitment Fee in respect of any Initial Revolving Credit Commitments and (iii) the L/C Fee in respect of any Initial Revolving Credit Commitments, (A) until and including the date on which the first financial statements required to be delivered under Section 6.01 after the Amendment No. 2 Effective Date are actually delivered, the percentages per annum set forth below for Pricing Level 2 and (B) thereafter, the following percentages per annum based upon the Senior Secured Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 1 Pricing Level ≤ 3.20:1.00 2.75% Senior Secured Leverage Ratio 1.75% 0.250% Term SOFR/Eurocurrency Rate/ L/C Fee Initial Revolving Credit Facility
Sample 1
Applicable Asset Sale Proceeds has the meaning specified in Section 2.05(b)(ii). “Applicable Discount” has the meaning specified in Section 2.05(d)(iii). “Applicable ECF Proceeds” has the meaning specified in Section 2.05(b)(i). “Applicable Lending Office” means for any Lender, such Lender’s office, branch or affiliate designated for Eurocurrency Rate Loans, SOFR Loans, Base Rate Loans, L/C Advances or Letters of Credit, as applicable, as notified to the Administrative Agent, any of which offices may be changed by such Lender. “Applicable Percentage” means, at any time (a) with respect to any Lender with a Commitment of any Class, the percentage equal to a fraction the numerator of which is the amount of such Xxxxxx’s Commitment of such Class at such time and the denominator of which is the aggregate amount of all Commitments of such Class of all Lenders (and with respect to any Letters of Credit issued or participations purchased therein by any Revolving Credit Lender or any participations in any Swingline Loans purchased by any Revolving Credit Lender, as the context requires, the percentage equal to a fraction the numerator of which is the amount of such Revolving Credit Lender's Revolving Credit Commitment at such time and the denominator of which is the Revolving Credit Commitments of all Revolving Credit Lenders) (provided that (i) in the case of Section 2.16 when a Defaulting Lender shall exist, “Applicable Percentage” with respect to any Revolving Credit Facility shall be determined by disregarding any Defaulting Lender’s Revolving Credit Commitment under such Revolving Credit Facility and (ii) if the Revolving Credit Commitments under any Revolving Credit Facility have terminated or expired, the Applicable Percentages of the Lenders under such Revolving Credit Facility shall be determined based upon the Revolving Credit Commitments most recently in effect) and (b) with respect to the Loans of any Class, a percentage equal to a fraction the numerator of which is such Xxxxxx’s Outstanding Amount of the Loans of such Class and the denominator of which is the aggregate Outstanding Amount of all Loans of such Class. 4
Sample 1
Applicable Asset Sale Proceeds means the Net Cash Proceeds from any Asset Sale, excluding the first $3,000,000 of Net Cash Proceeds received from Asset Sales in any Fiscal Year up to a maximum amount of $6,000,000 of Net Cash Proceeds in the aggregate. Applicable Base Rate Margin means 5.00% per annum.
Sample 1

Related to Applicable Asset Sale Proceeds

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

  • Prepayment Asset Sale means any Disposition of Collateral by the Borrower or its Restricted Subsidiaries made outside the ordinary course of business pursuant to Section 6.07(h).

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.