Applicable Proceeds definition
Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii).
Applicable Proceeds has the meaning assigned to such term in Section 4.11.
Applicable Proceeds means any and all proceeds of casualty insurance or condemnation held by the Administrative Agent pursuant to the Loan Documents in connection with a casualty or condemnation event for which the conditions for use thereof by the Borrower or any Subsidiary, as set forth in the Loan Documents, shall not have been satisfied.
Examples of Applicable Proceeds in a sentence
The Company may satisfy the foregoing obligations with respect to any Applicable Proceeds from an Asset Disposition by making an Asset Disposition Offer with respect to all Applicable Proceeds prior to the expiration of the relevant 545 days (or such longer period provided above) or with respect to any unapplied Excess Proceeds.
More Definitions of Applicable Proceeds
Applicable Proceeds means 100.0% of the Net Cash Proceeds from an Asset Sale; provided that so long as no Event of Default shall have occurred and be continuing or would result therefrom, the Applicable Proceeds shall be reduced to (1) 50.0% of the Net Cash Proceeds from an Asset Sale if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 or (2) 0% if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.00 to 1.00.
Applicable Proceeds any and all proceeds of casualty insurance or condemnation held by the Administrative Agent pursuant to the Loan Documents in connection with a casualty or condemnation event for which the conditions for use thereof by the Borrower or any Subsidiary, as set forth in the Loan Documents, shall not have been satisfied.
Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii). “Applicable Rate” means:
Applicable Proceeds means (i) the net cash proceeds received by the Company from the sale of the Company’s messaging business at any time after the Closing, and (ii) up to $15,000,000 of any tax refund amounts received by the Company in the fourth quarter of 2021 related to its 2020 federal income tax return.
Applicable Proceeds shall have the meaning set forth in Section 6(c)(i) hereof.
Applicable Proceeds means Permitted Receivables Transaction Proceeds but excluding in any event proceeds of subsequent sales of Receivables Facility Assets pursuant to a Permitted Receivables Transaction after the initial sale date except to the extent to which the respective sale increases Permitted Receivables Transaction Outstandings under Permitted Receivables Transactions (including for the avoidance of doubt, any Permitted Receivables Transaction entered into prior to the Fifth Amendment and Restatement Effective Date) to an amount in excess of the highest amount of Permitted Receivables Transaction Outstandings previously attained
Applicable Proceeds means any and all cash, securities or other property received by Borrower pursuant to the Settlement Agreement, including any proceeds from the sale of any securities that were received by Borrower pursuant to the terms of the Settlement Agreement.