Asset Disposition Net Proceeds definition

Asset Disposition Net Proceeds means with respect to any Property, the proceeds of sale, transfer or other disposition of such Property or interest, consisting of total sales price thereof and any other receipts, compensation or other consideration paid or arising from such sale, transfer or disposition, including any post-closing funds paid under post-closing adjustments, less reasonable bona fide third party costs of closing paid by the applicable Loan Party and excluding amounts deducted from the purchase price to pay for contingent liabilities or otherwise escrowed or held back from the purchase price paid.
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Asset Disposition Net Proceeds the proceeds of any Asset Disposition, net of (a) brokerage commissions and other commissions, fees and expenses (including fees and expenses of counsel, accountants and investment bankers) related to such Asset Disposition and (b) a reserve for taxes payable as a result of such Asset Disposition.
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Asset Disposition Net Proceeds means, with respect to any Expanded Property or any direct or indirect partnership, membership or other direct or indirect interest in any owner of any direct or indirect interest in any Expanded Property, the proceeds of the sale, transfer or other disposition of such Expanded Property or interest, consisting of the total sales price thereof and any other receipts, compensation or other consideration paid or arising from such sale, transfer or disposition (including any post-closing funds paid under post-closing adjustments), less reasonable and bona fide third-party costs of closing paid by the Borrower Group Member which is selling such Expanded Property or interest which are approved in writing by Lender; provided, that in no event shall any closing costs be paid to any Borrower Group Member or their Affiliates.
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Examples of Asset Disposition Net Proceeds in a sentence

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, the Release Price set forth on Schedule 8.5(a) to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, an amount equal to the outstanding balance of the Loan to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not reinvested within two hundred ten (210) days of receipt in Telecommunications Assets in which the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 210 day period in an amount equal to all such proceeds not so used.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not used within 180 days of receipt for the purchase of Equipment from Nortel or, to the extent permitted herein, any other Person, in which Equipment the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 180 day period in an amount equal to all such proceeds not so used.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan (together with interest accrued on the portion of the Loan prepaid, including Deferred Interest allocable to the portion of the Loan prepaid) and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

Related to Asset Disposition Net Proceeds

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

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

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Asset Sales means any sale, issuance, conveyance, transfer, lease, assignment or other disposition by any Borrower to any Person (including by means of a sale and leaseback transaction or a merger or consolidation or similar transaction and including any sale or issuance of the equity interests of any Borrower) (collectively, for purposes of this definition, a “transfer”), in one transaction or a series of related transactions, of any assets of any Borrower; provided, that for purposes of this definition, the term “Asset Sale” shall not include:

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Noncash proceeds means proceeds other than cash proceeds.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • 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.

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

  • Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

  • Net Asset Sale Proceeds means, with respect to any Asset Sale, Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received from such Asset Sale, net of any bona fide direct costs incurred in connection with such Asset Sale, including (i) income taxes reasonably estimated to be actually payable within two years of the date of such Asset Sale as a result of any gain recognized in connection with such Asset Sale and (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale.

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of, (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by the Company from such Event of Loss net of: