Asset Sale Amount definition

Asset Sale Amount shall have the meaning specified in Section 4.14.

Asset Sale Amount means, for any fiscal year of the Company (without carryover to any ensuing fiscal year of the Company), an amount equal to 7.5% of the consolidated tangible assets of the Company and its Subsidiaries as of either (i) for any fiscal year, until delivery of the annual financial statements for the preceding fiscal year, the last day of the third quarter of such preceding fiscal year and (ii) thereafter, the last day of the immediately preceding fiscal year.

Asset Sale Amount means, with respect to any sale of any Partnership asset other than in the ordinary course of business, an amount equal to the greater of (a) the net book value of such asset as shown on the most recent audited balance sheet of the Partnership and (b) the net proceeds (including cash and the value of property received) realized by the Partnership upon the sale or other disposition of such asset.

Examples of Asset Sale Amount in a sentence

• Unless otherwise terminated as a result of clause (b) of the definition of the Asset Sale Termination Date, the Borrowing Base will be reduced by the Net Asset Sale Amount on the first anniversary of the Effective Date.

• Allocation of Asset Sale Amount to the Construction Contract is US$1.

• Allocation of Asset Sale Amount to the Operations and Maintenance Agreements is US$1.

• Upon expiration of the Asset Sale Offer Period, the Company shall apply the Asset Sale Amount, plus an amount equal to accrued interest to the purchase of all Indebtedness properly tendered (on a pro rata basis as described above if the Asset Sale Amount is insufficient to purchase all Indebtedness so tendered) at the Asset Sale Offer Price (together with accrued interest).

• Any remaining Asset Sale Amount after the Asset Sale Offer and Optional Redemption will continue to be part of the security package for the Notes and can be used to pay PIK interest on the Notes in cash, make certain investments, acquisitions or other payments according to the terms contained in the Indenture.

More Definitions of Asset Sale Amount

Asset Sale Amount means, as of any date, the sum of (a) the aggregate purchase price of all Asset Sales consummated by Vitro and its Subsidiaries on or prior to such date but after the date hereof and (b) the aggregate purchase price to be received by Vitro and its Subsidiaries upon or after consummation of Asset Sales for which bona fide definitive sale and purchase agreements have been entered into and are in effect at such date with third parties unaffiliated with Vitro (except for any affiliation solely as a result of a joint ownership of a Subsidiary or other joint venture of Vitro and its Subsidiaries or its status as a licensor or licensee).

Asset Sale Amount means the amount of Eleven Million Three Hundred and Ninety Thousand Six Hundred and Twenty-Nine United States Dollars (US$11,390,629) denoting the agreed value of the Specified Assets.

Asset Sale Amount has the meaning specified in Section 2.3.

Asset Sale Amount is defined in Section 5.2(a)(iii)(C).

Asset Sale Amount in respect of any Asset Sale means an amount equal to the remainder of (1) the amount of Net Cash Proceeds received from such Asset Sale, minus (2) the amount applied to Permitted Applications within 360 days after receipt of Net Cash Proceeds.

Asset Sale Amount means, on any date in respect of any Term Loan, an amount which is the product of (a) a fraction (expressed as a percentage), the numerator of which is the aggregate outstanding principal amount of Term Loans and the denominator of which is the sum of the aggregate outstanding principal amount of Term Loans PLUS the aggregate outstanding principal amount of 1997 Senior Notes MULTIPLIED BY (b) the aggregate amount of Excess Proceeds from Asset Sales required to be applied pursuant to SECTION 7.2.6 to prepay Term Loans.

Asset Sale Amount is defined in Section 10.5(c).