Asset Sales Proceeds Account definition

Asset Sales Proceeds Account means one or more Deposit Accounts or Securities Accounts holding only the proceeds of any sale or disposition of any Term Loan Priority Collateral and the Proceeds of investment thereof.

Asset Sales Proceeds Account means one or more Deposit Accounts or Securities Accounts holding only the proceeds of any sale or disposition of any Cash Flow Priority Collateral and the Proceeds of investment thereof.

Asset Sales Proceeds Account as defined in the Intercreditor Agreement.

Examples of Asset Sales Proceeds Account in a sentence

• Establishment of each of the Spectrum Cash Account, the Cash Reserve Account and the Asset Sales Proceeds Account at a financial institution reasonably satisfactory to Holders; delivery to the Collateral Agent of one or more Account Control Agreements covering each such account; and funding of the Cash Reserve Account in accordance with Section 5.25 hereof.

• All proceeds of activities permitted by this Section 5.2(b) will be deposited into the Asset Sales Proceeds Account and disbursed therefrom in accordance with Section 4.7 of the Disbursement Agreement, other than proceeds from the sale of Products or from Commodity Management Plan Arrangements, or otherwise from sales or other dispositions in the ordinary course of business, each of which shall be deposited into the Project Revenues Account.

• Upon completion of the purchase of all the Notes tendered pursuant to an Offer and repurchase of the Additional Second Lien Debt pursuant to a Additional Second Lien Debt Offer, the amount of Excess Proceeds, if any, shall be reset at zero.Except any Excess Proceeds deposited in an Asset Sales Proceeds Account, Excess Proceeds may be invested in Temporary Cash Investments or used to temporarily repay amounts outstanding under a revolving credit facility until they are applied as provided above.

• From and after the first Term Loan Funding Date, all proceeds of activities permitted by this Section 5.2(b) will be deposited into the Asset Sales Proceeds Account and disbursed therefrom in accordance with the Disbursement Agreement, other than proceeds from the sale of Products or from Commodity Management Plan Arrangements, or otherwise from sales or other dispositions in the ordinary course of business, each of which will be deposited into the Project Revenues Account.

• For the Interim Period, the Group’s gross rental revenue, including attributable share from associates and joint ventures, was HK$1,842.9 million (2019: HK$2,107.4 million), representing a decrease of 12.6% year-on- year.

More Definitions of Asset Sales Proceeds Account

Asset Sales Proceeds Account means one or more Deposit Accounts or Securities Accounts holding the proceeds of any sale or other disposition of any Term Facility First Priority Collateral (and only such Term Facility First Priority Collateral) that are required to be held in such account or accounts pursuant to the terms of the Term Loan Documents and any Deposit Accounts or Securities Accounts into which the proceeds of any Recovery Event (as defined in the Term Loan Agreement) with respect to Term Facility First Priority Collateral (and only such Term Facility First Priority Collateral) are deposited.

Asset Sales Proceeds Account has the meaning assigned to such term in Section 10.03.

Asset Sales Proceeds Account means the collateral account referred to as such in the last paragraph of Section 2.10(b)(v).

Asset Sales Proceeds Account means one or more deposit accounts established and maintained by and in the name of the Company and under the control of the Credit Agreement Agent and the Trustee in accordance with Article 10 hereof for the purpose of holding any Net Cash Proceeds from the sale or other disposition of property or assets constituting Note First Lien Collateral in accordance with Section 4.10 hereof.

Asset Sales Proceeds Account means one or more Deposit Accounts or Securities Accounts, in each case with a First Lien Notes Agent, holding only the proceeds of any sale or disposition of any Non-ABL Priority Collateral and the proceeds or investment thereof. “Bank of America” shall have the meaning assigned to that term in the introduction to this Agreement. “Bank Products” shall have the meaning provided in the ABL Credit Agreement as in effect on the date hereof. “Bank Products Documents” shall have the meaning provided in the ABL Credit Agreement as in effect on the date hereof. “Bankruptcy Code” means Title 11 of the United States Code, as amended. “Borrower” shall mean any of the ABL Borrowers and the First Lien Notes Issuer. [ “Canadian Collateral” means all assets of Canadian Subsidiaries of the Parent Borrower.] [“Canadian Subsidiary” shall mean “Canadian Loan Party”, as defined in the Original ABL Credit Agreement.] “Capital Stock” shall mean: (1) in the case of a corporation, corporate stock or shares; (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (3) in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. “Cash Collateral” shall mean any Collateral consisting of Money or Cash Equivalents, Deposit Accounts, Instruments, any Security Entitlement and any Financial Assets. “Cash Equivalents” shall mean (a) U.S. dollars, pounds sterling, euros, Canadian dollars, the national currency of any member state in the European Union or such other local currencies held by the

Asset Sales Proceeds Account will have the meaning set forth in Section 2.2(a) of the Disbursement Agreement (from and after its entry into force).

Asset Sales Proceeds Account means one or more deposit accounts established and maintained by and in the name of the Trustee and under the sole dominion and control of the Trustee for the purpose of holding any Net Proceeds from the sale or other disposition of property or assets constituting Note Priority Lien Collateral.