ATS Sale definition
ATS Sale means the sale by the Company and/or its Subsidiaries of assets related to the business operations of the Company and/or its Subsidiaries primarily used in providing voice services, Internet access and cable services through its Advanced Telecommunications Services division to residential and business customers in Cedar Rapids, Iowa and Marion, Iowa, and transactions related thereto.
Examples of ATS Sale in a sentence
Within 60 days following the consummation of the ATS Sale, the Company may, at its option, redeem all or a portion of the Notes in an aggregate principal amount not exceeding the amount of ATS Sale Proceeds received in the ATS Sale at a Redemption Price equal to 100% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, thereon to the Redemption Date.