Collateral Asset Sale means an Asset Sale of (i) any Collateral or (ii) any assets of Notes PropCo or Extended Term Loan PropCo.
Collateral Asset Sale means any Asset Sale (provided, however, that any exchange of assets under clause (8) of the definition of Asset Sales shall only be for new assets that immediately thereof constitute Collateral and have been pledged and perfected on a first-priority basis on the date of exchange) of any Collateral, or a series of related Asset Sales by the Company or any of its Subsidiaries involving the Collateral, other than (i) the sale for Fair Market Value of machinery, equipment, furniture or implements or other similar property that may be defective or may have become worn out or obsolete or no longer used or useful in the operations of the Company or (ii) sales of inventory in the ordinary course of business. A Collateral Asset Sale will not include an Event of Loss.
Collateral Asset Sale means the sale, lease, conveyance, transfer, investment or other disposition of any assets constituting Collateral by the Company or any of its Subsidiary Guarantors that own Collateral; but expressly excluding the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and the Subsidiary Guarantors taken as a whole (which is governed by Section 8.01). Notwithstanding the preceding provisions, none of the following will be deemed to be a Collateral Asset Sale:
Examples of Collateral Asset Sale in a sentence
Upon completion of any such Collateral Asset Sale Offer or Asset Sale Offer, the amount of Collateral Excess Proceeds or Excess Proceeds, as the case may be, shall be reset at zero.
Upon consummation of such Collateral Asset Sale Offer or Asset Sale Offer, any Net Proceeds not required to be used to purchase Notes shall not be deemed Excess Proceeds.
Upon completion of any such Collateral Asset Sale Offer, the amount of Collateral Excess Proceeds shall be reset at zero.
The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Collateral Asset Sale Offer.
The Issuer shall publicly announce the results of the Collateral Asset Sale Offer on or as soon as practicable after the Collateral Purchase Date.
More Definitions of Collateral Asset Sale
Collateral Asset Sale means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance, transfer, grant of an exclusive license (as licensor or sublicensor), or other disposition to, or any exchange of property with, any Person (other than to or with a Borrower), in one transaction or a series of transactions, of all or any part of the Collateral. For purposes of clarification, “Collateral Asset Sale” shall include (x) the sale or other disposition for value of any contracts and (y) the early termination or modification of any contract resulting in the receipt by any Borrower of a Cash payment or other consideration in exchange for such event (other than payments in the ordinary course for accrued and unpaid amounts that would have been due through the date of termination or modification without giving effect thereto).
Collateral Asset Sale shall include (x) the sale or other disposition for value of any contracts and (y) the early termination or modification of any contract resulting in the receipt by any Borrower of a Cash payment or other consideration in exchange for such event (other than payments in the ordinary course for accrued and unpaid amounts that would have been due through the date of termination or modification without giving effect thereto).
Collateral Asset Sale means any direct or indirect sale, conveyance, lease, transfer or other disposition, including, without limitation, by means of an amalgamation, merger, consolidation or similar transaction (each, a "Disposition"), or a series of related Dispositions by the Company or any of its Restricted Subsidiaries involving the Collateral, other than (i) the sale of machinery, equipment, furniture, apparatus, tools or implements or other similar property that may be defective or may have become worn out or obsolete or no longer used or useful in the operation of Fab 25, the aggregate fair market value of which does not exceed $10.0 million in any year or (ii) the sale or exchange of equipment in an alteration or improvement at Fab 25 with an aggregate value not to exceed $25.0 million at any one time provided such equipment has been replaced by equipment of equal or greater value within 45 days of such sale or exchange. A Collateral Asset Sale shall not include the requisition of title to or the seizure, condemnation, forfeiture or casualty of any Collateral.
Collateral Asset Sale means the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of Collateral. Notwithstanding the foregoing, a disposition of Collateral upon the terms and conditions set forth in Section 11.03(a) shall not be considered a Collateral Asset Sale.
Collateral Asset Sale means, at any date, any sale, transfer or other disposition of any Collateral that (a) constitutes a “Collateral Asset Sale” under the terms of the Indenture and (b) is otherwise permitted by the applicable provisions, if any, of each of the Voting Creditor Documents as of such date (after giving effect to any waivers or amendments thereto), and the net proceeds of which are required by any such Voting Creditor Document to be held as Collateral by the Collateral and Intercreditor Agent in the Proceeds Account.
Collateral Asset Sale. Offer” 4.10(c) “Collateral Excess Proceeds” 4.10(a) “Collateral Excess Proceeds Threshold” 4.10(c) “Covenant Defeasance” 4.10(c) 8.03 “Covenant Suspension Event” 4.17(a) “Declined Collateral Proceeds” 4.10(c) “Excess Proceeds Threshold” 4.10(d) 2.03 “Fixed Charge Coverage Test” 6.01 4.10(a) “ Declined Proceeds” 4.10(d) “DTC 4.07(b) “Event of Default” 4.10(b) “Excess Proceeds” 4.07(xv)(c) “Foreign Disposition” “Highest Owner Tax Amount” “Increased Amount” 4.12 “incur” and “incurrence” 4.09(a) “LCT Election” 1.06 “LCT Test Date” 1.06 “Legal Defeasance” 8.02 “Note Register” 2.03 “Offer Amount” 3.08(b) “Offer Period” 3.08(b) “Pari Passu Indebtedness” 4.10(d) “Paying Agent” 2.03 “Purchase Date” 3.08(b) “Redemption Date” 3.01 “Refinancing Indebtedness” 4.09(b) “Refunding Capital Stock” 4.07(b)(ii) “Related Person” 12.07(b) “Registrar” 2.03 “Reserved Indebtedness Amount” 4.09(c)(vi) “Restricted Payments” 4.07(a) “Reversion Date” 4.17(c) “Second Commitment” 4.10(b) “Security Document Order” 12.07(r) “Subject Lien” 4.12 “Successor Company” 5.01(a) “Successor Person” 5.01(f) “Suspended Covenants” 4.17(a) “Suspension Date” 4.17(a) “Suspension Period” 4.17(c) “Transfer Agent” 2.03 “Treasury Capital Stock” 4.07(b) “Trustee” 8.05
Collateral Asset Sale. Offer or Asset Sale Offer and (z) deliver or cause to be delivered to the Trustee Notes so accepted together with an Officers' Certificate stating the Notes or portions thereof tendered to the Company. If the aggregate purchase price of all Notes properly tendered exceeds the maximum amount of Collateral Excess Proceeds or Excess Proceeds, as applicable, required to be applied to such Collateral Asset Sale Offer or Asset Sale Offer, as applicable, the Notes or portions thereof to be purchased shall be selected pursuant to Section 3.02 hereof. The Paying Agent shall promptly mail to each Holder of Notes so accepted for payment a check in an amount equal to the aggregate purchase price of the Notes purchased by the Company from such Holder and the Trustee shall promptly authenticate and mail to each Holder a new Note of the same series equal in principal amount to any unpurchased portion of any Note surrendered, if any, or return any unpurchased Note to such Holder; provided, however, that each such new Note shall be in a principal amount of $1,000 or an integral multiple thereof. The Company shall publicly announce in a newspaper of national circulation or in a press release provided to a nationally recognized financial wire service the results of the Collateral Asset Sale Offer or Asset Sale Offer, as applicable, on the payment date. Other than as specifically provided in this Section 3.09, each purchase pursuant to this Section 3.09 shall be made pursuant to the provisions of Sections 3.01, 3.02, 3.05 and 3.06 hereof.