Collateral Excess Proceeds definition

Collateral Excess Proceeds has the meaning set forth under Section 4.10(h) hereof.

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Collateral Excess Proceeds. 4.06(b) “covenant defeasance option” 8.01 “Covenant Suspension Event” 4.13(a) “Custodian” 6.01 “Default Direction” 6.01

Collateral Excess Proceeds. 4.10(h) “Issuer Authentication Order” 2.02 “Covenant Defeasance” 8.03 “DTC” 2.03 “Event of Default” 6.01(a)

Examples of Collateral Excess Proceeds 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 completion of any such Collateral Asset Sale Offer, the amount of Collateral Excess Proceeds shall be reset at zero.

• Upon consummation of such Collateral Asset Sale Offer, any Net Proceeds not required to be used to purchase Notes shall not be deemed Collateral Excess Proceeds and the Issuer and its Restricted Subsidiaries may use any remaining Net Proceeds for general corporate purposes, subject to the other covenants contained in the Indenture.

• If the aggregate principal amount of Notes or the Parity Lien Debt surrendered by such holders thereof exceeds the amount of Collateral Excess Proceeds, the Notes and such Parity Lien Debt will be purchased on a pro rata basis based on the accreted value or principal amount of the Notes or such Parity Lien Debt tendered.

• 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 Collateral Excess Proceeds or Excess Proceeds.

More Definitions of Collateral Excess Proceeds

Collateral Excess Proceeds has the meaning set forth in Section 2.05(b)(i)(B)(1).

Collateral Excess Proceeds. The Issuers shall make an offer to all Holders of the Notes and, if required by the terms of any Term Obligations or obligations secured by a Lien permitted under this Indenture (which Lien is not subordinate to the Lien of the Notes with respect to the Collateral), to the holders of such Term Obligations or such other obligations (a “Collateral Disposition Offer”), to purchase the maximum aggregate principal amount of the Notes and such Term Obligations or such other obligations that may be purchased out of the Collateral Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event such Term Obligations (other than the Notes) were issued with significant original issue discount in connection with accreting or pay-in-kind Indebtedness, 100% of the accreted value thereof), plus accrued and unpaid interest and additional interest thereon, if any (or, in respect of other Term Obligations, such lesser price, if any, as may be provided for by the terms of such other Term Obligations), to the purchase date fixed for such offer, in accordance with the procedures set forth in Section 3.06 for an Offer to Purchase. The Issuers will commence a Collateral Disposition Offer with respect to Collateral Excess Proceeds within 10 Business Days after the date that Collateral Excess Proceeds exceed $20.0 million by mailing written notice to all Holders of the Notes in accordance with the procedures set forth in Section 3.06 for an Offer to Purchase, and, if required, such notice as is required to the holders of such Term Obligations or such other obligations as referred to in this paragraph, with a copy to the Trustee.

Collateral Excess Proceeds. 4.10 (h) “Covenant Defeasance” 8.03 “DTC” 2.03 “Event of Default” 6.01 (a) “Excess Proceeds” 4.10 (d) “incur” 4.09 (a) “Issuer Authentication Order” 2.02 “Legal Defeasance” 8.02 “Note Register” 2.03 “Offer Amount” 3.09 (b) “Offer Period” 3.09 (b) “Paying Agent” 2.03 “Purchase Date” 3.09 (b) “Redemption Date” 3.07 (a) “Refinancing Indebtedness” 4.09 (b)(13) “Refunding Capital Stock” 4.07 (b)(2) “Registrar” 2.03 “Restricted Payments” 4.07 (a) “Second Commitment” 4.10 (b) “Treasury Capital Stock” 4.07 (b)(2) Section 1.03 [Intentionally Omitted].

Collateral Excess Proceeds shall have the meaning given thereto in Section 5(o)(5) hereof.

Collateral Excess Proceeds means, with respect to an Asset Disposition of Collateral, the product of (A) the excess of (x) the amount of remaining Applicable Proceeds at the expiration of the Proceeds Application Period over (y) the Applicable Proceeds Threshold Amount times (B) the Applicable Percentage in effect at such time.

Collateral Excess Proceeds. 4.10(g) “Change of Control Offer” 4.14

Collateral Excess Proceeds with respect to any Asset Sale of Collateral, or “Excess Proceeds” with respect to any Asset Sale of assets, rights or Equity Interests that do not constitute Collateral, except the amount of Collateral Excess Proceeds or Excess Proceeds, as the case may be, will be reduced by the aggregate principal amount of the Notes offered to be purchased in an offer pursuant to Section 4.10(b)(1).