Collateral Excess Proceeds definition

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

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 has the meaning set forth in Section 4.10.

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

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 means either ABL Collateral Excess Proceeds, Fleet Collateral Excess Proceeds or Excess Proceeds as the context may require.

Collateral Excess Proceeds. The Issuer shall make an offer to all Holders of the Notes and if required by the terms of any Pari Passu Indebtedness, to the Holders of such other Pari Passu Indebtedness (a “Collateral Proceeds Offer”), to purchase the maximum aggregate principal amount of the Notes that is in an amount equal to at least $2,000, that may be purchased out of the Collateral Excess Proceeds at an offer price in cash in an amount equal to 100.0% of the principal amount thereof (or accreted value thereof, if less), plus accrued and unpaid interest, if any, or, in respect of such other Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such other Pari Passu Indebtedness, to the date fixed for the closing of such offer, in accordance with the procedures set forth in this Indenture; provided that the proportion of such Collateral Proceeds Offer allocated to the Notes is at least as great as the proportion of the principal amount of all relevant Pari Passu Indebtedness represented by the Notes. The Issuer shall commence a Collateral Proceeds Offer with respect to Collateral Excess Proceeds within ten Business Days after the date that Collateral Excess Proceeds exceed $15.0 million by delivering the notice required pursuant to this Indenture, with a copy to the Trustee. The Issuer may, at its election, satisfy the foregoing obligations with respect to any Net Proceeds from an Asset Sale by making a Collateral Sale Offer with respect to such Net Proceeds prior to the expiration of the relevant 365-day period (or such longer period provided in Section 4.09(b)).

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