Collateral Sale definition

Collateral Sale means any sale of Collateral or series of related sales of Collateral having an Appraised Value in excess of $25,000,000.

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Collateral Sale means the Disposition of any Collateral.

Collateral Sale shall have the meaning set forth in Section 11.14.

Examples of Collateral Sale in a sentence

• Such release shall not be subject to the consent of any Bank, and the Administrative Agent shall be fully protected in relying on a certificate of an Obligor as to whether any particular transaction consummated by such Obligor constitutes a Permitted Collateral Sale.

• The date of the intended sale of Collateral (the “Intended Collateral Sale Date”) need not be specified in the Collateral Sale Notice but shall be a date after the related Class B Purchase Right Termination Date described in Section 6.3(B).

• Such right of first refusal shall terminate not later than 4:00 p.m. on the twelfth Business Day following the Collateral Sale Notice Date.

• Upon completion of each Collateral Sale Offer, the amount of Excess Collateral Proceeds will be reset at zero.

• The offer price in any Collateral Sale Offer will be equal to 100% of the principal amount plus accrued and unpaid interest, to, but excluding, the date of purchase, and will be payable in cash.

More Definitions of Collateral Sale

Collateral Sale means any sale of Collateral or series of related sales of Collateral having a Fair Market Value in excess of

Collateral Sale means any sale of Collateral; provided that, for the avoidance of doubt, a Permitted Disposition shall not constitute a Collateral Sale.

Collateral Sale means the Disposition of any Shared Collateral other than a TAP Bond Event (it being understood that the net proceeds of a TAP Bond Event shall be required to be applied in accordance with the terms of the New First Out Notes Indenture and the Superpriority Notes Indenture).

Collateral Sale means any sale, issuance, conveyance, transfer or other disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a "transfer"), directly or indirectly, in one or a series of related transactions, of Collateral. For the purposes of this definition, the term "Collateral Sale" shall not include:

Collateral Sale means the Disposition (whether in a single transaction or a series of related transactions) of property or assets constituting Collateral (including by way of Production Payments and Reserve Sales, but not by way of Sale/Leaseback Transactions and including by way of any Disposition of a Credit Party; for the avoidance of doubt, excluding any assets or property not constituting Collateral) (other than an operating lease entered into in the ordinary course of the Oil and Gas Business) (each referred to in this definition as a “disposition”); but the term “Collateral Sale” shall exclude:

Collateral Sale is defined in Section 2.6.

Collateral Sale means any sale of Collateral or series of related sales of Collateral having a Fair Market Value in the aggregate in excess of $20,000,000; provided that, for the avoidance of doubt, a Permitted Disposition shall not constitute a Collateral Sale.