Excess definition
Examples of Excess in a sentence
Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero.
The Company may satisfy the foregoing obligation with respect to any Excess Proceeds by making an Asset Sale Offer prior to the expiration of the relevant 365-day period or with respect to Excess Proceeds of $50.0 million or less.
Upon completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.
Accordingly, Restricted Payments made during the Suspension Period will not reduce the amount available to be made as Restricted Payments under Section 3.3. On the Reversion Date, the amount of Collateral Excess Proceeds and Excess Proceeds shall be reset at zero.
Excess liability coverage shall be issued with limits of liability which, when combined with the primary insurance, will equal the minimum limits for general liability and automobile liability.