Excess Net Proceeds definition

Excess Net Proceeds has the meaning set forth in Section 2.11(c).

Excess Net Proceeds shall have the meaning set forth in Section 6.4(b)(vii) hereof.

Excess Net Proceeds means Net Cash Proceeds of any Asset Sale not applied in accordance with clause (iii)(x) or (y) of the first paragraph of Section 4.16.

Examples of Excess Net Proceeds in a sentence

• Upon completion of a Net Proceeds Offer, the Excess Net Proceeds relating to such Net Proceeds Offer will be deemed to be zero for purposes of any subsequent Asset Sale.

• Following the occurrence of an Asset Sale, the Company will be required to apply the Excess Net Proceeds therefrom to an offer to purchase outstanding Notes upon the terms set forth in the Agreement.

• The amount of any Net Proceeds of a Disposition that are not applied as set forth above (“Excess Net Proceeds”) shall cause a reduction in the Commitments in the amount of such Excess Net Proceeds in accordance with Section 2.3(a).

• To the extent that the aggregate principal amount of Notes or other pari passu Indebtedness tendered pursuant to the Net Proceeds Offer is less than the Excess Net Proceeds, the Company or such Restricted Subsidiary may use any remaining proceeds of such Asset Sales for general corporate purposes (but subject to the other terms of this Indenture).

• To the extent that the aggregate principal amount of Notes or other pari passu Indebtedness tendered pursuant to the Net Proceeds Offer is less than the Excess Net Proceeds, the Company or such Restricted Subsidiary may use any remaining proceeds of such Asset Sales for general corporate purposes (but subject to the other terms of the Indenture).

More Definitions of Excess Net Proceeds

Excess Net Proceeds means, with respect to any Liquidity Event, the excess, if any, of the Net Proceeds of such Liquidity Event over the sum of the payments permitted to be made pursuant to Section 7.1(b) with respect to such Liquidity Event.

Excess Net Proceeds means an amount equal to the Net Proceeds minus the Aggregate Company SARs/Option Holder Closing Date Payment; provided, that if number resulting from such calculation is negative, the Excess Net Proceeds shall be deemed to be zero.

Excess Net Proceeds has the meaning provided in Section 7.6(g).

Excess Net Proceeds means, with respect to any Subsidiary ------------------- Dissolution made pursuant to Section 8.3(a)(ii) or any Asset Disposition made pursuant to Section 8.3(c)(vii), the Net Proceeds of such Subsidiary Dissolution or Asset Disposition, as applicable, which, together with the Net Proceeds of all other dissolutions, liquidations or windings up pursuant to Section 8.3(a)(ii) for the period from the Closing Date through and including the date of such Subsidiary Dissolution or Asset Disposition, as applicable, and the Net Proceeds of all other sales, leases, transfers or other dispositions pursuant to Section 8.3(c)(vii) for the period from the Closing Date through and including the date of such proposed Subsidiary Dissolution or Asset Disposition, as applicable, exceed 30% of the Book Value of the Consolidated Subsidiaries as of the most recent Calculation Date preceding such Subsidiary Dissolution or Asset Disposition, as applicable, with respect to which the Agent shall have received the Required Financial Information.

Excess Net Proceeds shall have the meaning set forth in SECTION 5.8.

Excess Net Proceeds. Section 1(k)(i) “FTI HK” Section 55(bb)

Excess Net Proceeds is defined in Section 6.2(E).