Excess Sale Proceeds definition

Excess Sale Proceeds has the meaning specified in Section 8.8(c)(ii)(B).

Excess Sale Proceeds means Net Proceeds of a Disposition by the Borrower or any of its Restricted Subsidiaries pursuant to Section 7.06(m) that have not been applied within two hundred seventy (270) days after the date of receipt of such Net Proceeds to the purchase of capital assets used in the Present Line of Business.

Excess Sale Proceeds shall have the meaning set forth in Section 7.5(d).

Examples of Excess Sale Proceeds in a sentence

• To the extent that the aggregate purchase price for Senior Notes or other Senior Indebtedness tendered pursuant to such offer to repurchase is less than the aggregate purchase price offered in such offer, an amount of Excess Sale Proceeds equal to such shortfall shall cease to be Excess Sale Proceeds and may thereafter be used for general corporate purposes.

• If the amount of such Excess Sale Proceeds applicable to payment to the Banks hereunder exceeds the amount of the outstandings under the Commitments, the Commitments shall be permanently reduced by such excess, by reduction, first to the Acquisition Commitments and then to the Revolving Commitments, and any such reduction shall be applied to each Bank in accordance with its Pro Rata Share.

• To the extent that the aggregate purchase price for Senior Debentures or other Senior Indebtedness tendered pursuant to such offer to repurchase is less than the aggregate purchase price offered in such offer, an amount of Excess Sale Proceeds equal to such shortfall shall cease to be Excess Sale Proceeds and may thereafter be used for general corporate purposes.

• By entering into this Agreement, Owner acknowledges that County shall have no obligation to reconvey the Performance Deed of Trust or this Agreement unless and until the Excess Sale Proceeds are paid to County.

• Of the 10 children included in the study, the majority grew at average rates.

More Definitions of Excess Sale Proceeds

Excess Sale Proceeds means all of the Cash held by the Debtors’ Estates on each Distribution Date, including the Cash Consideration (as defined in the Asset Purchase Agreement) under the Asset Purchase Agreement, less the amounts used to pay the DIP Claims and Other Secured Claims, if any, in full, in cash, and the amounts used to fund the Professional Claims Reserve, the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Wind-Down Reserve; provided that Excess Sale Proceeds shall exclude any and all (a) proceeds of Avoidance Actions and (b) proceeds of Causes of Action of the Debtors, in each case, that are vested in the Litigation Trust on the Effective Date.

Excess Sale Proceeds is defined in Section 8.2.8(b). -------------------- ----------------

Excess Sale Proceeds means, during any period of determination, Borrower’s proceeds from the sale of assets (except for the sale of Inventory in the ordinary course of business), which is not used by Borrower for the replacement of the assets sold, in excess of $100,000 in the aggregate in any fiscal year of Borrower.

Excess Sale Proceeds shall have the meaning set forth in Section 6G(iii)(c)(II).

Excess Sale Proceeds means, with respect to any Excess Sale Event, either (1) if an Excess Sale Event is deemed to occur pursuant to clause (1) of the definition thereof, the amount by which the Net Proceeds of all such asset sales made during the preceding twelve (12) months exceeds 15% of Consolidated Total Assets as determined at the end of the immediately preceding fiscal year or (2) if an Excess Sale Event is deemed to occur pursuant to clause (2) of the definition thereof, the amount by which the Net Proceeds of all such asset sales made during the preceding thirty-six (36) months exceeds 30% of Consolidated Total Assets as determined at the end of the fiscal year nearest to the date thirty-six (36) months prior to such sale of assets.

Excess Sale Proceeds means any proceeds from the Sale in excess of the amount that is required to pay the AFP Secured Claim.

Excess Sale Proceeds means the Sale Price less the Applicable Option Price and all costs and expenses incurred by Landlord to sell the Premises, including without limitation, prorations, attorney fees, title insurance and transfer taxes.