Excluded Asset Sale definition

Excluded Asset Sale means (a) sales, transfers, leases or other dispositions in the ordinary course of business, (b) Casualty Events, (b) sales, transfers, leases or other dispositions among the Borrower and/or its Subsidiaries, (c) other sales, transfers, leases or other dispositions the Net Cash Proceeds of which do not exceed $75,000,000 in the aggregate, (d) leasing transactions or Sale and Lease-Back Transactions and (e) Foreign Asset Sales.

Excluded Asset Sale each of the following transactions:

Excluded Asset Sale means (a) the unwinding of hedging arrangements, (b) the sale or other disposition of accounts receivable as part of collection or as part of any factoring, financing or similar transaction (including any Receivables Securitization), (c) the sale or other disposition of inventory or assets to the Borrower or any of its Subsidiaries, (d) any sale or other disposition of assets in the ordinary course of business (as reasonably determined in good faith by the Borrower), (e) any sale or other disposition of assets pursuant to a contract or arrangement in effect as of the date hereof and (f) any other sale or other disposition of assets the Net Cash Proceeds of which do not exceed $1,000,000,000 in any single transaction or series of related transactions.

Examples of Excluded Asset Sale in a sentence

• Except for Permitted Liens, and except with respect to any Excluded Asset Sale, the Borrowers shall not enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets to secure the Obligations, whether now owned or hereafter acquired.

• Solely for purposes of this Section 5.6, Securitization Subsidiaries shall be deemed to be "Subsidiaries" of the Borrower, and the sale or contribution of assets to a Securitization Subsidiary, together with the issuance of Securitization Securities, shall be deemed to be an incurrence of Indebtedness (and not an Excluded Asset Sale or otherwise subject to Section 5.6(b)).

• Notwithstanding the foregoing, during the existence of a Default, if the Borrower or any Subsidiary shall consummate any Asset Sale (other than an Excluded Asset Sale) in which the sale price exceeds $100,000, or shall not have so reinvested proceeds of any such Asset Sale consummated prior to the occurrence of such a Default, then the Borrower shall immediately make or cause to be made a mandatory prepayment in an amount equal to 100% of such Net Cash Proceeds.

• All Net Proceeds of any Asset Sale (other than Excluded Asset Sale and Liquidation Proceeds) which are not applied in the manner described in clause (1) or (2) of the preceding sentence within the applicable time period specified in the preceding sentence shall be deposited into the Mandatory Redemption Escrow Account within three (3) London Business Days after the expiration of the applicable time period specified in the preceding sentence.

• The Issuer shall deposit or cause to be deposited all Liquidation Proceeds (other than Excluded Asset Sale and Liquidation Proceeds) and all Net Proceeds of Asset Sales described in Section 4.05 (Purchase and Cancellation of Notes) into the Mandatory Redemption Escrow Account within five (5) London Business Days following receipt.

More Definitions of Excluded Asset Sale

Excluded Asset Sale with respect to DW Animation and its Subsidiaries, (a) any sale or other disposition of assets in the ordinary course of business, (b) any sale or other disposition of rights in films (or participations therein) and (c) any sale or other disposition of accounts receivable.

Excluded Asset Sale means (a) the disposition of cash or cash equivalents or other assets classified as current assets on the consolidated balance sheet of the Company, (b) the sale, exchange or other disposition of accounts or notes receivable, (c) the disposition of assets to the Company or any of its subsidiaries, (d) the disposition of assets by any Regulated Subsidiary (as defined below), (e) dispositions with net cash proceeds individually of up to $50 million or in aggregate of up to $150.0 million, (f) ordinary course of business asset dispositions and (g) dispositions for which the proceeds are reinvested in other assets within six months following receipt (or, in the case of casualty or condemnation proceeds, applied in the repair or replacement of the affected assets within such period as may be reasonably required).

Excluded Asset Sale has the meaning assigned to such term in Section 2.05(c)(iii).

Excluded Asset Sale means with respect to the Borrower and its Subsidiaries:

Excluded Asset Sale means any Asset Sale permitted pursuant to (i) clauses (a) through (h) of Section 9.09, and (ii) to the extent (but only to the extent) (x) such Asset Sale is consummated during the period from the Third Amendment Effective Date to December 31, 2017 and (y) is permitted pursuant to the proviso to Section 3.03(b)(i), clause (j) of Section 9.09.

Excluded Asset Sale means each of the following Asset Sales:

Excluded Asset Sale means any sale, transfer or other disposition of Collateral where the Net Cash Proceeds of such sale, transfer or other disposition would not cause the aggregate amount of Asset Sales completed on or after November 1, 2005, to exceed $100,000 or the Dollar Equivalent thereof.