Examples of Excluded Disposal in a sentence
For the avoidance of doubt, where proceeds of such a transaction (or series of related transactions) are equal to or exceed EUR 2,000,000 such proceeds will not be Excluded Disposal Proceeds and must be applied in mandatory prepayment of the Loans in accordance with this Agreement.
Turnover letters from each addressee of a due diligence report referred to in 8 and 9 above pursuant to which each addressee agrees to turnover an amount in cash equal to the amount of any Acquisition Proceeds (excluding any Excluded Disposal Proceeds) to the Borrower (on terms permissible by the Finance Documents) to enable the Borrower to make any prepayment required under the Principal Facility Agreement (as amended and restated in accordance with the terms of this Supplemental Agreement).
Turnover letters from each addressee of a due diligence report referred to in 8 and 9 above pursuant to which each addressee agrees to turnover an amount in cash equal to the amount of any Acquisition Proceeds (excluding any Excluded Disposal Proceeds) to the Borrower (on terms permissible by the Finance Documents) to enable the Borrower to make any prepayment required under the Principal Facilities Agreement (as amended and restated in accordance with the terms of this Fourth Supplemental Agreement).
Where Excluded Disposal Proceeds are intended to be used for a specific purpose within a specified period, the Company shall ensure that those amounts are used for that purpose and, if requested to do so by the Agent, shall promptly deliver a certificate to the Agent at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.