Excluded Dispositions definition

Excluded Dispositions means sales or other dispositions of Investments, assets and businesses or portions thereof acquired in (or developed from) Investments (or that are constituent components thereof) made pursuant to clauses (8) and (13) of the definition of Permitted Investments; provided that for the purpose of Section 4.07 hereof, there shall be excluded from any increase in the amount of Restricted Payments permitted pursuant to clause (3)(d) of Section 4.07(a) hereof the amount that any such sale or other disposition reduces the aggregate fair market value under clause (8) and (13) of the definition of Permitted Investments that are at that time outstanding.
Excluded Dispositions. Dispositions of inventory in the ordinary course of business;
Excluded Dispositions collectively:

Examples of Excluded Dispositions in a sentence

  • Pending final application of the Net Cash Proceeds of any Disposition (other than Excluded Dispositions), the Consolidated Parties shall not use such Net Cash Proceed for any purpose other than to temporarily reduce the Revolving Loans or to make Investments in Cash Equivalents.

  • Subject to Section 2.08(a)(i) and (ii) below, upon the receipt of any Net Cash Proceeds of any Disposition (other than Excluded Dispositions) by the Company or any of its Subsidiaries, the Company shall promptly prepay the Term Loans in an amount equal to 100% of such Net Cash Proceeds.

  • Make any Disposition or enter into any agreement to make any Disposition, except Excluded Dispositions and Dispositions made pursuant to the Approved Asset Disposition Program.

  • Neither Borrower nor any Restricted Subsidiary shall make any Dispositions except for Excluded Dispositions; provided, however, that no Disposition shall be for less than the fair market value of the Property or equity securities being disposed of by Borrower or such Restricted Subsidiary.


More Definitions of Excluded Dispositions

Excluded Dispositions means the sale, transfer, or other disposition of (a) any motor vehicles or other equipment no longer used or useful in the business of the Borrower or any of its Restricted Subsidiaries, (b) any inventory, materials and other assets in the ordinary course of business and on ordinary business terms, and (c) Cash Equivalents described in clause (a) of the definition thereof.
Excluded Dispositions means (i) dispositions of assets in the ordinary course of business, (ii) dividends and distributions permitted by Section 5.02(c), (iii) dispositions to the Borrower or a Subsidiary of the Borrower, (iv) dispositions constituting investments and capital contributions, (v) dispositions of any fixed or capital asset pursuant to a sale/leaseback transaction which is consummated within 180 days of the Borrower or such Subsidiary acquiring or completing the construction of such asset and (vi) any Securitization Transaction.
Excluded Dispositions means (i) Dispositions for fair market value resulting in no more than $1.0 million in aggregate proceeds in any fiscal year; (ii) an exchange of equipment or inventory for other equipment or inventory, provided that the Company effecting such exchange receives at least substantially equivalent value in such exchange for the Property disposed of; (iii) any transaction permitted by Section 9.06 (other than clause (g) and (h) thereof), any Lien permitted by Section 9.07 and any Investment permitted by Section 9.09; (iv) any issuance of Equity Interests by any Subsidiary to directors or nominees if required by applicable law if resulting in DE MINIMIS proceeds; and (v) the sale of inventory in the ordinary course of business.
Excluded Dispositions means (i) Dispositions for fair market --------------------- value resulting in no more than $500,000 in proceeds in any fiscal year; (ii) an exchange of equipment or inventory for like equipment or inventory, provided that the Person effecting such exchange receives substantially equivalent value in such exchange for the Property disposed of; (iii) any transaction permitted by Section 9.06 (other than clauses (g) and (n) thereof), any Lien permitted by Section 9.07, any Investment permitted by Section 9.09 and any Dividend Payment permitted by Section 9.10; (iv) any issuance of Equity Interests by any Subsidiary to directors to qualify directors if required by applicable law if resulting in de minimis proceeds; and (v) the sale of inventory in the ordinary -- ------- course of business.
Excluded Dispositions means (i) Dispositions for fair market value resulting in no more than $100,000 in aggregate proceeds per Disposition (or series of related Dispositions) and other Dispositions resulting in up to $5.0 million in aggregate proceeds in any fiscal year (which $5.0 million shall not include any such $100,000 or less Disposition or series of related Dispositions); (ii) an exchange of equipment or inventory for other equipment or inventory, provided that the Company effecting such exchange receives at least substantially equivalent value in such exchange for the Property disposed of; (iii) any transaction permitted by Section 9.06 (other than clause (g), (n), (o) or (q) thereof), any Lien permitted by Section 9.07 and any Investment permitted by Section 9.09; (iv) any issuance of Equity Interests by any Subsidiary or Unrestricted Subsidiary to directors or nominees if required by applicable law if resulting in de minimis proceeds; and
Excluded Dispositions means the Dispositions by the Borrower and its Subsidiaries of all or substantially all of the Equity Interests and/or assets of the Subsidiaries identified in the letter dated April 17, 2012 from the Borrower to the Administrative Agent under the Existing Credit Agreement.
Excluded Dispositions means (i) Dispositions for fair market value resulting in no more than $1.0 million in proceeds in any fiscal year; (ii) an exchange of equipment or inventory for like equipment or inventory, provided that the Person effecting such exchange receives substantially equivalent value in such exchange for the Property disposed of; (iii) any transaction permitted by Section 9.06 (other than clause (j), (k) or (l) thereof), any Lien permitted by Section 9.07, any Investment permitted by Section 9.09 and any Dividend Payment permitted by Section 9.10; (iv) any issuance of capital stock by any Subsidiary to directors to qualify directors if required by applicable law if resulting in DE MINIMIS proceeds;