Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of, (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).
Excluded Proceeds is defined in Section 5.1(a)(v).
Excluded Proceeds has the meaning specified in the definition of “Net Proceeds.”
Examples of Excluded Proceeds in a sentence
All monies, instruments, investment property or other property credited to the Collateral Accounts pursuant to this Credit Agreement and all other property credited to the Collateral Accounts constitute part of the Collateral (including all cash and Permitted Investments) (other than Excluded Proceeds) and shall be applied in the manner set forth herein.
More Definitions of Excluded Proceeds
Excluded Proceeds means any Net Proceeds of an Asset Sale involving:
Excluded Proceeds has the meaning assigned to such term in the definition of “Prepayment Event”.
Excluded Proceeds means with respect to any Asset Sale:
Excluded Proceeds means, at any time, all cash Proceeds received by any Assignor from any sale of Collateral where the respective Collateral is released pursuant to the provisions of Section 10.8(b) of this Agreement and such Proceeds are applied (or required to be applied) to pay Credit Document Obligations in accordance with the requirements of the Credit Agreement.
Excluded Proceeds has the meaning assigned to such term in Section 2.11(b)(ii).
Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of (1) any Net Proceeds therefrom that are not, at the time of realization or receipt thereof, required to be applied to prepay Term Loans pursuant to Section 2.05(2)(b) as a result of the Disposition Percentage being less than 100%, (2) any Net Proceeds therefrom that constitute Declined Proceeds and (3) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).
Excluded Proceeds is defined in Section 6.24.