Material Asset Sale definition

Material Asset Sale means any disposition of property or series of related dispositions of property that (a) involves all or substantially all of the assets of a business, unit or division of a Person or constitutes all or substantially all of the common stock (or equivalent) of a Subsidiary and (b) yields gross proceeds to the Company or any of its Subsidiaries in excess of $25,000,000.

Material Asset Sale means any Asset Sale or series of Asset Sales the fair market value of which is equal to or greater than $20,000,000 individually or in the aggregate.

Material Asset Sale means a sale, in any single or related transaction, of Reorganized ANR assets, other than sales of coal in the ordinary course of business, generating $100,000 or more in net cash proceeds.

Examples of Material Asset Sale in a sentence

• With respect to all Material Asset Sales of assets involving mining assets located in Tennessee or Tennessee Permits, the Reorganized Debtors shall provide reasonable notice of, and consult with OSMRE regarding, the proposed Material Asset Sale.

• Notwithstanding any provision to the contrary in this Section 10.06, the sale of the retail business of Tenant shall not constitute a Material Asset Sale.

• With respect to all Material Asset Sales of assets involving mining assets located in the Commonwealth or Kentucky Permits, the Reorganized Debtors shall provide reasonable notice of, and consult with the Department regarding, the proposed Material Asset Sale.

• In addition to the amounts payable into the Restricted Cash Reclamation Account pursuant to Section 6(b), hereof, except as may otherwise be agreed to by OSMRE and the Reorganized Debtors, the Reorganized Debtors shall deposit into Tennessee's WaterTreatment Restricted Cash Account 25% of the net cash proceeds of any Material Asset Sale of any Retained Asset or group of Retained Assets located in Tennessee.

• In addition to the amounts payable into the Restricted Cash Reclamation Account pursuant to Section 6(b), hereof, except as may otherwise be agreed to by OSMRE and the Reorganized Debtors, the Reorganized Debtors shall deposit into Tennessee's Water Treatment Restricted Cash Account 25% of the net cash proceeds of any Material Asset Sale of any Retained Asset or group of Retained Assets located in Tennessee.

More Definitions of Material Asset Sale

Material Asset Sale means any Asset Sale exceeding $25 million of all or substantially all of an operating unit of a business.

Material Asset Sale means any Asset Sale where the gross proceeds received by the Company and its Restricted Subsidiaries (taking the amount of cash and Cash Equivalents received, the principal amount of Indebtedness received and the fair market value of all other consideration) is in excess of $5,000,000.

Material Asset Sale means any sale of the Corporation's assets (i) that does not constitute a Business Combination and (ii) as a result of which sale the Corporation's revenues for the prior twelve-month period would have declined by forty percent (40%) or more on a pro forma basis giving effect to such asset sale.

Material Asset Sale has the meaning specified in the definition of “EBITDA”.

Material Asset Sale meansmeans any sale or other disposition, or series of related sales or other dispositions (i.e., separate assets being sold, transferred or otherwise disposed of as part of an identifiable group of related assets and within a reasonably limited time period), of assets by Borrower or any of its Restricted Subsidiariesany Loan Party where the aggregate consideration therefor is equal to, or in excess of, $10,000,00015,000,000.

Material Asset Sale means any disposition of property or series of related dispositions of property that involves consideration (including non-cash consideration) with a fair market value in excess of $500,000,000.

Material Asset Sale has the meaning ascribed to such term in Section 3.01(b)(ii).