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

• Put Option Event means a Change of Control Event or a Material Asset Sale Event.

• 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.

• 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.

• Except as otherwise expressly permitted by the terms of this Lease, during the term of this Lease, Tenant will not transfer or dispose of all or substantially all of its assets (a “ Material Asset Sale ”) without Landlord’s consent, which consent shall not be unreasonably withheld, conditioned or delayed, unless the buyer of such assets assumes all of the obligations of Tenant under this Lease.

• Except as may otherwise be agreed to by OSMRE and the Reorganized Debtors, the Reorganized Debtors shall deposit into the Restricted Cash Reclamation Account or the Reclamation Trust, as applicable, 50% 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 has the meaning specified in the definition of “EBITDA”.

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 ascribed to such term in Section 3.01(b)(ii).

Material Asset Sale means any sale, lease (other than an Operating Lease) of substantially all of a Hotel Property (in which the Parent, the Borrower or one of their respective Subsidiaries is lessor), conveyance, exchange, transfer, or assignment of any Property by the Parent, the Borrower or one of their respective Subsidiaries to a Person other than the Parent, the Borrower or one of their respective Subsidiaries (together with any related assets included in such transaction).

Material Asset Sale means the sale or other disposition of any asset of the Partnership other than in the ordinary course of business, if, as a result of such sale, the aggregate Asset Sale Amount for all such sales other than in the ordinary course of business consummated in the Fiscal Year of such sale would exceed the Base Sale Amount for such Fiscal Year.