Permitted Asset Sales means:
Permitted Asset Sales means (a) Dispositions of assets in the ordinary course of business and in accordance with the Borrower's past practices and (b) Dispositions of equipment that is worn out, obsolete, damaged or otherwise unsuitable for use in the business.
Permitted Asset Sales means sales and dispositions of assets that are deemed appropriate by the Loan Parties for fair market value not to exceed $30,000,000 in any fiscal year and for which not less than seventy-five percent (75%) of the aggregate purchase price is paid in cash.
Examples of Permitted Asset Sales in a sentence
Under certain circumstances Issuer is required to apply the net proceeds from Permitted Asset Sales to the repayment of Indebtedness of Issuer.
Xxxxx City will not sell, transfer, convey, lease or otherwise dispose of any assets other than Permitted Asset Sales.
Prior to the Collateral Release Date, the Company shall not, and shall not permit any Subsidiary Guarantor to, Dispose of its respective assets, except Permitted Asset Sales or in a transaction that complies with Section 7.7.
Sell or otherwise dispose of, or permit any of its consolidated Subsidiaries to sell or otherwise dispose of, directly or indirectly, any of its consolidated assets, except for Permitted Asset Sales.
No Asset Sale Transactions allowed by the Borrower or a subsidiary thereof except for Permitted Asset Sales to enter into a debt financing transaction (such restriction shall not apply to NewCo).
More Definitions of Permitted Asset Sales
Permitted Asset Sales means any sales or other dispositions of assets (other than (i) sales or other dispositions of Collateral or (ii) sales or other dispositions of Specified Aircraft (other than the Specified Aircraft Transactions)) by Holdings or any of its Subsidiaries, whether or not in the ordinary course of business; provided that unless otherwise agreed by the Required Lenders, the aggregate consideration for all such sales or other dispositions received by Holdings or any of its Subsidiaries shall not exceed $20,000,000 during the term of this Agreement; provided further that the foregoing cap shall be inapplicable to any consideration received by a Loan Party in connection with the Specified Aircraft Transactions.
Permitted Asset Sales means sales or other Dispositions of:
Permitted Asset Sales means the sale of the Company’s and/or its Subsidiaries’ (a) ISDN client line of products and assets directly associated therewith; (b) VPN line of products and assets directly associated therewith; (c) X.25 line of products and assets directly associated therewith, or (d) any combination of or subset of (a) and/or (b) and/or (c).
Permitted Asset Sales means, collectively, (a) dispositions of all or substantially all of the assets of Borrower and its Subsidiaries that are permitted under Section 5.2(b), (b) dispositions of assets required to be sold to conform with laws or governmental regulations, (c) dispositions of short-term, readily marketable investments purchased for cash management purposes with funds not representing the proceeds of other asset sales, (d) dispositions of assets in addition to the foregoing if the proceeds thereof are retained by Borrower as cash or Cash Equivalents or used to retire Debt of Borrower (other than Debt that is subordinated to the Obligations) and its Subsidiaries, and (e) dispositions of assets in addition to the foregoing if, on a pro forma basis, the aggregate net book value of all such dispositions during the most recent 12-month period would not exceed 10% of Consolidated Net Tangible Assets computed as of the end of the most recent quarter preceding the disposition, provided that any such dispositions will be disregarded for purposes of such 10% limitation (but, for the avoidance of doubt, be deemed to be Permitted Asset Sales) if the net proceeds thereof are invested in assets in similar or related lines of business (including geographic extensions thereof) of Borrower and its Subsidiaries.
Permitted Asset Sales means (a) sales, leases, assignments, transfers or disposals of, in one or any series of related transactions, (i) all or any portion of Borrower's equipment (except for items included in clause (ii) of this definition), whether now owned or hereafter acquired, including transfers to Subsidiaries, which, in the aggregate, do not exceed $1,000,000.00 in any twelve month period, and (ii) Borrower's offshore platforms that have been
Permitted Asset Sales means sales, leases, transfers, abandonments, or other dispositions of Borrowing Base Properties, provided, that the aggregate present value (discounted at 10% per annum) of all Borrowing Base Properties sold, leased, transferred, abandoned or disposed as “Permitted Asset Sales” during any Determination Period shall not exceed the greater of (a) five percent (5%) of the Borrowing Base then in effect, or (b) $1,000,000.
Permitted Asset Sales means (a) sales, leases, assignments, transfers or disposals of, in one or any series of related transactions, (i) all or any portion of Borrower's assets (except for items included in clause (ii) of this definition), whether now owned or hereafter acquired, including transfers to Subsidiaries, which, in the aggregate, do not exceed $10,000,000.00 in any rolling four quarter period, and (ii) Borrower's offshore platforms that have been abandoned or dismantled; and (b) sales of Hydrocarbons in the ordinary course of business.