Retained Asset Sale Proceeds definition

Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

Retained Asset Sale Proceeds has the meaning specified in Section 2.05(b)(ii).

Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

Examples of Retained Asset Sale Proceeds in a sentence

For the avoidance of doubt, the Holder of any Retained Asset Sale Proceeds may apply any Retained Asset Sale Proceeds in any manner not prohibited by this Indenture and such Retained Asset Sale Proceeds shall in no event and under no circumstances constitute Excess Proceeds.
For the avoidance of doubt, provisions related to Retained Asset Sale Proceeds shall be consistent with, and no less favorable to the Borrower than those set forth in, the Term Loan Facility Documentation.
For the avoidance of doubt, the Holder of any Retained Asset Sale Proceeds may apply any Retained As- set Sale Proceeds in any manner not prohibited by this Indenture and such Retained Asset Sale Proceeds shall in no event and under no circumstances constitute Excess Proceeds.
Please include any other criteria the entity deems appropriate to the South Coast Regional Early Learning Hub.

Retained Asset Sale Proceeds means that portion of the Net Cash Proceeds of an Asset Sale Prepayment Event or Recovery Prepayment Event not required to be offered to prepay Term Loans pursuant to Section 5.2(a)(i) due to the Disposition Percentage being less than 100.0%.

Retained Asset Sale Proceeds means the Net Proceeds in respect of any Asset Sale not required to be applied to make a prepayment or to be reinvested under Section 4.10.

Retained Asset Sale Proceeds means, at any date of determination, an amount determined on a cumulative basis of all Net Proceeds received by the Issuer or any of its Restricted Subsidiaries that, pursuant to application of the Asset Sale Prepayment Percentage, are or were not required to be applied pursuant to Section 4.10.

Retained Asset Sale Proceeds an amount equal to the aggregate amount of Net Cash Proceeds received from any Asset Sale or any Recovery Event that are not applied to prepay Loans pursuant to Section 2.11(c) on account of clauses (i) or (ii) of the definition of “Asset Sale Percentage” or on account of the de minimis thresholds set forth in Section 2.11(b) and (c).

Retained Asset Sale Proceeds means any proceeds of any Prepayment Event described in clause (a) of the definition of the term “Prepayment Event” that are not required to be used to prepay Term Loan Borrowings pursuant to Section 2.11(c) or Term Loan Borrowings (as defined in the First Lien Credit Agreement) pursuant to Section 2.11(c) of the First Lien Credit Agreement.

Retained Asset Sale Proceeds means the amount of Net Cash Proceeds received by the Borrower or any Restricted Subsidiary in respect of any Prepayment Asset Sale, in each case that are not required to be applied to prepay the Term Loans pursuant to Section 2.13(b) on account of the fact that the Required Net Cash Proceeds Percentage is less than 100%.

Retained Asset Sale Proceeds an amount equal to the product of (x) the amount of Net Cash Proceeds times (y) 100% minus the applicable Asset Sale Percentage.