Sale Facility means the arrangement under which a Designated Member is required to transfer their shares to the Sale Nominee on the basis that the Sale Nominee is entered in the Register in respect of those Sale Shares, and will sell the Sale Shares for cash to pay the Sale Consideration to the relevant Designated Member;
Sale Facility or “Sale Facilities” shall mean the Xxxxxx Facility, the Athens Facility, the Saginaw Steering Facility, and the Sandusky Facility.
Sale Facility means the facility to be established by the Sale Agent under which the Clean TeQ Water Shares to which Ineligible Foreign Shareholders and Selling Shareholders would otherwise be entitled under the Demerger will be transferred to the Sale Agent and sold on their behalf as described more fully in Section 8.6.
Examples of Sale Facility in a sentence
StadCo shall pay to the Authority all reasonable and documented out-of-pocket costs and expenses incurred by the Authority in connection with the administration of the PSL Purchase and Sale Facility including the cooperation required under this Section.
The EVRAZ Board therefore recommends that EVRAZ Shareholders that are capable of holding RASP Shares take the necessary action to receive the RASP Shares to which they will be entitled and do not participate in the Share Sale Facility.
U Sale Facility collects metal scraps and sells these to metal recyclers.
The Sale Facility Agent will subsequently sell the MGL Shares received by it under the Share Scheme and distribute the proceeds to Ineligible Foreign Shareholders.
Each Lender and the L/C Issuer acknowledge that certain deposits held in or credited to the deposit accounts identified on Schedule 10.08 are required by the terms of a Permitted Sale Facility to be paid to a Person other than a Loan Party.
More Definitions of Sale Facility
Sale Facility shall be an increase in the DIP Facility funded as of the Closing Date in an amount up to the portion of the Purchase Price and shall consist of the amount of the Existing DIP Payment Amounts and the amounts described in Section 3.1(b)(ii), equal to the Fee Payment Cap to pay Fee Claims, U.S. Trustee Fees incurred as a result of Closing disbursements and post-Closing, and Wind Down Budget in an aggregate amount not exceeding $1,500,000, Cure Amounts to the extent not paid from operating funds estimated at $6,731,000 for Mission Critical Vendors plus $123,000 for other executory contract holders, and Priority Claims estimated at $706,000 as agreed by the Buyer and Sellers in the Sale Facility Budget.
Sale Facility means the facility established for the sale of Bidder Units on behalf of Ineligible Overseas Target Unitholders. Scheme means the trust scheme pursuant to which Bidder RE will acquire all of the Target Units from the Target Unitholders in accordance with Guidance Note 15, facilitated by amendments to the Target Constitution and a resolution pursuant to section 611 item 7 of the Corporations Act. Scheme Consideration
Sale Facility means the facility to be established by Bionomics and managed by the Sale Agent under which the Neuphoria Shares which otherwise would be received by Ineligible Foreign Shareholders will be sold in accordance with the Scheme and the agreement to be entered into between Bionomics and the Sale Agent in relation to the Sale Facility.
Sale Facility means the facility to be established by Sundance and managed by the Sale Agent under which:
Sale Facility means the facility to be conducted in accordance with clause 6.4.
Sale Facility or “Sale Facilities” shall mean the Xxxxxx Facility, the Athens Facility, the Saginaw Steering Facility, and the Sandusky Facility. Section 1.183 “Sale Proceeds” shall mean the gross amount received from a third party purchaser for the purchase of any of the Sale Businesses, whether as a going concern or an asset sale, in whole or in part, whether through cash, promissory note, assumption of indebtedness or other valuable consideration, less reasonable amounts actually paid by Delphi for break-up fees or expense reimbursement payments and a success fee for Delphi’s investment banker. Section 1.184 “Sandusky Advance” shall have the meaning ascribed to such term in section 4.04(e)(i) of this Agreement. Section 1.185 “Sandusky Business” shall mean the properties, assets, rights, titles and interests owned by Delphi and its Affiliates that are primarily used or held for use in the wheel bearings business conducted at the Sandusky Facility, including without limitation, the following assets, to the extent used primarily in, or primarily related to, such business: the Sandusky Facility, all personal property, inventory, contracts, administrative assets, permits, intellectual property used primarily in the bearings business which is operated at the Sandusky Facility, technical documentation, goodwill, interests in all joint ventures, if any, and any sale proceeds received or due with respect to a sale of any of the foregoing (excluding de minimis asset sales and sales in the ordinary course of business, including sales of surplus and obsolete machinery and equipment), but excluding: (A) third party assets, including customer bailed assets such as tooling, dunnage, dies and molds, (B) Delphi corporate trademark rights (other than a transitional license to use any trademarks to the extent contained in tooling, molds, equipment, inventory or other stock on hand) and intellectual property which is not used primarily in connection with such business (subject to the non-exclusive license to use such intellectual property described in section 4.06(a)(viii)), (C) cash, cash equivalents and accounts receivable, (D) corporate insurance policies, (E) books and records that are required to be retained by law; provided that, subject to applicable legal requirements, GM and the applicable Business Optionee shall have access at all times to such books and records and such books and records will be retained and not destroyed without providing GM or the applicable Business Option...