Sale of Collateral definition

Sale of Collateral means any Asset Sale involving a sale or other disposition of Collateral.

Sale of Collateral means any Asset Sale to the extent involving a sale, lease, conveyance, transfer or other disposition of Collateral.

Sale of Collateral means the sale, lease, conveyance or other disposition of any Collateral or the Equity Interests of an owner, whether directly or indirectly, of Collateral.

Examples of Sale of Collateral in a sentence

• If, Lender, in its Good Faith Business Judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any Sale of Collateral, Lender shall have the option, exercisable at any time, in its Good Faith Business Judgment, of either reducing the Obligations by the principal amount of purchase price or deferring the reduction of the Obligations until the actual receipt by Lender of the cash therefor.

• EFIH shall establish an Asset Sale Cash Collateral Account with the Collateral Trustee prior to any Asset Sale of Collateral or other Oncor-related Assets.

• The Asset Sale Offer shall be made to all Holders and, in the case of an Asset Sale other than an Asset Sale of Collateral, to all Holders and all holders of other Indebtedness that is pari passu with the Notes containing provisions similar to those set forth in this Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets.

• Upon the commencement of an Asset Sale Offer or Sale of Collateral Offer, the Company will send, by first class mail, a notice to the Trustee and each of the Holders of Notes, with a copy to the Trustee.

• The Asset Sale Offer or Sale of Collateral Offer shall be made to all Holders of Notes and, in the case of an Asset Sale Offer, all holders of Other Offer Notes; provided that, in the case of an Asset Sale Offer, the percentage of such Excess Proceeds allocated and offered to the Notes in such Asset Sale Offer is at least equal to the percentage of the aggregate principal amount of all Priority Lien Debt represented at such time by the Notes.

• If the Purchase Date is on or after an interest record date and on or before the related interest payment date, any accrued and unpaid interest and Special Interest, if any, will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders of Notes who tender Notes pursuant to the Asset Sale Offer or Sale of Collateral Offer, as applicable.

• The Company will publicly announce the results of the Asset Sale Offer or Sale of Collateral Offer, as applicable, on the Purchase Date.

• If desired, I will assist you in seeking civilian resources to help you work with civilian authorities.

• In the event that, pursuant to Section 4.10 hereof, the Company is required to commence an Asset Sale Offer or a Sale of Collateral Offer, it will follow the procedures specified below.

• The Asset Sale Offer or Sale of Collateral Offer will remain open for a period of at least 20 Business Days following its commencement and not more than 30 Business Days, except to the extent that a longer period is required by applicable law (the “Offer Period”).

More Definitions of Sale of Collateral

Sale of Collateral means any Asset Sale to the extent involving a sale, lease or other disposition of Japan Slots or Japan Gate Leaseholds or any property or asset that constitutes Collateral. For the avoidance of doubt, the Company will not sell, lease, convey, transfer or otherwise dispose of the Japan Routes.

Sale of Collateral means any Asset Sale to the extent involving a Disposition of Collateral.

Sale of Collateral means any Asset Sale involving a sale or other disposition of Collateral. “SEC” means the Securities and Exchange Commission.

Sale of Collateral means any Asset Disposition to the extent involving assets or other rights or property that constitutes Collateral under the Security Documents.

Sale of Collateral means any Asset Sale involving a sale or other disposition of Collateral. “Second Lien Debt” means:

Sale of Collateral means any Asset Sale involving a sale or other disposition of Collateral. “Secured Debt” means, as of any date of determination, an amount equal to (1) the aggregate principalamount of outstanding Indebtedness of the Partnership and its Restricted Subsidiaries (other than property orassets held in a defeasance or similar trust or arrangement for the benefit of the holders of the Indebtedness secured thereby) as of such date consisting of (without duplication) Indebtedness for borrowed money (including unreimbursed outstanding drawn amounts underfunded letters of credit (other than letters of credit in respect of trade payables)), Finance Lease Obligations, Attributable Debt and debt obligations evidenced by bonds, notes, debentures or similar instruments, determined on a consolidated basis in accordance with GAAP (excluding items eliminated in consolidation, and for the avoidance of doubt, excluding obligations under Hedging Contracts) that, in each case, is then secured by Liens on property or assets of the Partnership or its Restricted Subsidiaries and consists of the Notes or Indebtedness constituting of ABL Debt or Pari Passu Debt, minus (2) the amount of cash and Cash Equivalents held by the Partnership and its Restricted Subsidiaries as of the most recent date with respect to which a balance sheet is available.