Sale of Material Assets definition

Sale of Material Assets means the sale or other disposition ----------------------- (including damage, destruction or condemnation of assets) by Borrower or any of its Subsidiaries, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of One Hundred Thousand Dollars ($100,000) or more; excluding
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Sale of Material Assets means the sale or other disposition (including damage, destruction or condemnation of assets, but excluding any foreclosure, transfer in lieu of foreclosure or similar event following a default) by any Borrower, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of Ten Million Dollars ($10,000,000) or more; excluding dispositions of equipment no longer used by Borrowers and inventory, in each case in the ordinary course of business, and the sale of Permitted Investments for cash or the conversion into cash of Permitted Investments.
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Sale of Material Assets means the sale or other disposition (including damage, destruction or condemnation of assets) by Borrower or any of its Subsidiaries, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of One Hundred Thousand Dollars ($100,000) or more; excluding (i) the sale of inventory in the ordinary course of business, and (ii) the sale of Permitted Investments for cash or the conversion into cash of Permitted Investments.
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Examples of Sale of Material Assets in a sentence

  • The Company will furnish the Union each month a list showing: The name of each employee for whom the Company holds an effective payroll deduction authorization form and the amount deducted for dues.

  • Prior to January 1, 2000 in connection with each Sale of Material Assets approved by Lenders pursuant to Paragraph 6.7 hereof and on and after January 1, 2000 in connection with any sale of assets (whether or not a Sale of Material Assets subject to approval pursuant to Section 6.7 hereof), the Net Cash Proceeds to the seller of such transaction shall be paid directly to Agent for the account of Lenders and applied to the Loan as set forth in subparagraph (iv) below.

  • Purchase and Sale of Material Assets During the reporting period, the Bank did not undertake any purchase and sale of material assets.

  • In connection with each Sale of Material Assets approved by Lenders pursuant to Paragraph 6.7 hereof, the Net Cash Proceeds to the seller of such transaction shall be paid directly to Agent for the account of Lenders and applied to the Loan as set forth in subparagraph (iv) below.


More Definitions of Sale of Material Assets

Sale of Material Assets means any sale, transfer or other disposition of the Company's assets in transactions in which the total consideration paid or payable to Company (including without limitation all cash, liabilities assumed and the fair market value of any stock provided in such transaction) is, in the aggregate, as to all such transactions after the date of this Agreement, greater than Fifteen Million Dollars ($15,000,000). "SDI Operating Partners, L.P." means SDI Operating Partners, L.P., a Delaware limited partnership.
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Sale of Material Assets means any transfer, sale or other disposition of assets of dELiA*s or its consolidated Subsidiaries (including the stock of axx Xxbsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) constituted 5% or more of the assets of dELiA*s and its consolidated Subsidiaries as of the most recent daxx xxr which a balance sheet has been delivered hereunder, or (ii) contributed 5% or more of the EBITDA of dELiA*s and its consolidated Subsidiaries for the most recent Rollxxx Xeriod; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by dELiA*s or its Subsidiary such proceeds have been used to acquire xxxxxs of a similar character for use in the business of dELiA*s and its consolidated Subsidiaries.
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Sale of Material Assets means any transfer, sale or other disposition of Property of MSC or its Subsidiaries (including the stock of any Subsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) constituted 35% or more of the of Property of MSC or its Subsidiaries as of the most recent date for which a balance sheet has been delivered hereunder, or (ii) contributed 35% or more of the EBITDA (as such term in defined in the Credit Agreement) of MSC or its Subsidiaries for the most recent period of four consecutive fiscal quarters; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by MSC or its Subsidiaries such proceeds have been used to acquire assets of a similar character for use in the business of MSC and its Subsidiaries.
Sample 1
Sale of Material Assets means any transfer, sale or other disposition of assets of DBI or its consolidated Subsidiaries (including the stock of any Subsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) 5% or more of the assets of DBI and its consolidated Subsidiaries as of the most recent date for which a balance sheet has been delivered hereunder, or (ii) 5% or more of the EBITDA of DBI and its consolidated Subsidiaries for the most recent Rolling Period; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by DBI or its Subsidiary such proceeds have been used to acquire assets of a similar character for use in the business of DBI and its consolidated Subsidiaries.
Sample 1
Sale of Material Assets means any sale, transfer or other disposition of any Obligor's or any Subsidiary's assets in transactions (not related to the 1998 Conversion) in which the total consideration paid or payable to any Obligor or Subsidiary (including without limitation all cash, liabilities assumed and the fair market value of any stock provided in such transaction) is, in the aggregate, as to all such transactions after the date of this Agreement, greater than Fifteen Million Dollars ($15,000,000). "SDI Operating Partners, L.P." means SDI Operating Partners, L.P., a Delaware limited partnership.
Sample 1

Related to Sale of Material Assets

  • Material Assets means with respect to any Person all Material interests in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Material Asset means any asset which has a book value of RMB100,000 or more or has a material effect on the business operations of any Party.

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Seller Intellectual Property means (a) all Intellectual Property Rights owned or licensed to Seller or its Affiliates prior to the Effective Date; (b) all Intellectual Property Rights in the Seller Parts, the Specifications, and the Base Vehicle; and (c) all other Intellectual Property Rights designed, developed, or otherwise created by Seller or its Affiliates after the Effective Date without reference to Buyer Intellectual Property excluding, in each case, any of the foregoing which are Buyer Intellectual Property.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Specified Equipment means the railway vehicles which the Train Operator is entitled to use in the provision of Services on the Network, as specified in paragraph 4 of Schedule 5;

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Manufactured-home transaction means a secured transaction:

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Specified Assets the following property and assets of such Grantor:

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Eligible Real Property means the real property listed on Schedule 1.01(a) owned by a Loan Party (i) that is located in the United States of America and is acceptable to the Agent in its Permitted Discretion for inclusion in the Borrowing Base, (ii) in respect of which an appraisal report has been delivered to the Agent in form, scope and substance satisfactory to the Agent in its Permitted Discretion, (iii) in respect of which the Agent is satisfied that all actions necessary or desirable in order to create perfected first priority Lien on such real property have been taken, including the presentation or delivery of the Mortgage to a title insurance company for recording, provided that the title insurance company has issued its title insurance policy to the Agent pursuant to clause (v) below in a New York style closing, (iv) in respect of which a Phase I environmental review report has been completed and delivered to the Agent in form and substance satisfactory to the Agent in its Permitted Discretion and which does not indicate any pending, threatened or existing Environmental Liability, or non compliance with any Environmental Law (except to the extent that Reserves for any such Environmental Liability deemed adequate by the Agent in its Permitted Discretion exist), (v) which is adequately protected by fully-paid valid title insurance with endorsements and in amounts acceptable to the Agent, insuring that the Agent, for the benefit of the Lenders, has a perfected first priority Lien on such real property, evidence of which shall have been provided in form and substance satisfactory to the Agent in its Permitted Discretion, and (vi) if required by the Agent: (A) an ALTA survey reasonably acceptable to the Agent and the title insurance company has been delivered for which all necessary fees have been paid and which is dated no more than 90 days prior to the date on which the applicable Mortgage is executed and delivered to a title insurance company for recording, certified to Agent and the issuer of the title insurance policy in a manner satisfactory to the Agent in its Permitted Discretion by a land surveyor duly registered and licensed in the state in which such Eligible Real Property is located and acceptable to the Agent in its Permitted Discretion; (B) in respect of which local counsel in states in which the Eligible Real Property is located have delivered a letter of opinion with respect to the enforceability and perfection of the Mortgages and any related fixture filings in form and substance satisfactory to the Agent in its Permitted Discretion; and (C) in respect of which such Loan Party shall have used its reasonable best efforts to obtain estoppel certificates executed by all tenants of such Eligible Real Property and such other consents, agreements and confirmations of lessors and third parties have been delivered as the Agent may deem necessary or desirable in its Permitted Discretion, together with evidence that all other actions that the Agent may deem necessary or desirable in order to create perfected first priority Liens on the property described in the Mortgages have been taken.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.