Significant Asset Disposition means a Disposition or a related series of Dispositions in which the aggregate fair market value or book value, whichever is greater, of the assets sold, leased, transferred or otherwise disposed of shall be greater than or equal to One Million Dollars ($1,000,000).
Significant Asset Disposition means a Disposition or a related series of Dispositions in which the aggregate fair market value or book value, whichever is greater, of the assets sold, leased, transferred or otherwise disposed of shall be greater than or equal to five percent (5%) of the Consolidated total assets of the Companies.
Significant Asset Disposition means any Asset Sale the aggregate consideration (taking the amount of cash and cash equivalents, the aggregate amount expected to be paid on or after the date of the respective Asset Sale pursuant to any earn-out, non-compete, consulting or deferred compensation or purchase price adjustment or similar arrangements, the fair market value (as determined in good faith by the Company) of all other non-cash consideration and the aggregate amount of assumed Indebtedness) for which exceeds $100,000,000.
Examples of Significant Asset Disposition in a sentence
Immediately upon the receipt by the Borrower or any other Combined Party of any proceeds from any Significant Asset Disposition, Equity Issuance or Debt Issuance from any such transaction occurring after both the Significant Capital Event and the payment of the Bridge Loans in full, the Borrower shall prepay the Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds generated by such Significant Asset Disposition, Equity Issuance or Debt Issuance.
Any Significant Asset Disposition Proposal Notice shall include a complete and accurate description of the material terms and conditions of the Significant Asset Disposition Proposal, including, without limitation, a description of the assets contemplated to be Transferred in the proposed Significant Asset Disposition.
Immediately upon the occurrence of any Significant Asset Disposition occurring prior to or on the date of the repayment in full of the Bridge Loans, the Borrower shall prepay the Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds of such Significant Asset Disposition.
More Definitions of Significant Asset Disposition
Significant Asset Disposition means an Asset Disposition that results in a Material Subsidiary ceasing to be a Subsidiary of Company or any Asset Disposition of a business unit, line of business or division of Company and its Subsidiaries.
Significant Asset Disposition means any Asset Sale the aggregate consideration (taking the amount of cash and cash equivalents, the aggregate amount
Significant Asset Disposition means an Asset Disposition of (a) all or substantially ------------------------------- all of the assets or stock of a Credit Party or a Subsidiary of a Credit Party or (b) a line of business, a division or a facility disposed of together with its customer base and revenue source of a Credit Party or one of its Subsidiaries (excluding for purposes hereof, the Custom and Specialty Sale).
Significant Asset Disposition means the sale, lease, transfer or other disposition of assets (other than a sale in the ordinary course of business or other than a sale, lease transfer or other disposition permitted pursuant to section 9.2(a)) by the Borrower or any Subsidiary for which the aggregate fair market value or book value, whichever is greater, of the assets sold, leased, transferred or otherwise disposed of shall be greater than or equal to $250,000.
Significant Asset Disposition means any Transfer, in one or a series of related transactions by the Company or one of its Subsidiaries to a Third Party of assets (other than cash) that have an aggregate book value (as determined in accordance with GAAP) of at least $390 million, including any such Transfer made in accordance with any applicable provision of United States Code, 11 U.S.C. sections 101 ET SEQ. (or any successor statute thereto), other than (x) a sale of all or substantially all of the assets of the Company and its Subsidiaries (which shall be deemed an Acquisition Transaction under clause (iii) of the definition of such term), or (y) any Transfer in the ordinary course of business of capacity on fiber optic or cable systems owned, controlled or operated by the Company or any of its Subsidiaries or of telecommunications capacity or transmission rights, rights of way or conduit acquired by the Company or any of its Subsidiaries for use in the business of the Company or any of its Subsidiaries, including, without limitation, for sale, lease, transfer, conveyance or other disposition, in the ordinary course of business, to any customer of the Company or any of its Subsidiaries, shall not be deemed a Significant Asset Disposition.
Significant Asset Disposition means any Asset Disposition the aggregate consideration (taking the amount of cash and Temporary Cash Investments, the aggregate amount expected to be paid on or after the date of the respective Acquisition pursuant to any earn-out, non-compete, consulting or deferred compensation or purchase price adjustment or similar arrangements, the fair market value (as determined in good faith by the Borrower) of all other non-cash consideration and the aggregate amount of assumed Indebtedness) for which exceeds $25,000,000.
Significant Asset Disposition means any Asset Sale (without giving effect to clause (i) of the definition thereof) the aggregate consideration (taking the amount of cash and Cash Equivalents, the aggregate amount expected to be paid on or after the date of the respective Asset Sale pursuant to any earn-out, non-compete, consulting or deferred compensation or purchase price adjustment or similar arrangements, the fair market value (as determined in good faith by the Borrower) of all other non-cash consideration and the aggregate amount of assumed Indebtedness) for which exceeds $35,000,000. "Specified Conditions Precedent" shall have the meaning provided in Section 13.17.