Significant Asset Sale definition

Significant Asset Sale means the sale, transfer, lease or other disposition by Holdings or any Subsidiary to any person other than the Borrower or a Subsidiary Guarantor of all or substantially all of the assets of, or a majority of the Equity Interests in, a person, or a division or line of business or other business unit of a person.

Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $10,000,000.

Significant Asset Sale means each Asset Sale (or series of related Asset Sales) which generates Net Sale Proceeds of at least $5,000,000.

Examples of Significant Asset Sale in a sentence

• The 8th meeting of the 8th Supervisory Committee was held on 17 September 2017 consideration and approval of Proposal on the Company’s Significant Asset Sale, Proposal on Report of the Company’s Significant Asset Sale (Draft) and its Summary, Proposal on Signing Equity Transfer Agreement and Other Agreements with the Counterparties of the Transaction, Proposal on Conducting Audit or Assessment on Reports Relating to the Company’s Significant Asset Sale.

• Any additional leave of absence that is requested within the twelve (12) month period must be mutually agreed upon between both the Union and the Employer.

• Proposal on Significant Asset Sale Not Constituting a Reverse Takeover under Article 13 of Administrative Measures for Material Asset Reorganisation of Listed Companies* (《關於本次重大資產出售交易不構成<上市公司重大資產重組管理辦法>第十三條規定的借殼上市的議案》); 4.

More Definitions of Significant Asset Sale

Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $5,000,000.

Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $100,000,000.

Significant Asset Sale means each Asset Sale which yields gross proceeds to the Company or any of its Subsidiaries (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at Fair Market Value in the case of other non-cash proceeds) of at least $20,000,000.

Significant Asset Sale means the sale, transfer, lease or other disposition (whether in one transaction or a series of related transactions, but in each case only if the aggregate fair market value of the assets so sold exceeds 5% of Total Assets at the time of such sale, transfer, lease or other disposition) by Holdings, the U.S. Borrower or any Subsidiary to any person other than Holdings, the U.S. Borrower or any Subsidiary of all or substantially all of the assets of, or a majority of the Equity Interests in, a person, or a division or line of business or business unit of a person.

Significant Asset Sale means each Asset Sale where the gross consideration received therefor by Holdings and its respective Subsidiaries (taking the Net Sale Proceeds therefrom plus the fair market value (as reasonably determined by the Borrower) of any non-cash consideration received) equals or exceeds $20,000,000.

Significant Asset Sale means each Asset Sale (and any Casualty Event) with respect to Collateral resulting in net cash proceeds in excess of 10% of the Borrowing Base.

Significant Asset Sale means any Asset Sale or series of related Assets Sales (i.e., separate assets being sold, transferred or otherwise disposed of as part of an identifiable group of assets and within a reasonably limited time period) where the aggregate consideration therefor is equal to, or in excess of, $25,000,000.