Significant Sale definition

Significant Sale shall have the meaning provided in Section 4.1 hereof.

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Significant Sale means any sale, lease, transfer, or other disposition of any property or assets (tangible or intangible) by any Company to any other Person (other than any sale, lease, transfer, or other disposition contemplated by SECTIONS 9.23(a) through (f)) with respect to which the Net Cash Proceeds realized by the Companies for such asset disposition (or when aggregated with the Net Cash Proceeds from all such other asset dispositions occurring in the same calendar year) equals or exceeds $3,000,000.

Significant Sale means any transaction or series of transactions pursuant to which any Person or group of related Persons in the aggregate acquire(s)

Examples of Significant Sale in a sentence

• At the closing of such Significant Sale, each Co-Seller shall deliver certificates for all shares of Common Stock to be sold by such Co-Seller, duly endorsed for transfer, with the signature guaranteed, to the purchaser against payment of the appropriate purchase price.

• For the avoidance of doubt, once the first Significant Sale has occurred, each subsequent Equity Sale shall constitute a “Significant Sale” until a Liquidity Event has occurred.

• If the Significant Sale Initiator desires to effect a Significant Sale, it shall give not less than 20 days prior written notice of such intended Transfer to each Stockholder and the Company.

• Prior to effecting any Transfer of Executive Units (other than (y) to Holdings, to any Other Senior Manager or to the Investors or (z) in connection with a Public Sale or Significant Sale), MCS shall obtain from each transferee their written agreement to be bound by the provisions of Section 1.4 of this Agreement for the benefit of Holdings, the Other Senior Managers and the Investors.

• Whether a Significant Sale constitutes a Qualifying Sale shall be determined by the Administrator in connection with each Significant Sale.

More Definitions of Significant Sale

Significant Sale means an Equity Sale after which the equity securities of the Company or its successor held, directly or indirectly, by all of the Principal Stockholders is, in the aggregate, less than 50% of the equity securities (as such securities may be adjusted for the occurrence of a stock split, reverse stock split, or other corporate event) held, directly or indirectly, by all of the Principal Stockholders as of the Effective Date. For the avoidance of doubt, once the first Significant Sale has occurred, each subsequent Equity Sale shall constitute a “Significant Sale” until a Liquidity Event has occurred.

Significant Sale means a Sale of either SS/L or SkyNet or all or substantially all of their respective assets (determined on a consolidated basis of each of SS/L or SkyNet, as applicable).

Significant Sale means the sale of assets of Newco or any Subsidiary ---------------- or the sale of capital stock of any Subsidiary by Newco, in any such case, for which the consideration proposed to be paid in such transaction represents 35% or more of the Market Capitalization on the date that Newco agrees to such sale.

Significant Sale has the meaning set forth in Section 9.5(a).

Significant Sale means any sale, lease, transfer, or other disposition of (a) any CATV System by any Company to any other Person (other than any sale, lease, transfer, or other disposition contemplated by Section 9.22(f) or (g)), or (b) ACWC as part of the release of ACWC permitted by Section 9.33.

Significant Sale has the meaning set forth in Section 13.01(a).

Significant Sale means any sale, lease, transfer, or other disposition of any property or assets (tangible or intangible) by any Company to any other Person (other than any sale, lease, transfer, or other disposition (i) of any Designated Asset, (ii) in connection with the Ceramics Spinoff, (iii) in connection with the Golden Aluminum Company Sale, or (iv) contemplated by Sections 9.23(a) through (e)) with respect to which the Net Cash Proceeds received by the Companies for such asset disposition (or when aggregated with the Net Cash Proceeds from all such other asset dispositions occurring in the same calendar year for which mandatory prepayments pursuant to Section 3.3(b)(iii) have not been paid) equals or exceeds (A) $6,000,000 on any date of determination when the Leverage Ratio is greater than or equal to 4.00 to 1.00 or (B) $10,000,000 on any date of determination when the Leverage Ratio is less than 4.00 to 1.00."