Significant Sale definition

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

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.

• Failure by the Corporation to give the Significant Sale Notice as prescribed by the preceding sentence, or the formal insufficiency of any such Significant Sale Notice, shall not prejudice the rights of any Holder to cause the Corporation to redeem any such shares held by such Holder on the date of the consummation of such Significant Sale.

• 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.

• 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.

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 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)).

Significant Sale is amended to exclude the Tennessee 4 Divestiture as a Significant Sale by amending the parenthetical phrase in the third line of such definition to read as follows: "(other than the Laredo Joint Venture Sale, the Tennessee 4 Divestiture, any Intercompany Acquisition, and any sale, lease, transfer, or other disposition contemplated by SECTIONS 9.23(a) through (e) or contemplated by SECTION 9.24)"

Significant Sale means any Disposition by the Borrower or any Subsidiary (other than any Excluded Disposition), with respect to which the Net Cash Proceeds received by the Borrower or such Subsidiary for such Disposition (individually, or when aggregated with the Net Cash Proceeds from all such other Dispositions occurring in the same calendar year for which mandatory prepayments pursuant to Section 2.03(b)(ii) are required but have not been paid) equals or exceeds $10,000,000.