Specified Asset Sale definition

Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

Specified Asset Sale means any Asset Sale in which the gross cash proceeds received therefrom is at least $1,000,000.

Specified Asset Sale means the sale of all or a portion of the Company’s properties in Akron, Summit County, Ohio held on the date hereof.

Examples of Specified Asset Sale in a sentence

• Such Specified Asset Sale Prepayment shall be made no later than five (5) Business Days following the receipt of any such Net Asset Sale Proceeds.

• To the extent the Specified Asset Sale has not occurred on or prior to the twelve (12) month anniversary of the Funding Date, the Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders in accordance with the Applicable Percentage of Loans held by such Lender at such time, a fee equal to 1% of the original principal amount of the Loans funded on the Funding Date.

• Following consummation of the Specified Asset Sales, neither Company nor any of its Subsidiaries will have any liability with respect to the business, operations, assets or liabilities of AHA or any of its Subsidiaries, other than those specified liabilities that are expressly disclosed in the Specified Asset Sale Agreements.

• Company shall use all reasonable efforts to consummate the Specified Asset Sales that have not been consummated prior to the date hereof in accordance with the Specified Asset Sale Agreements as soon as practicable.

• The Borrowers shall prepay the Loans and/or permanently reduce the Commitments, in accordance with Section 5.6.5 below, in an amount equal to 100% of the Net Proceeds received from any issuance by TGI of Capital Stock (each, an “Equity Prepayment” and together with any Specified Asset Sale Prepayment and any Permitted Indebtedness Prepayment, each a “Mandatory Prepayment”).

More Definitions of Specified Asset Sale

Specified Asset Sale means any Asset Sale of the type described in any of clauses (d), (e), (g), (h), (i) or (j) of Section 9.09.

Specified Asset Sale means any Disposition or series of related Dispositions by the Borrower or any of its Subsidiaries outside the ordinary course of business; provided that “Specified Asset Sale” shall not include (i) a Disposition or series of related Dispositions the Net Cash Proceeds of which do not exceed $50,000,000 in the aggregate for such Disposition or series of related Dispositions, (ii) Dispositions by the Borrower to any Subsidiary,

Specified Asset Sale means each asset disposition described in Schedule 8.02 to this Agreement.

Specified Asset Sale means any sale, lease, transfer, assignment or other disposition of assets, business units or property of Holdings or any of its subsidiaries for Net Proceeds in excess of $100,000 in any transaction or series of related transactions described in paragraph (i) of Section 6.

Specified Asset Sale means the sale of the “DAL Shares” and the “DPF Interests” (each as defined in the Acquisition Agreement, dated as of September 17, 2012, by and between the Company and ITOCHU Corporation) and the other transactions contemplated in connection therewith pursuant to such acquisition agreement.

Specified Asset Sale means (a) any Asset Sale made in reliance on clause (g), (h), (i), or (j) of Section 8.4, (b) any sale by the Parent or any of its Restricted Subsidiaries of any equity interests in any Restricted Subsidiary and (c) any issuance of Stock or Stock Equivalents by any Restricted Subsidiary, in each case of the foregoing clauses (a) through (c), resulting in aggregate Net Cash Proceeds exceeding $25,000,000.00 during any Fiscal Year. The term “Specified Asset Sale” shall not include any Insurance/Condemnation Event.

Specified Asset Sale means any sale, transfer or other disposition by Holdings or any Subsidiary of any asset, division, product line or line of business made to obtain the approval of any applicable antitrust authority in connection with a Permitted Acquisition. In connection with any Specified Asset Sale, Holdings shall have delivered a certificate of a Financial Officer (i) identifying the asset, division, product line or line of business to be sold, transferred or otherwise disposed of and (ii) containing reasonable details of the reason for such sale, transfer or other disposition, in form and substance reasonably satisfactory to the Administrative Agent. For the avoidance of doubt, a Specified Asset Sale may include any existing asset, division, product line or line of business of Holdings or any Subsidiary.