Specified Sale definition

Specified Sale means any sale or disposition, in whole or in part, of any combination of (A) the assets and businesses to be sold in the transsaction assigned the code name “Rockford”, (B) the assets and businesses to be sold in the transaction assigned the code name “Xxxxxx” and/or (C) trademarks, trademark licenses, domain names or related intellectual property assets and materials of the Borrower or any of its Subsidiaries.

Specified Sale means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business, (b) the sale, transfer, lease or other disposition of obsolete or worn-out property or assets in the ordinary course of business, (c) the sale, transfer or other disposition of cash or Cash Equivalents, (d) the sale, transfer or other disposition of Equity Interests of Unrestricted Subsidiaries, (e) dispositions of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business and (f) dispositions of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property.

Specified Sale means any Sale by the Specified Stockholders where the Specified MOIC after giving effect to such Sale, is greater than one (1.0).

Examples of Specified Sale in a sentence

• THEREFORE, NO E911 SERVICE OR BASIC 911 SERVICE WILL BE PROVIDED BY BANDWIDTH TO CUSTOMER, ANY END-USERS, OTHER CUSTOMERS, SUBSCRIBERS, OR ANY PERSON OR ENTITY PURSUANT TO THESE TERMS AND CONDITIONS OR THE OUTBOUND CALLING CONTEMPLATED BY THESE TERMS AND CONDITIONS.

• With respect to any Specified Sale permitted under this Credit Agreement or the Security Agreement, the Lien held by the Agent on the assets subject to such Specified Sale shall be automatically released upon the consummation thereof; provided, however, that such automatic release shall not occur during the continuance of an Event of Default.

• The Company shall provide each Sell-Down Shareholder with written notice of the number of Ordinary Shares which it (subject to the following provisions of this clause 8) is required to transfer as part of the Second Opening ("Specified Sale Number"), and the numbers of paid up Ordinary Shares and Ordinary Shares which are not fully paid up comprised in the Specified Sale Number, not less than 25 Business Days before the date of the Second Opening.

• If the winning bid for any portion of assets or businesses that are part of a Specified Sale include a credit bid of New Money Loans (as defined in the Existing DIP Term Loan Agreement), the amount of such credit bid shall be deemed to be Net Cash Proceeds for purposes of this Section 2.08(b)(ii).

• For the avoidance of doubt, subject to Buyer’s compliance with this Section 8.8, neither Buyer not any Group Company shall have any obligation or Liability to Seller or any of its Affiliates in connection with the Specified Sale Agreements or any of the transactions contemplated thereby.

More Definitions of Specified Sale

Specified Sale set forth in Section 1.146 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: “

Specified Sale means a transaction contemplated pursuant to an asset purchase agreement for the sale, assignment, transfer or other disposition, as applicable, of certain assets related to the BDC advisory business, as previously disclosed to the Lenders, to the buyer previously disclosed to the Lenders, subject to customary closing conditions as set forth therein.

Specified Sale means a transfer, sale or other disposition (i) by Oaktree and its Affiliates (as such terms are defined in the Shareholders’ Agreement, by and among the Company and shareholders thereof, as amended from time to time), in one or a series of related transactions, of eighty-five percent (85%) or more on a cumulative basis of the Equity Securities held by such Persons, or (ii) of eighty-five percent (85%) or more on a cumulative basis of the assets of the Company and its Subsidiaries, on a consolidated basis.

Specified Sale shall have the meaning set forth in that certain letter agreement re: Specified Sale executed concurrently herewith by and among Borrowers, Guarantors, Agent and Lenders.

Specified Sale means a Subsequent Public Offering pursuant to which, after giving effect to such Subsequent Public Offering, the MOIC is at least 1.0.

Specified Sale means the sale or disposition, in whole or in part, of any combination of

Specified Sale means the sale, transfer or disposition of the business and related assets currently conducted by certain Subsidiaries of the Borrower to the extent expressly identified to the Administrative Agent and Lenders prior to the Effective Date pursuant that certain letter from the Borrower Representative to the Administrative Agent and the Lenders dated as of February 5, 2010 entitled “Specified Sale Side Letter”.