Specified Sales definition

Specified Sales means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business and (b) the sale, transfer or other disposition of Permitted Investments described in clause (i) of the definition thereof.

Specified Sales means (1) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business (excluding any sale, transfer, lease or other disposition of inventory and materials constituting ABL Priority Collateral made by any Borrower or any Guarantor to any Subsidiary that is not a Loan Party) and (2) the conversion of cash into Cash Equivalents or Cash Equivalents into cash.

Specified Sales means Dispositions of (a) inventory and materials in the ordinary course of business, (b) surplus, obsolete or worn-out property or assets, (c) cash or Cash Equivalents, (d) Equity Interests or Indebtedness of Unrestricted Subsidiaries, (e) accounts receivable in connection with the collection or compromise thereof in the ordinary course of business and (f) property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are applied substantially concurrently with such Disposition to the purchase price of similar replacement property.

Examples of Specified Sales in a sentence

• Purchaser shall promptly notify Seller of the commencement of any Tax Proceeding in respect of Specified Sales Taxes (if such Taxes are treated as Indemnified Taxes), and Seller shall have the right to control, at Seller’s expense, any such Tax Proceeding to the extent that such Tax Proceeding relates to Specified Sales Taxes.

• Other than with respect to Specified Sales, the Borrower will make payment on the Revolving Loans in an amount equal to 100% of the Net Proceeds received by the Credit Parties from any Asset Sale to the extent such Net Proceeds exceed the threshold amounts provided in Section 7.4(a)(ii).

• Clause (v) of the preceding sentence is intended to ensure that the right of the holders of Company Stock (other than Optionholders) to the Escrow Fund and Specified Sales Tax Holdback and any interest and earnings earned thereon is not treated as a contingent payment without a stated maximum selling price under Section 453 of the Code and the Treasury Regulations promulgated thereunder.

• Thresholds or ceilings in participations exist (usually at the 5%, 10%, 20% and 30% levels) and listed companies have to notify regulatory agencies when they cross these levels.

• Joni-NWEC: The Specified Sales are strictly for California and not for WA.

More Definitions of Specified Sales

Specified Sales means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business and (b) the conversion of cash into Cash Equivalents and Cash Equivalents into cash.

Specified Sales 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 Sales means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business and

Specified Sales 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 Sales. (i) the sale, transfer, lease or other disposition --------------- of inventory and materials in the ordinary course of business (including obsolete and/or unnecessary), (ii) the sale, transfer, lease or other disposition of machinery, parts and equipment (including obsolete and/or unnecessary equipment) in the ordinary course of business, (iii) the sale, transfer or other disposition of articles in the ordinary course of business or the granting of permission for reprints in the ordinary course of business and (iv) the sale, lease or disposition of space and related property and assets in the ordinary course of business.

Specified Sales means (i) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business, and (ii) the sale, transfer, lease or other disposition of machinery, parts, equipment and real estate no longer useful in the conduct of the business of the Borrower or any of its Subsidiaries, as appropriate.

Specified Sales means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business and (b) the sale, transfer or other disposition of cash and Cash Equivalents, so long as the applicable Credit Party or the applicable Subsidiary receives, in return, cash, Cash Equivalents or other property having a fair market value equal to the fair market value of such cash or Cash Equivalents.