Subject Asset Sale definition

Subject Asset Sale means an Asset Sale or series of related Asset Sales by Borrower or any of its Subsidiaries of Persons (i) for which total consideration exceeds $75,000,000 and (ii) where the trailing four quarter revenues of the entities or assets sold exceeds 10% of Borrower's revenues for such period (without giving effect to such sales).
Sample 1
Subject Asset Sale. See SECTION 1.3(b)(iii). ------------------
Sample 1
Subject Asset Sale means an Asset Sale or series of related Asset Sales by Company or any of its Subsidiaries of (x) NEXTLINK Interactive, Inc., NEXTLINK One, Inc. or ITC (d/b/a NEXTLINK Affinity) or (y) other Persons (i) for which total consideration exceeds $350,000,000 and (ii) where the trailing four quarter revenues of the entities or assets sold exceeds 10% of Company's revenues for such period (without giving effect to such sales).
Sample 1

Examples of Subject Asset Sale in a sentence

  • The consent set forth in this Section 4 shall cease to be of any force or effect if the Subject Asset Sale has not been consummated on or before March 31, 2002.

  • The Borrower has requested that Required Lenders waive the restrictions contained in Sections 8.2(a) and 10.6 of the Credit Agreement to the extent necessary to permit the sale of the Subject Assets (the "Subject Asset Sale") and consent to the release of the Liens created by the Security and Pledge Agreement on the Subject Assets pursuant to the terms thereof.


More Definitions of Subject Asset Sale

Subject Asset Sale means any sale by the Borrower or any of its Subsidiaries of assets pursuant to the Decision and Order dated May 1, 2012, issued by the U.S. Federal Trade Commission in connection with its review of the transactions contemplated by the Agreement and Plan of Merger, dated as of October 16, 2011, among Xxxxxx Xxxxxx, Inc., Sherpa Merger Sub, Inc., Sherpa Acquisition, LLC, Sirius Holdings Merger Corporation, Sirius Merger Corporation and El Paso Corporation.
Sample 1
Subject Asset Sale means an Asset Sale or series of related Asset Sales by Borrower or any of its Subsidiaries for which total consideration, when aggregated with the consideration paid in respect of all other Asset Sales (A) since the Amendment No. 1 Effective Date, exceeds $5,000,000 in the aggregate or (B) since the date of the last occurrence of a Subject Asset Sale, exceeds $5,000,000 in the aggregate."
Sample 1
Subject Asset Sale means the consummation of any transaction in which all or substantially all of the assets of the Company or ACN are sold or transferred to another party.
Sample 1

Related to Subject Asset Sale

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

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

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

  • Subject Assets is defined in Section 2.2(c).

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • REO Acquisition The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14.

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Significant Asset Sale means each Asset Sale which generates Net Sale Proceeds of at least $10,000,000.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.