Tower Sale definition

Tower Sale means the transactions contemplated by the Tower Sale Agreement.
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Tower Sale means the sale of up to $75,000,000 of assets to American ---------- Tower, L.P. and the leaseback of such assets pursuant to the Asset Purchase Agreement (the "Tower Sale Asset Purchase Agreement") dated July 13, 1999, among ----------------------------------- Triton PCS Operating Company L.L.C., Triton PCS Property Company L.L.C. and American Tower, L.P.; provided that the value of the assets sold in connection -------- with the Tower Sale shall not exceed $75,000,000 in the aggregate.
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Tower Sale the sale of transmitting tower sites pursuant to the Asset Purchase and Sale Agreement, dated as of April 10, 1998, by and among OmniAmerica, Inc. and certain wholly-owned Subsidiaries of the Parent.
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Examples of Tower Sale in a sentence

  • Celcom will eventually own a total of 20% equity in Sacofa upon completion of the Tower Sale Agreement for the disposal of 12 Communication Towers owned by Celcom to Sacofa to be satisfied via issuance of new shares from Sacofa.

  • Results from Discontinued Operations ($ millions) Tower Sale and LeasebacksIn 2017 and 2018, the Group announced agreements to sell and leaseback wireless communications towers in Paraguay, Colombia and El Salvador.

  • The MobileMedia Tower Sale shall have been consummated and the net proceeds thereof received by MobileMedia Corp.

  • True and correct copies of the Current Financials of the Companies, together with a Compliance Certificate prepared as of the Closing Date, on a pro forma basis after giving effect to the closing of the Loan Papers and all related transactions, Sygnet Merger, Xxxxxx Acquisition, Sygnet Tower Sale, and Sygnet Tower Lease.

  • Tower Sale and Leaseback - ColombiaOn 18 July 2017, the group announced that its subsidiary Colombia Móvil S.A. E.S.P ("Tigo") has agreed to sell approximately 1,200 wireless communications towers to a subsidiary of American Tower Corporation ("ATC") in Colombia.

  • Evidence satisfactory to Administrative Agent in the form of a solvency opinion that, as of the closing, after giving effect to the Xxxxxx Acquisition, the Sygnet Merger, the Sygnet Tower Sale, and the Sygnet Tower Lease, Borrower is Solvent and the Companies, on a consolidated basis, are Solvent.

  • An opinion from securities counsel to the Companies addressed to Administrative Agent and Lenders, stating that the Debt incurred under the Agreement and related Loan Papers, the capital contributions made by Communications and Parent, the Sygnet Merger, the Xxxxxx Acquisition, the Sygnet Tower Sale, and the Sygnet Tower Lease are in compliance with the terms of the Communications Bond Debt, the Indenture for the Senior Reserve Notes, and the Certificates of Designation for the Senior Preferred Stock.

  • DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Continued) Tower Sale and Leaseback - ParaguayOn April 26th, 2017, the Group announced an agreement to sell and leaseback approximately 1,400 wireless communications towers in Paraguay to a subsidiary of American Tower Corporation (“ATC”) whereby Millicom agreed the sale of tower assets and to lease back a dedicated portion of each tower to locate its network equipment in exchange for cash.

  • Subsequently, Celcom’s interest in Sacofa was increased to 20% upon completion of the Tower Sale Agreement on 28 September 2005 for the disposal of 12 communication towers owned by Celcom to Sacofa for a consideration of RM6.0 million.

  • On September 3, 1998, MobileMedia repaid $170,000 of borrowings under the Pre-Petition Credit Agreement with proceeds from the Tower Sale (see Note 3).


More Definitions of Tower Sale

Tower Sale has the meaning specified in the Acquisition Agreement.
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Tower Sale means the sale of certain tower assets by Borrower and its Restricted Subsidiaries to any Person pursuant to definitive documentation on substantially the terms set forth in the letter of intent dated September 5, 2003, together with the other transactions contemplated thereby.”
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Tower Sale means the sale of substantially all of Sygnet Communications, Inc.'s towers to Xxxxxx Tower Company or any of its Affiliates.
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Related to Tower Sale

  • Permitted Sale means those sales, transfers or assignments permitted by the Credit Agreement.

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

  • Permitted Sale Leaseback means any Sale Leaseback consummated by the Borrower or any of the Restricted Subsidiaries after the Original Closing Date, provided that any such Sale Leaseback not between (a) a Credit Party and another Credit Party or (b) a Restricted Subsidiary that is not a Credit Party to another Restricted Subsidiary that is not a Credit Party is consummated for fair value as determined at the time of consummation in good faith by (i) the Borrower or such Restricted Subsidiary and, in the case of any Sale Leaseback (or series of related Sales Leasebacks) the aggregate proceeds of which exceed $100,000,000, (ii) the board of directors of the Borrower or such Restricted Subsidiary (which such determination may take into account any retained interest or other Investment of the Borrower or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale Leaseback).

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

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • 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.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • 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:

  • Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.

  • Pro Rata Acquisition has the meaning set forth in the definition of "Acquiring Person" herein.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Securities Financing Transactions means collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions.

  • Refinancing Transactions means the transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

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

  • Timber Sale Area means the area or areas designated as such on Exhibit A and located on the ground by reference to legal subdivisions, monuments, natural land features, improvements, or sale boundary signs. Down Timber is defined as timber that is down as of the date of this contract, as determined by STATE.

  • 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.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Permitted Sale-Leaseback Transactions means any sale or transfer by the Company or any of its Restricted Subsidiaries of any Principal Property owned by the Company or any of its Restricted Subsidiaries with the intention of taking back a lease thereof; provided, however, that “Permitted Sale-Leaseback Transactions” shall not include any such transaction involving machinery and/or equipment (excluding any lease for a temporary period of not more than thirty-six months with the intent that the use of the subject machinery and/or equipment will be discontinued at or before the expiration of such period) relating to facilities (a) in full operation for more than 180 days as of the date of this Supplemental Indenture and (b) that are material to the business of the Company and its Subsidiaries, taken as a whole, to the extent that the aggregate Attributable Value of the machinery and/or equipment from time to time involved in such transactions (giving effect to payment in full under any such transaction and excluding the Applied Amounts, as defined in the following sentence), plus the amount of obligations and Indebtedness from time to time secured by Liens incurred under Section 6.1(18), exceeds the greater of (i) $1,000 million and (ii) 15.0% of Net Worth as determined at the time of, and immediately after giving effect to, the incurrence of such transactions based on the balance sheet for the end of the most recent quarter for which financial statements are available (such greater amount, the “Applicable Threshold”). For purposes of this definition, “Applied Amounts” means an amount (which may be conclusively determined by the Board of Directors of the Company) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the applicable machinery and/or equipment, that is applied within 180 days of the applicable transaction or transactions to repayment of the Notes or to the repayment of any indebtedness for borrowed money which, in accordance with GAAP, is classified as long-term debt and that is on parity with the Notes.

  • Sale Leaseback means any transaction or series of related transactions pursuant to which the Borrower or any of the Restricted Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.