UNREINVESTED ASSET SALE PROCEEDS definition

UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Company and its Subsidiaries in the business of Company and its Subsidiaries within one year after the receipt by Company or any of its Subsidiaries of such Net Asset Sale Proceeds.
Sample 1Sample 2Sample 3
UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Company and its Subsidiaries in the business of Company and its Subsidiaries within (i) two years after the receipt by Company or any of its Subsidiaries of such Net Asset Sale Proceeds, in the case of an Asset Sale consisting of the issuance of capital stock by any of Company's Subsidiaries to a Third Party or (ii) one year after the receipt by Company or any of its Subsidiaries of such Net Asset Sale Proceeds, in the case of any other Asset Sale.
Sample 1Sample 2Sample 3
UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Company and its Subsidiaries in the business of Company and its Subsidiaries within six months after the date of receipt by Company or any of its Subsidiaries of such Net Asset Sale Proceeds or in the case of Net Asset Sale Proceeds from the sale of the Chester, New York, Montreal, Quebec or Melbourne, Australxx xxxxerties, (i) that portion of Net Asset Sale Proceeds that is not subject to a binding agreement with a third party to reinvest such net Asset Sale Proceeds entered into within six months after the date of receipt of such Net Asset Sale Proceeds or (ii) if subject to such a binding agreement, that portion of such Net Asset Sale Proceeds that shall not have been reinvested within nine months of such binding agreement, such reinvestment to be evidenced by an Officers' Certificate, satisfactory in form and substance to Administrative Agent, delivered by Company to Administrative Agent prior to the expiration of such six-month period and demonstrating in reasonable detail the reinvestment of such Net Asset Sale Proceeds as aforesaid.
Sample 1

More Definitions of UNREINVESTED ASSET SALE PROCEEDS

UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Borrower and its Subsidiaries in the business of Borrower and its Subsidiaries within (i) two years after the receipt by Borrower or any of its Subsidiaries of such Net Asset Sale Proceeds, in the case of an Asset Sale consisting of the issuance of capital stock by any of Borrower's Subsidiaries to a Third Party or (ii) one year after the receipt by Borrower or any of its Subsidiaries of such Net Asset Sale Proceeds, in the case of any other Asset Sale.
Sample 1Sample 2
UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Company and its Subsidiaries in the business of Company and its Subsidiaries within six months after the date of receipt by Company or any of its Subsidiaries of such Net Asset Sale REVOLVING LOAN CREDIT AGREEMENT EXECUTION 40 48 Proceeds or, in the case of Net Asset Sale Proceeds from the sale of the Chesxxx, Xxw York, Montreal, Quebec or Melbourne, Australia properties, (i) that portion of Net Asset Sale Proceeds that is not subject to a binding agreement with a third party to reinvest such Net Asset Sale Proceeds entered into within six months after the date of receipt of such Net Asset Sale Proceeds or (ii) if subject to such a binding agreement, that portion of such Net Asset Sale Proceeds that shall not have been reinvested within nine months of such binding agreement, such reinvestment to be evidenced by an Officers' Certificate, satisfactory in form and substance to Administrative Agent, delivered by Company to Administrative Agent prior to the expiration of such six-month period and demonstrating in reasonable detail the reinvestment of such Net Asset Sale Proceeds as aforesaid.
Sample 1
UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that shall not have been reinvested by Company and its Subsidiaries in the business of Company and its Subsidiaries within one year, or if the Company or any Subsidiary entered into a legally binding commitment to so reinvest such Net Asset Sale Proceeds prior to the expiration of such one year period, within 180 days following such one year period, after the receipt by Company or any of its Subsidiaries of such Net Asset Sale Proceeds.
Sample 1
UNREINVESTED ASSET SALE PROCEEDS means that portion, if any, of any Net Asset Sale Proceeds that have not, within 30 days prior to or 180 days after the date of receipt by Holdings or any of its Subsidiaries of such Net Asset Sale Proceeds, been invested in advance (in the case of investments during such 30-day period prior to their receipt) or reinvested by Company and its Subsidiaries, in each case through acquisitions of fixed assets or other income-producing assets to be used in the business of Company and its Subsidiaries (which assets, if acquired prior to the date of such receipt, shall be of like kind with the assets disposed of in the applicable Asset Sale), such reinvestment to be evidenced by an Officer's Certificate, reasonably satisfactory in form and substance to Administrative Agent, delivered by Company to Administrative Agent within 180 days after the date of such receipt and demonstrating in reasonable detail the reinvestment of such Net Asset Sale Proceeds as aforesaid; provided that, in the event a Potential Event of Default -------- or an Event of Default shall have occurred and be continuing at the time of receipt by Holdings or any of its Subsidiaries of any Net Asset Sale Proceeds, such Net Asset Sale Proceeds shall be deemed to be Unreinvested Asset Sale Proceeds at the time of receipt thereof.
Sample 1

Related to UNREINVESTED ASSET SALE PROCEEDS

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

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

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.

  • Net Asset Sale Proceeds means, with respect to any Asset Sale, Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received from such Asset Sale, net of any bona fide direct costs incurred in connection with such Asset Sale, including (i) income taxes reasonably estimated to be actually payable within two years of the date of such Asset Sale as a result of any gain recognized in connection with such Asset Sale and (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding only the proceeds of any sale or disposition of any Notes Collateral.

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale, (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the Closing Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • Below Threshold Asset Sale Proceeds shall have the meaning assigned to such term in the definition of the term “Cumulative Credit.”

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

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

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

  • Noncash proceeds means proceeds other than cash proceeds.

  • 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).

  • 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:

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

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

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • 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.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Deferred Net Cash Proceeds shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • 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;

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.