Examples of Excluded Disposal Proceeds in a sentence
Disposal Proceeds means: (a) the Net Proceeds of any Disposal (other than any Disposal of Core Assets) made by any Group Member except for Excluded Disposal Proceeds; and (b) the Net Proceeds of any Disposal of Core Assets made by any Group Member or HHH Group Member (as applicable) provided that the Majority Lenders have given their prior consent to such Disposal.
Any reference in the Finance Documents to any amount, including, without limitation, Excluded Disposal Proceeds, Excluded Insurance Proceeds, Excess Listing Proceeds, Retained Excess Cashflow and Waived Amounts, being available to be used for a particular purpose, shall be construed to include the aggregate of all such amounts generated since the Signing Date to the extent not already used for another purpose.
General Reinvestment Basket has the meaning given to that term in the definition of Excluded Disposal Proceeds.
Where Excluded Disposal Proceeds are intended to be used for a specific purpose within a specified period, the Company shall ensure that those amounts are used for that purpose and, if requested to do so by the Agent, shall promptly deliver a certificate to the Agent at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.
Twenty-year contracts will help provide the long-term certainty needed to back up financial commitments to new customer resources that have lengthy capital recovery periods.