Offer Excess Proceeds definition

Offer Excess Proceeds. 10.15 "Paying Agent" or "Agent" 3.02 "Physical Notes" 3.03 "Registrar" 3.02 "Replacement Assets" 10.15 "Restricted Period" 3.17 "Revocation" 10.21 "surviving entity" 8.01 "US Designation Amount" 10.21
Offer Excess Proceeds. (e) Section 5.01 of the Indenture is amended by deleting the text of subsections (iii), (iv), (v), (vi), (vii) in their entirety and inserting in lieu thereof "[intentionally omitted]".
Offer Excess Proceeds. 10.16 "Replacement Assets" 10.16 "Surviving Entity" 8.01

Examples of Offer Excess Proceeds in a sentence

  • Upon completion of the Asset Sale Offer, Excess Proceeds will be reset to zero, and any Excess Proceeds remaining after consummation of the Asset Sale Offer may be used for any purpose not otherwise prohibited by this Indenture.

  • Upon completion of each Asset Sale Offer, Excess Proceeds subject to such Asset Sale and still held by the Company shall no longer be deemed to be Excess Proceeds.

  • When the aggregate amount of Offer Excess Proceeds equals or exceeds $10.0 million, the Company shall make an offer to purchase (an “Asset Sale Offer”), from all Holders issued under this Indenture, that aggregate principal amount of Notes as can be purchased by application of such Offer Excess Proceeds at a price in cash equal to 100% of the principal amount thereof plus, in each case, accrued and unpaid interest, if any, to the purchase date.

  • Upon completion of such Asset Sale Offer, the amount of Offer Excess Proceeds shall be reset to zero.

  • Upon completion of the Asset Sale Offer, Excess Proceeds will be reset to zero, and any Excess Proceeds remaining after consummation of the Asset Sale Offer may be used for any purpose not otherwise prohibited by the indenture.

  • Upon completion of such Asset Sale Offer, Excess Proceeds shall be reset at zero.

  • To the extent that the aggregate purchase price for the applicable issue of Notes tendered pursuant to an Asset Sale Offer is less than the Offer Excess Proceeds, the Company or any Restricted Subsidiary may use such deficiency for general corporate purposes.

  • Any Excess Proceeds not used as set forth in clause (i) of the second preceding sentence shall constitute "Offer Excess Proceeds" subject to disposition as provided below.

  • Special Procedures for Change in Control Offer, Excess Proceeds Offer and Capital Infusion Offer.....

  • EFIH and/or any of its Restricted Subsidiaries shall commence a Collateral Asset Sale Excess Proceeds Offer with respect to Collateral Offer Excess Proceeds within 10 Business Days after the conclusion of any Collateral Asset Sale Offer (or sequential Collateral Asset Sale Offers to holders of Senior Lien Debt and Junior Lien Debt) required by the Secured Debt Documents by mailing or delivering the notice required pursuant to the terms of this Indenture, with a copy to the Trustee.


More Definitions of Offer Excess Proceeds

Offer Excess Proceeds has the meaning set forth in Section 4.15. ---------------------
Offer Excess Proceeds has the meaning set forth in Section 4.15.

Related to Offer Excess Proceeds

  • Excess Proceeds With respect to any Liquidated Mortgage Loan, the amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage Loan received in the calendar month in which such Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of such Liquidated Mortgage Loan as of the Due Date in the month in which such Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Interest Rate from the Due Date as to which interest was last paid or for which a Periodic Advance was made (and not reimbursed) up to the Due Date applicable to the Distribution Date immediately following the calendar month during which such liquidation occurred.

  • Allocable Excess Proceeds will mean the product of:

  • Offer Amount has the meaning set forth in Section 4.12(e).

  • Net Proceeds Offer Amount has the meaning set forth in Section 4.16.

  • Asset Sale Offer Amount shall have the meaning specified in Section 4.14.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Change of Control Offer has the meaning provided in Section 4.15.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Sale Amount means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Pari Passu Indebtedness means any Indebtedness of the Issuer or any Guarantor that ranks pari passu in right of payment with the Notes or the Note Guarantees, as applicable.

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

  • Declined Amounts has the meaning specified in Section 2.05(c).

  • Declined Amount as defined in Section 2.12(e).

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • 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).