Sale Facility definition

Sale Facility means the arrangement under which a Designated Member is required to transfer their shares to the Sale Nominee on the basis that the Sale Nominee is entered in the Register in respect of those Sale Shares, and will sell the Sale Shares for cash to pay the Sale Consideration to the relevant Designated Member;

Sale Facility or “Sale Facilities” shall mean the Xxxxxx Facility, the Athens Facility, the Saginaw Steering Facility, and the Sandusky Facility.

Sale Facility means the facility to be established by the Sale Agent under which the Clean TeQ Water Shares to which Ineligible Foreign Shareholders and Selling Shareholders would otherwise be entitled under the Demerger will be transferred to the Sale Agent and sold on their behalf as described more fully in Section 8.6.

Examples of Sale Facility in a sentence

• For the purpose of this rounding calculation, the Existing Units held by the Sale Nominee under the Sale Facility will be treated as if they represented separate holdings of those Ineligible Foreign Securityholders who transferred those Existing Units to the Sale Nominee, with the rounding calculation applying to each such separate holding.

• Sale Facility Account means the account established by the Sale Nominee in its own name, to which the Sale Nominee must deposit all funds received in respect of the Sale Securities.

• Scheme Consideration means, in respect of each Scheme, that number of Units as set out in the Scheme to be issued to Scheme Participants at the application price set out in clause 14.1. Scheme Participant means an Investor at 7pm on the Record Date (other than an Ineligible Foreign Securityholder) and the Sale Facility Agent, and Scheme Participants means all of them.

• Sale Consideration means the average price (net of transaction costs including without limitation any applicable brokerage, stamp duty and other taxes or charges) at which those Stapled Securities held by the Sale Nominee are sold under the Sale Facility, multiplied by the number of Stapled Securities held by and sold by the Sale Nominee for, the relevant Designated Foreign Investor.

• Unit Sale Facility Transfer Form means, for each Ineligible Foreign Securityholder, a duly completed and executed proper instrument of transfer for the Units to the RE for the purposes of section 1071B of the Corporations Act, which may be a master transfer form.

More Definitions of Sale Facility

Sale Facility means the facility described in Section 3.3 of the Scheme Booklet.

Sale Facility shall be an increase in the DIP Facility funded as of the Closing Date in an amount up to the portion of the Purchase Price and shall consist of the amount of the Existing DIP Payment Amounts and the amounts described in Section 3.1(b)(ii), equal to the Fee Payment Cap to pay Fee Claims, U.S. Trustee Fees incurred as a result of Closing disbursements and post-Closing, and Wind Down Budget in an aggregate amount not exceeding $1,500,000, Cure Amounts to the extent not paid from operating funds estimated at $6,731,000 for Mission Critical Vendors plus $123,000 for other executory contract holders, and Priority Claims estimated at $706,000 as agreed by the Buyer and Sellers in the Sale Facility Budget.

Sale Facility means the facility to be administered by the Sale Agent pursuant to which Ineligible Foreign Shareholders and Small Parcel Holders (excluding Excluded Small Parcel Holders) will have their Share Scheme Consideration sold on their behalf and have the net proceeds of sale remitted to them under the terms of the Share Scheme.

Sale Facility means the agreement by ANZ or its nominee to sell the Delivery Parcel for and on your behalf, at your direction, and as your agent, on the Settlement Date in accordance with clause 3.4 of the Terms; SECTIoN 10GlOSSary48 – 49SECTIoN 10

Sale Facility or “Sale Facilities” shall mean the Xxxxxx Facility, the Athens Facility, the Saginaw Steering Facility, and the Sandusky Facility. Section 1.183 “Sale Proceeds” shall mean the gross amount received from a third party purchaser for the purchase of any of the Sale Businesses, whether as a going concern or an asset sale, in whole or in part, whether through cash, promissory note, assumption of indebtedness or other valuable consideration, less reasonable amounts actually paid by Delphi for break-up fees or expense reimbursement payments and a success fee for Delphi’s investment banker. Section 1.184 “Sandusky Advance” shall have the meaning ascribed to such term in section 4.04(e)(i) of this Agreement. Section 1.185 “Sandusky Business” shall mean the properties, assets, rights, titles and interests owned by Delphi and its Affiliates that are primarily used or held for use in the wheel bearings business conducted at the Sandusky Facility, including without limitation, the following assets, to the extent used primarily in, or primarily related to, such business: the Sandusky Facility, all personal property, inventory, contracts, administrative assets, permits, intellectual property used primarily in the bearings business which is operated at the Sandusky Facility, technical documentation, goodwill, interests in all joint ventures, if any, and any sale proceeds received or due with respect to a sale of any of the foregoing (excluding de minimis asset sales and sales in the ordinary course of business, including sales of surplus and obsolete machinery and equipment), but excluding: (A) third party assets, including customer bailed assets such as tooling, dunnage, dies and molds, (B) Delphi corporate trademark rights (other than a transitional license to use any trademarks to the extent contained in tooling, molds, equipment, inventory or other stock on hand) and intellectual property which is not used primarily in connection with such business (subject to the non-exclusive license to use such intellectual property described in section 4.06(a)(viii)), (C) cash, cash equivalents and accounts receivable, (D) corporate insurance policies, (E) books and records that are required to be retained by law; provided that, subject to applicable legal requirements, GM and the applicable Business Optionee shall have access at all times to such books and records and such books and records will be retained and not destroyed without providing GM or the applicable Business Option...

Sale Facility means the facility by which the Sales Agent disposes of certain Beadell Shares held by Ineligible Foreign Shareholders or Electing Small Shareholders;

Sale Facility means a facility to be established by ABR and managed by the Sale Agent under which the Scheme Consideration which otherwise would be received by Ineligible Foreign Shareholders will be sold in accordance with the Scheme and the agreement to be entered into between ABR and the Sale Agent. Scheme means the scheme of arrangement, substantially in the form set out in Annexure 1 under Part 5.1 of the Corporations Act between ABR and ABR Shareholders as described in clause 4, subject to any alterations or conditions made or required by the Court under section 411(6) of the Corporations Act and approved in writing by ABR and Holdco.