Examples of Sale of Collateral in a sentence

If, Lender, in its Good Faith Business Judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any Sale of Collateral, Lender shall have the option, exercisable at any time, in its Good Faith Business Judgment, of either reducing the Obligations by the principal amount of purchase price or deferring the reduction of the Obligations until the actual receipt by Lender of the cash therefor.
EFIH shall establish an Asset Sale Cash Collateral Account with the Collateral Trustee prior to any Asset Sale of Collateral or other Oncor-related Assets.
Additionally, the Issuer (and, if applicable, EFH Corp.) may, at its option, make a Collateral Asset Sale Offer using proceeds from any Asset Sale of Collateral or other Oncor-related Assets at any time after consummation of such Asset Sale; provided that such Collateral Asset Sale Offer shall be in an aggregate amount of not less than $25.0 million.
Sale of Collateral Certificate 46 ARTICLE VI THE INDENTURE TRUSTEE Section 6.01.
Upon the commencement of an Asset Sale Offer or Sale of Collateral Offer, the Company will send, by first class mail, a notice to the Trustee and each of the Holders of Notes, with a copy to the Trustee.

More Definitions of Sale of Collateral

Sale of Collateral means any Asset Sale to the extent involving a sale, lease, conveyance, transfer or other disposition of Collateral.

Sale of Collateral means any Asset Sale to the extent involving a sale, lease or other disposition of Japan Slots or Japan Gate Leaseholds or any property or asset that constitutes Collateral. For the avoidance of doubt, the Company will not sell, lease, convey, transfer or otherwise dispose of the Japan Routes.

Sale of Collateral means any Asset Disposition to the extent involving assets or other rights or property that constitutes Collateral under the Security Documents.

Sale of Collateral means any Asset Sale involving a sale or other disposition of Collateral. “Secured Debt” means, as of any date of determination, an amount equal to (1) the aggregate principalamount of outstanding Indebtedness of the Partnership and its Restricted Subsidiaries (other than property orassets held in a defeasance or similar trust or arrangement for the benefit of the holders of the Indebtedness secured thereby) as of such date consisting of (without duplication) Indebtedness for borrowed money (including unreimbursed outstanding drawn amounts underfunded letters of credit (other than letters of credit in respect of trade payables)), Finance Lease Obligations, Attributable Debt and debt obligations evidenced by bonds, notes, debentures or similar instruments, determined on a consolidated basis in accordance with GAAP (excluding items eliminated in consolidation, and for the avoidance of doubt, excluding obligations under Hedging Contracts) that, in each case, is then secured by Liens on property or assets of the Partnership or its Restricted Subsidiaries and consists of the Notes or Indebtedness constituting of ABL Debt or Pari Passu Debt, minus (2) the amount of cash and Cash Equivalents held by the Partnership and its Restricted Subsidiaries as of the most recent date with respect to which a balance sheet is available.