Excluded proceeds. With respect to any disposition of assets purchased by the Companies after the date hereof in accordance with the requirements of Section 7.04, that portion of the Net Cash Proceeds thereof which is less than or equal to the portion of the funds used to finance the acquisition of such assets derived from cash equity contributions to the Borrower, provided that (a) such amount shall have been specified as such on the Schedule of Sources of Acquisition Funds delivered to the Agent in connection with, and prior to, such Acquisition, and (b) such equity contributions shall have been made on terms and conditions reasonably satisfactory to the Required Lenders.
Appears in 2 contracts
Sources: Credit Agreement (Acme Intermediate Holdings LLC), Credit Agreement (Acme Television LLC)