Applicable Net Proceeds definition
Applicable Net Proceeds means the product of (i) the net proceeds from a particular transaction and (ii) the applicable Instrument Distribution Percentage.
Applicable Net Proceeds has the meaning assigned to such term in Section 2.10(c)(ii).
Applicable Net Proceeds means any Net Proceeds other than (i) Excluded Net Proceeds (as defined in the Amendment Agreement) and
Examples of Applicable Net Proceeds in a sentence
Upon the application of such Applicable Net Proceeds as per this provision (b), the outstanding Face Amount of the Securities will be reduced by an amount equal to the dollar amount of such distribution.
In the event the Issuer Transfers shares of the Company to a third-party in a transaction that does not result in a Change of Control, the Issuer shall, within ninety calendar days of its receipt thereof, apply the aggregate U.S. Dollar amount of such Applicable Net Proceeds received by it in connection with such transaction to either, separately or in combination, (i) make a payment under the Securities to the Holders thereof, or (ii) repurchase Securities pursuant to a Qualified Tender Offer.
More Definitions of Applicable Net Proceeds
Applicable Net Proceeds means (a) in connection with an Asset Sale or a Liquidation, the Net Asset Proceeds and (b) in connection with a Stock Sale or a Merger, the Net Stock Proceeds.
Applicable Net Proceeds means (a) in connection with an Asset Sale or a Liquidation, the quotient of (x) the Net Asset Proceeds divided by (y) the then applicable Series M Factor and (b) in connection with a Stock Sale or a Merger, the quotient of (x) Net Stock Proceeds divided by (y) the then applicable Series M Factor.
Applicable Net Proceeds means the quotient of (x) either:
Applicable Net Proceeds means any Net Proceeds other than (i) Excluded Net Proceeds (as defined in the Amendment Agreement) and (ii) any Net Proceeds that constitute Declined Proceeds as a result of any Lender holding Term B-7 Loans declining a Waivable Mandatory Prepayment pursuant to Section 2.11(b).