Examples of Applicable Proceeds in a sentence
Upon completion of any Asset Disposition Offer, the amount of Applicable Proceeds and Excess Proceeds shall be reset at zero.
The Issuer may satisfy the foregoing obligation with respect to the Applicable Proceeds by making an Asset Disposition Offer prior to the expiration of the Proceeds Application Period (the “Advance Offer”) with respect to all or a part of the Applicable Proceeds (the “Advance Portion”) in advance of being required to do so by this Indenture.
Pending the final application of an amount equal to the Applicable Proceeds pursuant to this Section 4.16, the Holder of such Applicable Proceeds may apply any Applicable Proceeds temporarily to reduce Indebtedness outstanding under a revolving credit facility (including under the First Lien Credit Facilities) or otherwise invest such Applicable Proceeds in any manner not prohibited by this Indenture.
Capital Stock constituting a minority interest in any Person that at such time is a Real Estate Subsidiary of Propco; provided, that any such real property and Capital Stock are pledged as Collateral securing the Notes in accordance with the Security Documents;provided further, that for purposes of the calculation of Applicable Proceeds, any such real property shall be valued at fair market value based on one or more broker opinions of value from a broker of national standing selected by the Guarantor.
It will be responsible for undertaking risk assessment exercises covering all areas of information technology and evaluating relevant risk- mitigating controls to strengthen IT procedures.