Applicable Proceeds definition

Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii).

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Applicable Proceeds has the meaning assigned to such term in Section 4.11.

Applicable Proceeds means any and all proceeds of casualty insurance or condemnation held by the Administrative Agent pursuant to the Loan Documents in connection with a casualty or condemnation event for which the conditions for use thereof by the Borrower or any Subsidiary, as set forth in the Loan Documents, shall not have been satisfied.

Examples of Applicable Proceeds in a sentence

• Pending the final application of any such amount of Applicable Proceeds, Parent, the Issuer or any Restricted Subsidiary may temporarily reduce Indebtedness under a revolving credit facility, if any, or otherwise invest or utilize such Applicable Proceeds in any manner not prohibited by this Indenture and the Security Documents.

• Upon completion of each Asset Sale Offer, the amount of Applicable Proceeds and Excess Proceeds shall be reset at zero.

• For the avoidance of doubt, nothing in this Indenture shall be construed to require Parent, the Issuer or any Restricted Subsidiary to repatriate cash or to apply any Applicable Proceeds in the event that such repatriation is not permitted under applicable local law, rule or regulation, applicable organizational documents or agreements or other impediment or would result in material adverse tax consequences.

• Upon completion of any Asset Sale Offer, the amount of Applicable Proceeds and Excess Proceeds shall be reset at zero.

More Definitions of Applicable Proceeds

Applicable Proceeds means 100.0% of the Net Cash Proceeds from an Asset Sale; provided that so long as no Event of Default shall have occurred and be continuing or would result therefrom, the Applicable Proceeds shall be reduced to (1) 50.0% of the Net Cash Proceeds from an Asset Sale if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 or (2) 0% if, on a Pro Forma Basis after giving effect to such Asset Sale and the use of proceeds therefrom, the Consolidated Senior Secured Net Debt Ratio would be less than or equal to 3.00 to 1.00.

Applicable Proceeds means Permitted Receivables Transaction Proceeds but excluding in any event proceeds of subsequent sales of Receivables Facility Assets pursuant to a Permitted Receivables Transaction after the initial sale date except to the extent to which the respective sale increases Permitted Receivables Transaction Outstandings under Permitted Receivables Transactions (including for the avoidance of doubt, any Permitted Receivables Transaction entered into prior to the Fifth Amendment and Restatement Effective Date) to an amount in excess of the highest amount of Permitted Receivables Transaction Outstandings previously attained

Applicable Proceeds means Debt Issuance Proceeds and Equity Issuance Proceeds.

Applicable Proceeds shall have the meaning set forth in Section 6(c)(i) hereof.

Applicable Proceeds means any and all cash, securities or other property received by Borrower pursuant to the Settlement Agreement, including any proceeds from the sale of any securities that were received by Borrower pursuant to the terms of the Settlement Agreement.

Applicable Proceeds has the meaning set forth in Section 2.05(b)(ii). “Applicable Rate” means:

Applicable Proceeds means (i) the net cash proceeds received by the Company from the sale of the Company’s messaging business at any time after the Closing, and (ii) up to $15,000,000 of any tax refund amounts received by the Company in the fourth quarter of 2021 related to its 2020 federal income tax return.