Asset Disposal Proceeds definition
Asset Disposal Proceeds means the cash consideration received by any member of Target Group, by any member of the BidCo Group or by Cemex Parent or any of its Subsidiaries (including any amount receivable in repayment of intercompany debt) for any Disposal of BidCo, Target or any of its or their assets which takes place at any time prior to the earlier of (i) the Acquisition of BidCo Date and (ii) the date on which BidCo becomes a Guarantor (except in respect of any Excluded Asset Disposal Proceeds) after deducting:
Asset Disposal Proceeds means the net proceeds of enforcement, or where no enforcement is carried out, termination, of the related Lease Contract arising from the sale, re-lease or other disposition of the Underlying Asset by the Servicer in the event of default by the Obligor;
Examples of Asset Disposal Proceeds in a sentence
The Total Term Commitment shall permanently reduce on each day on which any Gerdau Canada Group Member disposes of any capital assets having a book value exceeding Cdn.$5,000,000 by an amount equal to the Net Asset Disposal Proceeds of such disposal.