Asset Sale definition

Asset Sale means any sale, issuance, conveyance, transfer, lease or other disposition (including, without limitation, by way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of:

Asset Sale any Disposition of Property or series of related Dispositions of Property (excluding any such Disposition permitted by clause (a), (b), (c), (d) or (g) of Section 6.5) which yields gross proceeds to the Borrower or any of its Subsidiaries (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $10,000,000.

Asset Sale means a Disposition to any Person, in one transaction or a series of transactions, of all or any part of the Borrower’s or any of its Subsidiaries’ property or rights, including any sale or issuance of Equity Interests of any of the Borrower’s Subsidiaries, in each case, other than:

Examples of Asset Sale in a sentence

• The Distribution will be paid to USI’s stockholders following the closing of the Asset Sale.

• For a period of at least ninety (90) days following the approval of the Asset Sale by USI’s stockholders at the Meeting (the period between the date hereof and the end of such 90-day period, the “Negotiation Period”), notwithstanding USI’s stockholders vote to approve such proposal to liquidate and dissolve USI at the Meeting, USI hereby agrees not to consummate any liquidation or dissolution of USI.

• In addition, the intention of the Parties is that the net proceeds from the Asset Sale would also be used to fund the Distribution.

• In the event the Asset Sale does not close, the Parties shall use their commercially reasonable efforts to collaborate with each other to determine the best course of action for USI’s business following the failure to close the Asset Sale.

• Within five business days following the approval of the Asset Sale at the Meeting, USI shall create a wholly owned subsidiary that will be engaged in a business to be mutually agreed to by USI and A&C.

More Definitions of Asset Sale

Asset Sale means any loss, damage, destruction or condemnation of, or any Disposition (including any sale and leaseback of assets and any mortgage or lease of Real Property) to any person of, any asset or assets of the Borrower or any Subsidiary.

Asset Sale means:

Asset Sale has the meaning specified in Section 8.4 (Sale of Assets).

Asset Sale means any direct or indirect sale, issuance, conveyance, transfer, lease (other than operating leases entered into in the ordinary course of business, consistent with past practice), assignment or other transfer of:

Asset Sale means any sale of any assets, including by way of the sale by the Borrower or any of its Subsidiaries of equity interests in such Subsidiaries.

Asset Sale means any sale, transfer or other disposition by the Borrower or any of its Subsidiaries to any Person (including by way of redemption by such Person), other than to the Borrower or a Wholly-Owned Subsidiary of the Borrower, of any asset (including, without limitation, any capital stock or other securities of, or Equity Interests in, another Person) other than pursuant to Section 10.10(i)-(xi).

Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of: