Asset Sale Event means any sale, transfer or other disposition of Collateral outside the ordinary course of business, if any such Collateral was included for purposes of calculating the Collateral Value Amount then in effect and such sale, transfer or disposition will result in the release of such Collateral from the Liens granted under the Security Documents.
Asset Sale Event means any sale, transfer or other disposition of any business units, assets or other property of Holdings or any of the Restricted Subsidiaries not in the ordinary course of business (excluding any sale, transfer or other disposition of assets among the Canadian Borrower and the Guarantors) other than any such event or transaction (or series of related events or transactions) the Net Cash Proceeds of which are less than $7,500,000. Notwithstanding the foregoing, the term “Asset Sale Event” shall not include any transaction permitted by Section 6.04, other than transactions permitted by Sections 6.04(b) and 6.04(f) if they otherwise qualify under this definition as an Asset Sale Event.
Asset Sale Event means any sale, transfer or other disposition of any business units, assets or other property of Holdings or any of the Restricted Subsidiaries not in the ordinary course of business (including any sale, transfer or other disposition of any capital stock of any Subsidiary of Holdings owned by Holdings or a Restricted Subsidiary, including any sale or issuance of any capital stock of any Restricted Subsidiary). Notwithstanding the foregoing, the term “Asset Sale Event” shall not include any transaction permitted by Section 6.04, other than transactions permitted by Sections 6.04(b) and 6.04(f).
Examples of Asset Sale Event in a sentence
Put Option Event means a Change of Control Event or a Material Asset Sale Event.
Material Asset Sale Event means, except if it constitutes a Total Loss Event: (a) any of the Norwegian Low Frequency Licenses and Norwegian High Frequency Licenses are sold or disposed of; or (b) the Issuer ceases to be the owner (directly or indirectly) of the Subsidiaries owned by the Issuer at the time of the Bond Issue (however excluding the Swedish Subsidiary and the Danish Subsidiary for the purposes of determining a Material Asset Sale Event).
If a pro rata portion of all of the Assets is to be purchased pursuant to an exercise of the Asset Sale Event Option, such pro rata portion shall be equal to the pro rata portion that the unpaid Asset Sale Event Asset Acquisition Cost (as defined below) represents of the aggregate unpaid Acquisition Cost.
Material Asset Sale Event means, except if it constitutes a Total Loss Event: (a) any of the Norwegian Low Frequency Licenses and Norwegian High Frequency Licenses are sold or disposed of; or (b) the Issuer ceases to be the owner (directly or indirectly) of the Guarantors owned by the Issuer at the time of the Bond Issue (however excluding the Swedish Guarantor and the Danish Subsidiary for the purposes of determining a Material Asset Sale Event).
More Definitions of Asset Sale Event
Asset Sale Event means the sale, for cash, of all or substantially all of the assets of DBSD and its subsidiaries, on a consolidated basis.
Asset Sale Event means any sale, lease, licence, transfer or other disposal, quotation or exchange by the Issuer – either directly or indirectly through any Subsidiary, vehicle, partnership, joint venture, investment fund or entity of any other nature – of any property, receivable, interest, asset, share, stock, fund unit, undertaking, business or any other instrument (whether by a voluntary or involuntary single transaction or series of connected transactions) either in full or in part, for an amount, individually or in the aggregate (in the context of the same transaction), equal to or exceeding Euro 10,000,000 (or its equivalent in any other currency or currencies);
Asset Sale Event means the receipt by any Company of cash proceeds or cash distributions of any kind in consideration for an Asset Sale.
Asset Sale Event means the sale, for cash, of all or substantially all of the assets of DBSD and its subsidiaries, on a consolidated basis. “Equity Valuation” means the aggregate value for the number of shares of Common Stock outstanding immediately following the Restructuring (appropriately adjusted for stock splits, recombinations and similar events) (the “Original Shares”) based on (i) in the case of a Sale Event, the actual value per share received in respect of the Original Shares as a result of the Sale Event; (ii) in the case of a Public Merger Event, the per share VWAP of the equity securities received in such transaction in respect of the Original Shares during any Reference Period following such Public Merger Event and ending prior to the expiration date of the Warrants; (iii) in the case of a Qualified Offering, the per share VWAP of the Original Shares during any Reference Period following the Qualified Offering and ending prior to the expiration date of the Warrants; (iv) in the case of an Asset Sale Event, the per share value of the Original Shares, after reduction for all liabilities (including contingent liabilities) of DBSD, of the consideration received by DBSD as a result of the sale; and (v) in the case of a Liquidation Event, the per share value of the consideration received by DBSD Stockholders in respect of the Original Shares as a result of the Liquidation Event; in each case increased by the aggregate value of any dividends or distributions made to DBSD stockholders from the date of the consummation of the Restructuring until the Valuation Event. For Settlement Purposes Only – Subject to FRE Rule 408
Asset Sale Event has the meaning specified in Section 2.05(b).
Asset Sale Event means any asset sale by the Company or any of its direct or indirect subsidiaries outside the ordinary course of business, other than a sale relating to Affinia’s Xxxx/Arnley foreign nameplate distribution business or Xxxxxxx Xxxxxx European parts supply business.
Asset Sale Event means any Disposition, or series of related Dispositions, after December 15, 2002 of any property of the Parent or any of its Subsidiaries (excluding (A) any Disposition permitted by Section 5.02(f)(i), (B) sales of accounts receivable by Cogenex Corporation and its Subsidiaries and Energy Performance Services, Inc. and (C) sales or other dispositions of worn out or obsolete equipment no longer used and useful in the business of the Parent and its Subsidiaries, to the extent that the proceeds of such sales or other dispositions are used to acquire replacement equipment) that yields gross proceeds to the Parent 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) to the Parent or any of its Subsidiaries in excess of $1,000,000; provided, however, that any Disposition or series of related Dispositions by a Utility that would otherwise constitute an Asset Sale Event shall not constitute an Asset Sale Event except to the extent that the amount of the proceeds thereof that are paid to the Parent as a dividend (as declared by the Board of Directors of such Utility in its sole discretion in compliance with all applicable regulatory restrictions) exceeds $1,000,000.