AV Sale definition
AV Sale means the sale of the AV Business in accordance with the consent of the Lenders granted under the Fourth Amendment to the Credit Agreement dated as of December 23, 1999.
AV Sale means a Transfer of Shares from an Investor to an AV Transferee.
Examples of AV Sale in a sentence
The Term Loan Lenders hereby waive any Event of Default under Section 8(a) of the Credit Agreement resulting from the Borrowers' failure to make the Term Loan principal payments due on December 31, 1999 and March 31, 2000, provided that such waiver shall automatically terminate and be of no force or effect (and such principal payments shall thereupon become automatically due and payable) on the earlier of (x) the business day on which the AV Sale is consummated or (y) October 1, 2000.
The consent for the A/V Sale, as granted under the Fourth Amendment to the Credit Agreement, is hereby withdrawn and of no further force or effect.