Basket Assets definition
Basket Assets means assets (other than assets relating to the ▇▇▇▇▇▇▇ Facility), the sale or disposition of which pursuant to an Asset Sale results in Net Proceeds not in excess of $150,000,000 in the aggregate for all such assets since the Closing Date, that have been designated by the Borrower as “Basket Assets” for purposes of this Agreement.
Basket Assets shall have the meaning assigned to such term in Section 6.01(p).
Examples of Basket Assets in a sentence
The Seller Owned Basket Assets shall have been transferred to the Company free and clear of all liens and encumbrances.