Collateral Asset Sale means an Asset Sale of (i) any Collateral or (ii) any assets of Notes PropCo or Extended Term Loan PropCo.
Collateral Asset Sale means any Asset Sale (provided, however, that any exchange of assets under clause (8) of the definition of Asset Sales shall only be for new assets that immediately thereof constitute Collateral and have been pledged and perfected on a first-priority basis on the date of exchange) of any Collateral, or a series of related Asset Sales by the Company or any of its Subsidiaries involving the Collateral, other than (i) the sale for Fair Market Value of machinery, equipment, furniture or implements or other similar property that may be defective or may have become worn out or obsolete or no longer used or useful in the operations of the Company or (ii) sales of inventory in the ordinary course of business. A Collateral Asset Sale will not include an Event of Loss.
Collateral Asset Sale means the sale, lease (other than an operating lease), conveyance or other disposition of any Collateral (including, without limitation, by means of an amalgamation, merger, consolidation or similar transaction (each, a "Disposition")) (provided that the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its
Examples of Collateral Asset Sale in a sentence
Pursuant to the JMB Sale Order, the Debtors established the Senior Lien Claims Reserve (as defined in the JMB Sale Order) to hold certain Cash proceeds of the DIP Collateral Sale for the purpose of satisfying Senior Lien Claims (as defined in the JMB Sale Order) asserted against the DIP Collateral sold pursuant to DIP Collateral Asset Sale (the “DIP Vessel Collateral”).
The ability to identify and notify class members is relevant to the propriety of certification under Rule 23(b)(3).
Paragraph 9 of the Pennantia Sale Order established a procedure for satisfying Senior Lien Claims (as defined in the Pennantia Sale Order) on the Prepetition Revolving Credit Facility Collateral sold pursuant to the Wells Collateral Asset Sale (the “ Wells Fargo VesselC ollateral”) from a reserve of Cash Proceeds (as defined in the Pennantia Sale Order) established and held by Wells Fargo.
Candidates who do talk or whose conduct is in any other way disturbing to other candidates will be warned by the Invigilator.
The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer or the Collateral Asset Sale, as applicable.
More Definitions of Collateral Asset Sale
Collateral Asset Sale means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance, transfer, grant of an exclusive license (as licensor or sublicensor), or other disposition to, or any exchange of property with, any Person (other than to or with a Borrower), in one transaction or a series of transactions, of all or any part of the Collateral. For purposes of clarification, “Collateral Asset Sale” shall include (x) the sale or other disposition for value of any contracts and (y) the early termination or modification of any contract resulting in the receipt by any Borrower of a Cash payment or other consideration in exchange for such event (other than payments in the ordinary course for accrued and unpaid amounts that would have been due through the date of termination or modification without giving effect thereto).
Collateral Asset Sale shall include (x) the sale or other disposition for value of any contracts and (y) the early termination or modification of any contract resulting in the receipt by any Borrower of a Cash payment or other consideration in exchange for such event (other than payments in the ordinary course for accrued and unpaid amounts that would have been due through the date of termination or modification without giving effect thereto).
Collateral Asset Sale means the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of Collateral. Notwithstanding the foregoing, a disposition of Collateral upon the terms and conditions set forth in Section 11.03(a) shall not be considered a Collateral Asset Sale.
Collateral Asset Sale means, at any date, any sale, transfer or other disposition of any Collateral that (a) constitutes a “Collateral Asset Sale” under the terms of the Indenture and (b) is otherwise permitted by the applicable provisions, if any, of each of the Voting Creditor Documents as of such date (after giving effect to any waivers or amendments thereto), and the net proceeds of which are required by any such Voting Creditor Document to be held as Collateral by the Collateral and Intercreditor Agent in the Proceeds Account.
Collateral Asset Sale means any direct or indirect sale, conveyance, lease, transfer or other disposition, including, without limitation, by means of an amalgamation, merger, consolidation or similar transaction (each, a "Disposition"), or a series of related Dispositions by the Company or any of its Restricted Subsidiaries of the Collateral or any portion thereof, other than (a) the sale of machinery, equipment, furniture, apparatus, tools or implements or other similar property that may be defective or may have become worn out or obsolete or no longer used or useful in the operation of Fab 25, the aggregate fair market value of which does not exceed $10.0 million in any year or (b) the sale or exchange of equipment in an alteration or improvement at Fab 25 with an aggregate value not to exceed $25.0 million at any one time provided such equipment is replaced by equipment of equal or greater value within 45 days of such sale or exchange. A Collateral Asset Sale shall not include the requisition of title to or the seizure, condemnation, forfeiture or casualty of any Collateral.
Collateral Asset Sale. Offer” 4.10(c) “Collateral Excess Proceeds” 4.10(a) “Collateral Excess Proceeds Threshold” 4.10(c) “Covenant Defeasance” 4.10(c) 8.03 “Covenant Suspension Event” 4.17(a) “Declined Collateral Proceeds” 4.10(c) “Excess Proceeds Threshold” 4.10(d) 2.03 “Fixed Charge Coverage Test” 6.01 4.10(a) “ Declined Proceeds” 4.10(d) “DTC 4.07(b) “Event of Default” 4.10(b) “Excess Proceeds” 4.07(xv)(c) “Foreign Disposition” “Highest Owner Tax Amount” Term Defined in Section “Increased Amount” 4.12 “incur” and “incurrence” 4.09(a) “LCT Election” 1.06 “LCT Test Date” 1.06 “Legal Defeasance” 8.02 “Note Register” 2.03 “Offer Amount” 3.08(b) “Offer Period” 3.08(b) “Pari Passu Indebtedness” 4.10(d) “Paying Agent” 2.03 “Purchase Date” 3.08(b) “Redemption Date” 3.01 “Refinancing Indebtedness” 4.09(b) “Refunding Capital Stock” 4.07(b)(ii) “Related Person” 12.07(b) “Registrar” 2.03 “Reserved Indebtedness Amount” 4.09(c)(vi) “Restricted Payments” 4.07(a) “Reversion Date” 4.17(c) “Second Commitment” 4.10(b) “Security Document Order” 12.07(r) “Subject Lien” 4.12 “Successor Company” 5.01(a) “Successor Person” 5.01(f) “Suspended Covenants” 4.17(a) “Suspension Date” 4.17(a) “Suspension Period” 4.17(c) “Transfer Agent” 2.03 “Treasury Capital Stock” 4.07(b) “Trustee” 8.05
Collateral Asset Sale means the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions, of Collateral. Notwithstanding the foregoing, the following shall in each case not be considered a Collateral Asset Sale: (i) a transfer of assets or properties by the Company to a Collateral Grantor or by a Collateral Grantor to another Collateral Grantor, (ii) an issuance of Equity Interests by a Collateral Grantor to the Company or to another Collateral Grantor, (iii) a disposition of either obsolete equipment or equipment that is damaged, worn out or otherwise no longer useful in the business and (iv) any surrender or waiver of contract rights or a settlement, release or surrender of contract, tort or other claims of any kind or a grant of any Lien not prohibited by the Indenture.