Collateral Sale definition
Collateral Sale means any sale of Collateral or series of related sales of Collateral having an Appraised Value in excess of $25,000,000.
Collateral Sale means the Disposition of any Collateral.
Collateral Sale shall have the meaning set forth in Section 11.14.
Examples of Collateral Sale in a sentence
Such right of first refusal shall terminate not later than 4:00 p.m. on the twelfth Business Day following the Collateral Sale Notice Date.
More Definitions of Collateral Sale
Collateral Sale means any sale of Collateral or series of related sales of Collateral having a Fair Market Value in excess of
Collateral Sale means the sale, conveyance, transfer or other disposition (whether in a single transaction or a series of related transactions) of property or assets constituting Collateral (including by way of Production Payments and Reserve Sales, but not by way of Sale/Leaseback Transactions and including by way of any sale or disposition of a Subsidiary Guarantor) (other than an operating lease entered into in the ordinary course of the Oil and Gas Business) (each referred to in this definition as a “disposition”); provided, however, that the term “Collateral Sale” shall exclude:
Collateral Sale means any sale of Collateral; provided that, for the avoidance of doubt, a Permitted Disposition shall not constitute a Collateral Sale.
Collateral Sale means the Disposition of any Shared Collateral other than a TAP Bond Event (it being understood that the net proceeds of a TAP Bond Event shall be required to be applied in accordance with the terms of the New First Out Notes Indenture and the Superpriority Notes Indenture).
Collateral Sale means any sale of DIP Collateral or series of related sales of DIP Collateral other than Permitted Dispositions. For the avoidance of doubt, Aircraft (other than Pledged Engines and Pledged Spare Parts) and financial leases, operating leases, interchanges or charters of such Aircraft are not DIP Collateral and nothing herein restricts Obligors from entering into a sub-lease, interchange or charter of such Aircraft or rejecting leases of such Aircraft in the Chapter 11 Cases.
Collateral Sale is defined in Section 2.6.
Collateral Sale means (a) any Disposition of Collateral so long as such Disposition is permitted under the Senior Credit Agreement or otherwise consented to by Required Lenders under the Senior Credit Agreement, (b) any Lien Enforcement Action by the Senior Agent or Senior Lenders against all or any portion of the Collateral in accordance with the Senior Debt Documents and applicable law, or (c) after the occurrence and during the continuance of an Insolvency Proceeding by or against any Obligor, the sale of all or any portion of the Collateral pursuant to an order of the Bankruptcy Court having jurisdiction over such Insolvency Proceeding under Section 363 of the Bankruptcy Code.