Collateral Sale Offer definition

Collateral Sale Offer shall have the meaning provided in Section 4.1(a)(ii).
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Collateral Sale Offer means an offer by the Parent to all holders of the Senior Secured Notes to purchase the maximum principal amount of Senior Secured Notes that may be required to be purchased out of the Excess Collateral Proceeds in accordance with the terms of Section 4.13(II)(d) through (i) of the Senior Secured Note Indenture.
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Collateral Sale Offer has the meaning set forth in Section 4.10(d).
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Examples of Collateral Sale Offer in a sentence

  • Upon completion of each Collateral Sale Offer or the application of Excess Collateral Proceeds pursuant to this Section 5.08(a)(4), the amount of Excess Proceeds will be reset at zero.

  • The offer price for the notes in any Collateral Sale Offer will be equal to 102% of principal amount of the notes plus accrued and unpaid interest thereon, if any, to the date of purchase, and will be payable in cash.

  • The Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations to the extent such laws and regulations are applicable in connection with a Change of Control Offer, a Collateral Sale Offer or an Excess Proceeds Offer.

  • The Issuer will comply with the requirements of any securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with each repurchase of notes pursuant to a Collateral Sale Offer.

  • After completion of the First Priority Collateral Sale Offer, if there are any remaining Collateral Net Proceeds in excess of $10 million, the Company shall, within 60 days following the consummation of such First Priority Collateral Sale Offer, use all remaining Collateral Net Proceeds to make an offer (the “Collateral Sale Offer”) to all Holders of Notes, to purchase, on a pro rata basis, the maximum principal amount of Notes that may be purchased out of such remaining Collateral Net Proceeds.

  • In the event that, pursuant to Section 4.10 hereof, the Company shall be required to commence a Collateral Sale Offer, a Second Priority Collateral Sale Offer or an Asset Sale Offer (each, an “Asset Disposition Repurchase Offer”), it shall follow the additional procedures specified below.

  • Upon completion of each First Priority Collateral Sale Offer and (if applicable) corresponding subsequent Collateral Sale Offer, the amount of Collateral Net Proceeds will be reset at zero.

  • If any Excess Collateral Proceeds remain after consummation of a Collateral Sale Offer, the Issuer may use those Excess Collateral Proceeds for any purpose not otherwise prohibited by this Indenture.

  • The Issuer may elect to satisfy their obligations to make a Collateral Sale Offer prior to expiration of the relevant period or with respect to Excess Collateral Proceeds of $25.0 million or less.

  • In the event that, pursuant to Section 4.10 hereof, the Company shall be required to commence a First Priority Collateral Sale Offer, a Collateral Sale Offer or an Asset Sale Offer (each, an “Asset Disposition Repurchase Offer”), it shall follow the additional procedures specified below.


More Definitions of Collateral Sale Offer

Collateral Sale Offer shall have the meaning given such term in Section 2.12(d).
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Related to Collateral Sale Offer

  • Asset Sale Offer shall have the meaning specified in Section 4.14.

  • Asset Sale Offer Amount shall have the meaning specified in Section 4.14.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Change of Control Offer has the meaning provided in Section 4.15.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of:

  • Net Proceeds Offer Amount has the meaning set forth in Section 4.16.

  • Collateral Senior Additional Interest shall have the meaning specified in subsection 4.02(d).

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Net Proceeds Offer has the meaning provided in Section 4.16.

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Lead Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale), (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the First Restatement Effective Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • Asset means any asset or property.

  • Offer to Purchase means an offer to purchase Notes by the Company from the Holders commenced by mailing a notice to the Trustee and each Holder stating:

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).