Examples of Excluded Asset Sale in a sentence
Not later than one Business Day following the completion of (i) any Asset Sale (other than an Excluded Asset Sale) or (ii) the occurrence of any Recovery Event, the Borrowers shall apply an amount equal to the Required Prepayment Percentage of the Net Cash Proceeds received with respect thereto to prepay outstanding Loans in accordance with Section 2.11.
Any issuance, transfer, disposition or sale of equity interests in the entities described in clauses (1) and (2) above, and any sale-leaseback transaction described in clause (3) above, that meets the conditions to exclusion described in clauses (a)-(c) above will constitute an “Excluded Asset Sale.” The change of control, merger covenant, and investment covenant will not otherwise restrict any Excluded Asset Sale that complies with the provisions described herein.
Effective communication continues to be key to advancing the implementation of the International Treaty, by increasing visibility and advocating the value of the International Treaty in the PGRFA community as well as in the wider agricultural and biodiversity sectors and the general public.