Excluded Asset Sale definition

Excluded Asset Sale means (a) sales, transfers, leases or other dispositions in the ordinary course of business, (b) Casualty Events, (b) sales, transfers, leases or other dispositions among the Borrower and/or its Subsidiaries, (c) other sales, transfers, leases or other dispositions the Net Cash Proceeds of which do not exceed $75,000,000 in the aggregate, (d) leasing transactions or Sale and Lease-Back Transactions and (e) Foreign Asset Sales.

Excluded Asset Sale each of the following transactions:

Excluded Asset Sale with respect to DW Animation and its Subsidiaries, (a) any sale or other disposition of assets in the ordinary course of business, (b) any sale or other disposition of rights in films (or participations therein) and (c) any sale or other disposition of accounts receivable.

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.

More Definitions of Excluded Asset Sale

Excluded Asset Sale has the meaning assigned to such term in Section 2.05(c)(iii).

Excluded Asset Sale means (a) the disposition of cash or cash equivalents or other assets classified as current assets on the consolidated balance sheet of the Company, (b) the sale, exchange or other disposition of accounts or notes receivable, (c) the disposition of assets to the Company or any of its subsidiaries, (d) the disposition of assets by any Regulated Subsidiary (as defined below), (e) dispositions with net cash proceeds individually of up to $50 million or in aggregate of up to $150.0 million, (f) ordinary course of business asset dispositions and (g) dispositions for which the proceeds are reinvested in other assets within six months following receipt (or, in the case of casualty or condemnation proceeds, applied in the repair or replacement of the affected assets within such period as may be reasonably required).

Excluded Asset Sale means with respect to the Borrower and its Subsidiaries:

Excluded Asset Sale means (a) the unwinding of hedging arrangements, (b) the sale or other disposition of accounts receivable as part of collection or as part of any factoring, financing or similar transaction (including any Receivables Securitization), (c) the sale or other disposition of inventory or assets to the Borrower or any of its Subsidiaries, (d) any sale or other disposition of assets in the ordinary course of business (as reasonably determined in good faith by the Borrower), (e) any sale or other disposition of assets pursuant to a contract or arrangement in effect as of the date hereof and (f) any other sale or other disposition of assets the Net Cash Proceeds of which do not exceed $1,000,000,000 in any single transaction or series of related transactions.

Excluded Asset Sale means an Asset Sale described in and permitted by clauses of Section 9.04(b)(i), (ii), (iv), (v) and (vi) hereof.

Excluded Asset Sale means each of the following Asset Sales:

Excluded Asset Sale means any Asset Sale permitted pursuant to (i) clauses (a) through (h) of Section 9.09, and (ii) to the extent (but only to the extent) (x) such Asset Sale is consummated during the period from the Third Amendment Effective Date to December 31, 2017 and (y) is permitted pursuant to the proviso to Section 3.03(b)(i), clause (j) of Section 9.09.