Excluded Disposal Proceeds definition

Excluded Disposal Proceeds means any Disposal Proceeds:

Excluded Disposal Proceeds means any CB Disposal Proceeds Replenishment Amount and the proceeds of any Disposal of:

Excluded Disposal Proceeds means Disposal Proceeds which have been derived from a Disposal permitted by clause 23.27 (Intra-Group transactions) or of a type described in paragraphs (a), (b), (c) or (d) (but only if and to the extent that such Disposal is in exchange for other Cash Equivalent Investments) of the definition of “Permitted Disposal”.

Examples of Excluded Disposal Proceeds in a sentence

• For the avoidance of doubt, where proceeds of such a transaction (or series of related transactions) are equal to or exceed EUR 2,000,000 such proceeds will not be Excluded Disposal Proceeds and must be applied in mandatory prepayment of the Loans in accordance with this Agreement.

• Disposal Proceeds means: (a) the Net Proceeds of any Disposal (other than any Disposal of Core Assets) made by any Group Member except for Excluded Disposal Proceeds; and (b) the Net Proceeds of any Disposal of Core Assets made by any Group Member or HHH Group Member (as applicable) provided that the Majority Lenders have given their prior consent to such Disposal.

• Turnover letters from each addressee of a Due Diligence Report or an Invitel Austria Due Diligence Report pursuant to which each addressee agrees to turnover an amount in cash equal to the amount of any Acquisition Proceeds (excluding any Excluded Disposal Proceeds) to the Borrower (on terms permissible by the Finance Documents) to enable the Borrower to make any prepayment required under the Senior Facilities Agreement and this Agreement.

• Where Excluded Disposal Proceeds are intended to be used for a specific purpose within a specified period, the Company shall ensure that those amounts are used for that purpose and, if requested to do so by the Agent, shall promptly deliver a certificate to the Agent at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.

• Turnover letters from each addressee of a due diligence report referred to in 8 and 9 above pursuant to which each addressee agrees to turnover an amount in cash equal to the amount of any Acquisition Proceeds (excluding any Excluded Disposal Proceeds) to the Borrower (on terms permissible by the Finance Documents) to enable the Borrower to make any prepayment required under the Principal Facility Agreement (as amended and restated in accordance with the terms of this Supplemental Agreement).

More Definitions of Excluded Disposal Proceeds

Excluded Disposal Proceeds means the Net Proceeds received by any member of the Group (including any amount received in repayment of Intercompany debt) for any Disposal made by any member of the Group in connection with:

Excluded Disposal Proceeds means the proceeds of (a) any Disposal which a Borrower notifies the Facility Agent will be applied for the replacement and/or reinstatement of its assets within 6 months after actual receipt of such proceeds; or (b) any Disposal in the Borrower’s ordinary course of business.

Excluded Disposal Proceeds means the proceeds of a Disposal from a Permitted Disposal or Permitted Transaction unless such proceeds are to be used to repay or prepay Financial Indebtedness under the Bank Facilities Agreement or a Permitted Refinancing Agreement at any time when a Default or Event of Default exists.

Excluded Disposal Proceeds means any proceeds of any Disposal by any Obligor or Group Member where:

Excluded Disposal Proceeds means any Net Cash Proceeds (a) realized from a Permitted Sale and Leaseback Transaction under clause (a)(i) of the definition thereof, (b) received from Dispositions of scrap materials in an amount up to $10,000,000 in the aggregate and (c) received from a Disposition of the Beaumont Facility in an amount up to $10,000,000.

Excluded Disposal Proceeds has the meaning given to it in Clause 7.5 (Mandatory Prepayment).

Excluded Disposal Proceeds means any proceeds of any Disposal which is or which are: