Foreign Asset Sale definition

Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

Foreign Asset Sale has the meaning specified in Section 2.05(2)(h).

Foreign Asset Sale shall have the meaning assigned to such term in Section 2.10(i).

Examples of Foreign Asset Sale in a sentence

• The Borrower agrees to give the Agent notice on the Foreign Asset Sale Effective Date of the occurrence of the Foreign Asset Sale.

• Nothing in this Section 2.11 shall be construed as a covenant by any Foreign Subsidiary to distribute any amounts to any Loan Party or a covenant by the Borrowers or any Loan Party to cause any Foreign Subsidiary to distribute any amounts (it being understood that this Section 2.11 requires only that the Lead Borrower repay certain amounts calculated by reference to certain Foreign Asset Sale Recovery Events of a Foreign Subsidiary).

• The Agent hereby agrees that the amount of the Hallmark L/C shall be reduced from $320,000,000 to $220,000,000 when the Foreign Asset Sale Effective Date occurs and the aggregate outstanding Credit Exposure of the Lenders is reduced to an amount not in excess of $220,000,000.

• Within one (1) Business Day of the date that the Borrower receives any Foreign Asset Sale Dividends, it shall use the net cash proceeds thereof to repay the Loans and shall reduce the amount of the Commitment by an amount equal to 75% of such net cash proceeds.

• To the extent a Foreign Asset Sale occurs, the Net Proceeds of such Foreign Asset Sale shall be applied as follows: (i) first, to the Capital Expenditure Loan, (ii) second, to the Term Loan, (iii) third, to the Revolving Credit Advances if any are still outstanding, and (iv) fourth, to the Revolver Loans (as a permanent reduction of the Commitments); provided, however, that Net Proceeds of a Foreign Asset Sale may be paid to P&G in accordance with the Pre-Petition P&G Settlement.

More Definitions of Foreign Asset Sale

Foreign Asset Sale means an Asset Sale in respect of the Capital Stock or assets of a Foreign Subsidiary or a Restricted Subsidiary of the type described in Section 936 of the Internal Revenue Code of 1986, as amended, to the extent that the proceeds of such Asset Sale are received by a Person subject in respect of such proceeds to the tax laws of a jurisdiction other than the United States of America or any State thereof or the District of Columbia.

Foreign Asset Sale an Asset Sale consummated by a Foreign Subsidiary.

Foreign Asset Sale means an Asset Sale in respect of the Capital Stock or assets of a Foreign Subsidiary or a Restricted Subsidiary of the type described in Section 936 of the Code to the extent that the proceeds of such Asset Sale are received by a Person subject in respect of such proceeds to the tax laws of a jurisdiction other than the United States or any State thereof or the District of Columbia.

Foreign Asset Sale shall have the meaning set forth in Section 4.02(j).

Foreign Asset Sale as defined in Section 2.15(f).

Foreign Asset Sale means any sale, transfer, lease or other disposition the Net Cash Proceeds of which are realized or received by a Foreign Subsidiary to the extent the repatriation or the passing on to or the use for the benefit of the Borrower of such Net Cash Proceeds would result in material adverse tax consequences as reasonably determined by the Borrower.

Foreign Asset Sale means the sale by the Borrower of its foreign assets, including its foreign Platform Agreements, foreign subsidiaries and foreign distribution rights in its film library, as contemplated in Exhibit Q hereto, as approved by the Agent.