Net Proceeds Event means:
Net Proceeds Event. (a) the incurrence by the Borrower or any of its Subsidiaries of any Indebtedness to the extent that such Indebtedness is for borrowed money (other than Indebtedness permitted pursuant to subsections 6.11 and 8.2);
Net Proceeds Event set forth in clause (iii) of the definition thereof in the Senior Credit Agreement or (c) "Net Proceeds Event" set forth in clause (iv) of the definition thereof set forth in the Senior Credit Agreement.
Examples of Net Proceeds Event in a sentence
Upon the occurrence of any Net Proceeds Event, the Borrower shall promptly prepay the Loans by an amount equal to the Net Proceeds from such Net Proceeds Event.
The definition of the term "Net Proceeds Event" is hereby amended by deleting therefrom the following: "or (Y)" and substituting in lieu thereof the following: ", (Y) the sales (or cash received) described in subsections 14.6(i), (j) and (k) and (Z)".
The date of such prepayment shall be the Net Proceeds Event Date or, if such prepayment is required after the Net Proceeds Event Date as a result of the receipt of cash proceeds from a Net Proceeds Event, on the date such cash proceeds are received.
More Definitions of Net Proceeds Event
Net Proceeds Event means the sale or other disposition by Consumer Products (or any applicable Qualified Subsidiary) of the PFC Pledged Stock to any Person.
Net Proceeds Event any sale or other disposition of any Property of the Borrower, which, in any case, results in Net Proceeds, provided that "Net Proceeds Event" shall not include the issuance of Stock or debt or the sale of Stock or instruments convertible into Stock.
Net Proceeds Event. (i) the issuance by the Borrower or any of its Subsidiaries of any Capital Stock (excluding (x) any Capital Stock issued under any compensatory stock option plan of the Borrower or any of its Subsidiaries in the ordinary course of business the Net Cash Proceeds of which shall not exceed $5,000,000 in the aggregate during the term of this Agreement and (y) any Capital Stock issued by any Subsidiary of the Borrower to the Borrower or any other Subsidiary of the Borrower);
Net Proceeds Event. (a) the incurrence by the Borrower or any of its Subsidiaries of any Indebtedness (other than Indebtedness permitted pursuant to subsection 9.2, as in effect on the date hereof); (b) the issuance or sale of any equity securities by Zhone, the Borrower or any of its Subsidiaries to any Person (other than any proceeds of capital calls made pursuant to the Stock Purchase Agreements) in (in the case of Zhone only) a public or other widely distributed offering, other than (i) in the case of the Borrower or any of its Subsidiaries, the issuance or sale of any such equity securities to the Borrower or any of its Subsidiaries, (ii) the issuance of Capital Stock upon the sale or exercise of stock options, (iii) the issuance and sale of Capital Stock under employee stock purchase plans, (iv) the issuance and sale of Capital Stock and/or stock options under employee stock ownership and incentive plans and similar programs or individual arrangements; provided that any issuance or sale of equity securities by Zhone which is consummated on or after the Collateral Substitution Date shall be deemed not to constitute a "Net Proceeds Event"; (c) the sale, transfer or other disposition by the Borrower or any of its Subsidiaries of any real or personal, tangible or intangible, property (including, without limitation, any Capital Stock, but other than (x) inventory sold, transferred or otherwise disposed of in the ordinary course of business or pursuant to the Asset Transfer, (y) other inventory sold in reliance upon the provisions of subsection 8.6(h) and (z) manufacturing assets sold in reliance upon the provisions of subsection 8.6(i)) of the Borrower or such Subsidiary to any Person (other than to the Borrower or any of its Subsidiaries); and (d) the recovery by the Borrower of amounts owing to it under property insurance policies.
Net Proceeds Event set forth in Section 3(c) hereof shall become effective only upon receipt by the Administrative Agent of counterparts hereof, duly executed and delivered by the Company, Fleer and the Required Banks.
Net Proceeds Event. (a) the sale, transfer or other disposition by the Company or any of its Subsidiaries of any real or personal, tangible or intangible, property (including, without limitation, the sale or issuance of any Capital Stock, but other than inventory and obsolete or worn-out property which is sold, transferred or otherwise disposed of in the ordinary course of business and other than securities issued or sold in connection with director or employee stock option, stock purchase and incentive plans) of the Company or such Subsidiary to any Person (other than to the Company or any of its Subsidiaries), (b) the recovery by the Company and its Subsidiaries of amounts owing to them under property insurance policies and (c) the incurrence of any Indebtedness (other than Indebtedness incurred in reliance upon the provisions of clauses (a) through (j) or (l) of subsection 14.2) by the Company or any of its Subsidiaries.
Net Proceeds Event. (a) the sale, transfer or other disposition by the Company or any of its Subsidiaries of any real or personal, tangible or intangible, property (including, without limitation, any Capital Stock, but other than inventory and obsolete or worn-out property which is sold, transferred or otherwise disposed of in the ordinary course of business) of the Company or such Subsidiary to any Person (other than to the Company or any of its Subsidiaries) and (b) the recovery by the Company and its Subsidiaries of amounts owing to them under property insurance policies.