Examples of Permitted Asset Sale in a sentence
Once notice of redemption is mailed in accordance with Section 3.3, Securities or portions thereof called for redemption become due and payable on the Redemption Date and at the Redemption Price, provided that if a notice of redemption is given in contemplation of a Permitted Asset Sale and such sale does not occur, then this Section 3.4 shall not be applicable.
No Company may sell, assign, lease, transfer or otherwise dispose of any of its assets (including, without limitation, equity interests in any other Company) other than pursuant to a Permitted Asset Sale.
At the time of any such Permitted Asset Sale hereunder in which the aggregate consideration therefor exceeds $10,000,000, EnergySolutions shall provide the Administrative Agent and the Lenders with projections assuming the consummation of the Permitted Asset Sale and demonstrating pro forma compliance with Section 7.7 hereof for the remaining term of this Agreement.
Subject to the terms of the Subordination Agreement (Senior), until the principal amount of the Securities and all other amounts due under this Indenture are paid in full, Issuer shall pay to the Trustee for the benefit of Holders an amount equal to the amount of all Net Sale Proceeds from a Permitted Asset Sale no later than thirty days after such sale (the date of such payment to the Trustee for the benefit of Holders, the "Permitted Asset Sale Purchase Date").
All documentation required by the TIA (including, without limitation, Section 314(d) of the TIA), if any, prior to the release of Collateral by Trustee, and, in the event there is to be a substitution of property for the Collateral subject to the Permitted Asset Sale, all documentation required by the TIA to effect the substitution of such new Collateral and to subject such new Collateral to the Lien of the relevant Security Instruments, and all documents required by Section 8.1 hereof.