Red Eagle Mining Proceeds definition
Red Eagle Mining Proceeds means cash proceeds in the amount of $9,600,000 received by the Borrower as a result of the sale of the Red Eagle Mining Assets.
Examples of Red Eagle Mining Proceeds in a sentence
Neither the Borrower nor any of its Subsidiaries shall prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any prepayment of, any Indebtedness other than mandatory prepayments of (a) the Chubb Facility and the CS Facility with the proportionate share of the proceeds of the Planned Dispositions and the Red Eagle Mining Proceeds and (b) the Local Facility with the proceeds of GyM cash flows.