Asset Sale Event means any sale, transfer or other disposition of Collateral outside the ordinary course of business, if any such Collateral was included for purposes of calculating the Collateral Value Amount then in effect and such sale, transfer or disposition will result in the release of such Collateral from the Liens granted under the Security Documents.
Asset Sale Event means any sale, transfer or other disposition of any business units, assets or other property of Holdings or any of the Restricted Subsidiaries not in the ordinary course of business (excluding any sale, transfer or other disposition of assets among the Canadian Borrower and the Guarantors) other than any such event or transaction (or series of related events or transactions) the Net Cash Proceeds of which are less than $7,500,000. Notwithstanding the foregoing, the term “Asset Sale Event” shall not include any transaction permitted by Section 6.04, other than transactions permitted by Sections 6.04(b) and 6.04(f) if they otherwise qualify under this definition as an Asset Sale Event.
Asset Sale Event means any sale, transfer or other disposition of any business units, assets or other property of Holdings or any of the Restricted Subsidiaries not in the ordinary course of business (including any sale, transfer or other disposition of any capital stock of any Subsidiary of Holdings owned by Holdings or a Restricted Subsidiary, including any sale or issuance of any capital stock of any Restricted Subsidiary). Notwithstanding the foregoing, the term “Asset Sale Event” shall not include any transaction permitted by Section 6.04, other than transactions permitted by Sections 6.04(b) and 6.04(f).
Examples of Asset Sale Event in a sentence
Put Option Event means a Change of Control Event or a Material Asset Sale Event.
Material Asset Sale Event means, except if it constitutes a Total Loss Event: (a) any of the Norwegian Low Frequency Licenses and Norwegian High Frequency Licenses are sold or disposed of; or (b) the Issuer ceases to be the owner (directly or indirectly) of the Subsidiaries owned by the Issuer at the time of the Bond Issue (however excluding the Swedish Subsidiary and the Danish Subsidiary for the purposes of determining a Material Asset Sale Event).
Material Asset Sale Event means, except if it constitutes a Total Loss Event: (a) any of the Norwegian Low Frequency Licenses and Norwegian High Frequency Licenses are sold or disposed of; or (b) the Issuer ceases to be the owner (directly or indirectly) of the Guarantors owned by the Issuer at the time of the Bond Issue (however excluding the Swedish Guarantor and the Danish Subsidiary for the purposes of determining a Material Asset Sale Event).
More Definitions of Asset Sale Event
Asset Sale Event means any asset sale by the Company or any of its direct or indirect subsidiaries outside the ordinary course of business, other than a sale relating to Affinia’s Xxxx/Arnley foreign nameplate distribution business or Xxxxxxx Xxxxxx European parts supply business.
Asset Sale Event means the sale, for cash, of all or substantially all of the assets of DBSD and its subsidiaries, on a consolidated basis.
Asset Sale Event means any date on which the unpaid Acquisition Cost exceeds the Reference Amount as a result of a reduction, if any, of the Reference Amount pursuant to clause (ii)(y) of the definition of "Reference Amount".
Asset Sale Event means the receipt by any Company of cash proceeds or cash distributions of any kind in consideration for an Asset Sale.
Asset Sale Event has the meaning specified in Section 2.05(b).
Asset Sale Event means the sale, for cash, of all or substantially all of the assets of DBSD and its subsidiaries, on a consolidated basis. “Equity Valuation” means the aggregate value for the number of shares of Common Stock outstanding immediately following the Restructuring (appropriately adjusted for stock splits, recombinations and similar events) (the “Original Shares”) based on (i) in the case of a Sale Event, the actual value per share received in respect of the Original Shares as a result of the Sale Event; (ii) in the case of a Public Merger Event, the per share VWAP of the equity securities received in such transaction in respect of the Original Shares during any Reference Period following such Public Merger Event and ending prior to the expiration date of the Warrants; (iii) in the case of a Qualified Offering, the per share VWAP of the Original Shares during any Reference Period following the Qualified Offering and ending prior to the expiration date of the Warrants; (iv) in the case of an Asset Sale Event, the per share value of the Original Shares, after reduction for all liabilities (including contingent liabilities) of DBSD, of the consideration received by DBSD as a result of the sale; and (v) in the case of a Liquidation Event, the per share value of the consideration received by DBSD Stockholders in respect of the Original Shares as a result of the Liquidation Event; in each case increased by the aggregate value of any dividends or distributions made to DBSD stockholders from the date of the consummation of the Restructuring until the Valuation Event. For Settlement Purposes Only – Subject to FRE Rule 408
Asset Sale Event means the Dispositions contemplated by (i) the Purchase and Sale Agreements, (ii) the Asset Purchase Agreement by and between the Borrower and The Empire District Electric Company, dated September 15, 2005, (iii) the Asset Purchase Agreement by and between the Borrower and WPS Michigan Utilities, Inc., dated September 15, 2005, (iv) the Asset Purchase Agreement by and between the Borrower and WPS Minnesota Utilities, Inc., dated September 15, 2005, and (v) the Asset Purchase Agreement by and between the Borrower and Mid-Kansas Electric Company, dated September 21, 2005.