Asset Sale Prepayment Date definition

Asset Sale Prepayment Date means, with respect to any Asset Sale and the Net Cash Proceeds received (or, in the case of proceeds with respect to which Holdings has delivered a notice to the Administrative Agent electing Reinvestment, deemed received) with respect thereto, the earlier of (a) the 90th day following the date on which such Net Cash Proceeds are received or deemed received, as applicable, and (b) the date on which Holdings or any of its Subsidiaries uses any of such Net Cash Proceeds to prepay or repurchase Indebtedness with Liens on the Collateral ranking pari passu with the Liens securing the Bank Obligations pursuant to an asset sale offer made in accordance with the provisions of the indenture or other agreement governing the terms of such Indebtedness.

Asset Sale Prepayment Date is defined in Section 8.8.

Asset Sale Prepayment Date means, with respect to any Asset Swap or Disposition resulting in any Excess Net Cash Payments, (a) the thirtieth day after the date of such Asset Swap or Disposition if the Borrower has not delivered a Reinvestment Certificate relating to all of the Excess Net Cash Payments relating to such Asset Swap or Disposition on or prior to such date, (b) the 360th day after the date of such Asset Swap or Disposition to the extent there are any Remaining Excess Net Cash Payments on such day, (c) the thirtieth day after any date on which the Borrower shall determine not to apply any Excess Net Cash Payments to a reinvestment as described in any Reinvestment Certificate or subsequent certificate to the extent there is any Remaining Excess Net Cash Payments on such thirtieth day, and (d) each day after such 360th day (occurring at least one fiscal quarter after such 360th day) on which the Borrower is required to deliver financial statements pursuant to Section 6.1 to the extent any Credit Party shall receive Excess Net Cash Payments during the quarterly fiscal period ending on the date of such financial statements (or, in the case of the first such day occurring after such 360th day, during the period commencing on the day after such 360th day and ending on the first such day) in cash, whether under deferred payment arrangements or Disposition Investments entered into or received in connection with such Asset Swap or Disposition or otherwise and to the extent there are any Remaining Excess Net Cash Payments on such day; provided, that if the Asset Sale Prepayment Percentage is 0% with respect to such Asset Swap or Disposition, then there shall be no Asset Sale Prepayment Date with respect to such Asset Swap or Disposition or any Excess Net Cash Payments resulting therefrom.

Examples of Asset Sale Prepayment Date in a sentence

• The Proposed Asset Sale Prepayment Date shall be not less than 30 days and not more than 60 days after the date of such offer (if the Proposed Asset Sale Prepayment Date shall not be specified in such offer, the Proposed Asset Sale Prepayment Date shall be the 60th day after the date of such offer).

• A holder of Notes may accept the offer to prepay made pursuant to this Section 8.3 by causing a notice of such acceptance to be delivered to the Company at least five days prior to the Proposed Asset Sale Prepayment Date.

• If the Asset Sale Prepayment Date shall not be specified in such notice, the Asset Sale Prepayment Date shall be the fortieth (40th) day after the date of such notice.

• From time to time other solicitors, such as Mrs Parmar, Mr Cooper or Mr Raindi might also ask the Claimant to do work for them.

• In addition to any obligation to make an offer to prepay Term Loans with any Excess Net Cash Payments relating to any Asset Swap or Disposition in accordance with Section 2.11(b)(i)(B), the Borrower shall be required to prepay the Revolving Credit Loans on any Asset Sale Prepayment Date to the extent required in Section 2.11(b) of the Initial Revolving Credit Agreement (or any equivalent section(s) of any successor Revolving Credit Agreement).

More Definitions of Asset Sale Prepayment Date

Asset Sale Prepayment Date means, with respect to any Asset Swap or Disposition that was not permitted under Section 7.4 hereof which results in any Remaining Net Cash Payments, the thirtieth day after the date of such Asset Swap or Disposition.

Asset Sale Prepayment Date is defined in Section 8.8. SCHEDULE B (to Note Purchase Agreement)

Asset Sale Prepayment Date shall have the meaning specified in paragraph 4G.

Asset Sale Prepayment Date has the meaning given thereto in Section 9(j) hereof.

Asset Sale Prepayment Date has the meaning specified in Section 2.04(b)(i) [Mandatory Offers to Prepay Loans].

Asset Sale Prepayment Date is defined in Section 9.9.

Asset Sale Prepayment Date has the meaning specified in Section 5.02(e) in Exhibit G hereto.