Sale of Material Assets definition

Sale of Material Assets means the sale or other disposition ----------------------- (including damage, destruction or condemnation of assets) by Borrower or any of its Subsidiaries, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of One Hundred Thousand Dollars ($100,000) or more; excluding (i) the sale of inventory in the ordinary course of business, and (ii) the sale of Permitted Investments for cash or the conversion into cash of Permitted Investments.
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Sale of Material Assets means the sale or other disposition (including damage, destruction or condemnation of assets, but excluding any foreclosure, transfer in lieu of foreclosure or similar event following a default) by any Borrower, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of Ten Million Dollars ($10,000,000) or more; excluding dispositions of equipment no longer used by Borrowers and inventory, in each case in the ordinary course of business, and the sale of Permitted Investments for cash or the conversion into cash of Permitted Investments.
Sample 1
Sale of Material Assets means any sale, transfer or other disposition of Borrowers' assets in transactions in which the total consideration paid or payable to Borrowers (including without limitation all cash, liabilities assumed and the fair market value of any stock provided in such transaction) is, in the aggregate, as to all such transactions after the date of this Agreement, greater than Fifteen Million Dollars ($15,000,000).
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Examples of Sale of Material Assets in a sentence

  • In connection with each Sale of Material Assets approved by Lenders pursuant to Paragraph 6.7 hereof, the Net Cash Proceeds to the seller of such transaction shall be paid directly to Agent for the account of Lenders and applied to the Loan as set forth in subparagraph (iv) below.

  • Prior to January 1, 2000 in connection with each Sale of Material Assets approved by Lenders pursuant to Paragraph 6.7 hereof and on and after January 1, 2000 in connection with any sale of assets (whether or not a Sale of Material Assets subject to approval pursuant to Section 6.7 hereof), the Net Cash Proceeds to the seller of such transaction shall be paid directly to Agent for the account of Lenders and applied to the Loan as set forth in subparagraph (iv) below.

  • In connection with each Sale of Material Assets approved by Lenders pursuant to Paragraph 6.7 hereof, the Net Cash Proceeds to the seller of such transaction shall be paid directly to Agent for the account of Lenders and applied to the Loan as set forth in subparagraph (v) below.

  • Upon communication with securities regulatory authorities, the original Scheme for Sale of Material Assets, Purchase of Assets by Cash and Issuance of Share and the Related Financing of Shanghai Tongda Venture Capital Co., Ltd.


More Definitions of Sale of Material Assets

Sale of Material Assets means the sale or other disposition (including damage, destruction or condemnation of assets) by Borrower or any of its Subsidiaries, in a single transaction or in the aggregate as to all transactions within any twelve (12) consecutive months, of assets (including stock or other investments or interests in a Person) which, valued at the greater of book value or fair market value, have a value of One Hundred Thousand Dollars ($100,000) or more; excluding the sale of Permitted Investments for cash or the conversion into cash of Permitted Investments.
Sample 1
Sale of Material Assets means any transfer, sale or other disposition of Property of MSC or its Subsidiaries (including the stock of any Subsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) constituted 35% or more of the of Property of MSC or its Subsidiaries as of the most recent date for which a balance sheet has been delivered hereunder, or (ii) contributed 35% or more of the EBITDA (as such term in defined in the Credit Agreement) of MSC or its Subsidiaries for the most recent period of four consecutive fiscal quarters; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by MSC or its Subsidiaries such proceeds have been used to acquire assets of a similar character for use in the business of MSC and its Subsidiaries.
Sample 1
Sale of Material Assets means any sale, transfer or other disposition of the Company's assets in transactions in which the total consideration paid or payable to Company (including without limitation all cash, liabilities assumed and the fair market value of any stock provided in such transaction) is, in the aggregate, as to all such transactions after the date of this Agreement, greater than Fifteen Million Dollars ($15,000,000). "SDI Operating Partners, L.P." means SDI Operating Partners, L.P., a Delaware limited partnership.
Sample 1
Sale of Material Assets means any transfer, sale or other disposition of assets of dELiA*s or its consolidated Subsidiaries (including the stock of axx Xxbsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) constituted 5% or more of the assets of dELiA*s and its consolidated Subsidiaries as of the most recent daxx xxr which a balance sheet has been delivered hereunder, or (ii) contributed 5% or more of the EBITDA of dELiA*s and its consolidated Subsidiaries for the most recent Rollxxx Xeriod; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by dELiA*s or its Subsidiary such proceeds have been used to acquire xxxxxs of a similar character for use in the business of dELiA*s and its consolidated Subsidiaries.
Sample 1
Sale of Material Assets means any transfer, sale or other disposition of assets of DBI or its consolidated Subsidiaries (including the stock of any Subsidiary) in one or more related transactions, which represented, or with respect to which the proceeds from such transaction(s) comprised, either (i) 5% or more of the assets of DBI and its consolidated Subsidiaries as of the most recent date for which a balance sheet has been delivered hereunder, or (ii) 5% or more of the EBITDA of DBI and its consolidated Subsidiaries for the most recent Rolling Period; provided, however, that no such transaction shall constitute a Sale of Material Assets to the extent that within ninety (90) days after receipt of the proceeds thereof by DBI or its Subsidiary such proceeds have been used to acquire assets of a similar character for use in the business of DBI and its consolidated Subsidiaries.
Sample 1
Sale of Material Assets means any sale, transfer or other disposition of any Obligor's or any Subsidiary's assets in transactions (not related to the 1998 Conversion) in which the total consideration paid or payable to any Obligor or Subsidiary (including without limitation all cash, liabilities assumed and the fair market value of any stock provided in such transaction) is, in the aggregate, as to all such transactions after the date of this Agreement, greater than Fifteen Million Dollars ($15,000,000). "SDI Operating Partners, L.P." means SDI Operating Partners, L.P., a Delaware limited partnership.
Sample 1

Related to Sale of Material Assets

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Seller Intellectual Property means any Intellectual Property that is owned by either Seller and primarily used in connection with the Business.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • IP Assets means all Intellectual Property owned or used by or purported to be owned or used by the Group Companies.

  • Specified Equipment means the railway vehicles which the Train Operator is entitled to use in the provision of Services on the Network, as specified in paragraph 4 of Schedule 5;

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Specified Assets the following property and assets of such Grantor:

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Eligible Real Property means, as to each Borrower, Real Property owned by such Borrower in fee simple and included in an appraisal of such Real Property received by Agent in accordance with the requirements of this Agreement and in each case acceptable to Agent in good faith based on the criteria set forth below. Eligible Real Property shall not include: (a) Real Property which is not owned and operated by a Borrower; (b) Real Property subject to a security interest, lien or mortgage or other encumbrance in favor of any person other than Agent, except those permitted under Sections 9.8(b), (d) and (i) hereof; (c) Real Property that is not located in the United States of America; (d) Real Property that is not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (e) Real Property where Agent determines that issues relating to compliance with Environmental Laws materially adversely affect the value thereof or the ability of Agent to sell or otherwise dispose thereof (but subject to the right of Agent to establish Reserves after the date hereof to reflect such material adverse affect); (f) except as Agent may otherwise determine, Real Property improvements located on land which is not owned in fee simple by such Borrower; and (g) Real Property improved with residential housing. The criteria for Eligible Real Property set forth above may only be changed and any new criteria for Eligible Real Property may only be established by Agent acting in good faith based on either: (1) an event, condition or other circumstance arising after the date hereof, or (2) an event, condition or other circumstance existing on the date hereof to the extent Agent has no written notice thereof from any Borrower prior to the date hereof, in either case under clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect such Real Property in any material respect in the good faith determination of Agent.

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Company Intellectual Property Assets means all Intellectual Property Assets owned by the Company or used or held for use by the Company in the Business and all Products.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto: