Significant Sale shall have the meaning provided in Section 4.1 hereof.
Significant Sale means any sale, lease, transfer, or other disposition of any property or assets (tangible or intangible) by any Company to any other Person (other than any sale, lease, transfer, or other disposition contemplated by SECTIONS 9.23(a) through (e)) with respect to which the Net Cash Proceeds realized by the Companies for such asset disposition (or when aggregated with the Net Cash Proceeds from all such other asset dispositions occurring in the same calendar year) equals or exceeds $1,000,000.
Significant Sale means a Sale of either SS/L or SkyNet or all or substantially all of their respective assets (determined on a consolidated basis of each of SS/L or SkyNet, as applicable).
Examples of Significant Sale in a sentence
Prior to effecting any Transfer of Executive Units (other than (y) to Holdings, to any Other Senior Manager or to the Investors or (z) in connection with a Public Sale or Significant Sale), MCS shall obtain from each transferee their written agreement to be bound by the provisions of Section 1.4 of this Agreement for the benefit of Holdings, the Other Senior Managers and the Investors.
More Definitions of Significant Sale
Significant Sale means an Equity Sale after which the equity securities of the Company or its successor held, directly or indirectly, by all of the Principal Stockholders is, in the aggregate, less than 50% of the equity securities (as such securities may be adjusted for the occurrence of a stock split, reverse stock split, or other corporate event) held, directly or indirectly, by all of the Principal Stockholders as of the Effective Date. For the avoidance of doubt, once the first Significant Sale has occurred, each subsequent Equity Sale shall constitute a “Significant Sale” until a Liquidity Event has occurred.
Significant Sale means any transaction or series of transactions pursuant to which any Person or group of related Persons in the aggregate acquire(s) (i) equity securities of Holdings possessing the voting power (other than voting rights accruing only in the event of a default, breach or event of noncompliance) to elect a majority of the Holdings Board (whether by merger, consolidation, reorganization, combination or sale or Transfer of Holdings' equity or otherwise) or (ii) all or substantially all of Holdings' assets determined on a consolidated basis; provided that, neither (y) a Public Offering nor (z) a pro rata distribution of the Class B Common Stock to a unit holder or unit holders of Holdings shall constitute a Significant Sale.
Significant Sale has the meaning set forth in Section 9.5(a).
Significant Sale means the sale of assets of Newco or any Subsidiary ---------------- or the sale of capital stock of any Subsidiary by Newco, in any such case, for which the consideration proposed to be paid in such transaction represents 35% or more of the Market Capitalization on the date that Newco agrees to such sale.
Significant Sale means any transaction or series of transactions pursuant to which any Person or group of related Persons in the aggregate acquire(s) (i) equity securities of Holdings possessing the voting power (other than voting rights accruing only in the event of a default, breach or event of noncompliance) to elect a majority of the Holdings Board (whether by merger, consolidation, reorganization, combination or sale or Transfer of Holdings' equity or otherwise) or (ii) all or substantially all of Holdings' assets determined on a consolidated basis; provided that none of (w) a Public Offering, (x) a pro rata distribution of the Class B Common Stock Stock to a unit holder or unit holders of Holdings, (y) the redemption by CSC or sale by Holdings to CSC of shares of Class B Common Stock or (z) a sale by Holdings in an underwritten public offering registered under the Securities Act of shares of Class B Common Stock shall constitute a Significant Sale.
Significant Sale means any sale, lease, transfer, or other disposition of (a) any CATV System by any Company to any other Person (other than any sale, lease, transfer, or other disposition contemplated by Section 9.22(f) or (g)), or (b) ACWC as part of the release of ACWC permitted by Section 9.33.
Significant Sale means any Disposition (other than a Disposition permitted by SECTION 7.05(a)) by a Company to any other Person (other than to the Borrower or to a Wholly-owned Subsidiary of the Borrower) with respect to which the Net Cash Proceeds realized by any Company for such Disposition exceed $25,000 and when aggregated with the Net Cash Proceeds from all such other Dispositions occurring since the Closing Date, equals or exceeds an amount which is equal to 4% of the Borrower's assets (measured as of the close of the most recent fiscal quarter end). SUBFACILITIES means, collectively, the Acquisition Subfacility and the Working Capital/Distribution Subfacility.