Specified Sale definition

Specified Sale means any sale or disposition, in whole or in part, of any combination of (A) the assets and businesses to be sold in the transsaction assigned the code name “Rockford”, (B) the assets and businesses to be sold in the transaction assigned the code name “Xxxxxx” and/or (C) trademarks, trademark licenses, domain names or related intellectual property assets and materials of the Borrower or any of its Subsidiaries.

Specified Sale means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business, (b) the sale, transfer, lease or other disposition of obsolete or worn-out property or assets in the ordinary course of business, (c) the sale, transfer or other disposition of cash or Cash Equivalents, (d) the sale, transfer or other disposition of Equity Interests of Unrestricted Subsidiaries, (e) dispositions of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business and (f) dispositions of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property.

Specified Sale means any Sale by the Specified Stockholders where the Specified MOIC after giving effect to such Sale, is greater than one (1.0).

Examples of Specified Sale in a sentence

• Entry of this Order is necessary to prevent irreparable harm to Debtors, including the harm that would result from the disruption of Debtors’ business, will increase the possibilities for a successful reorganization, including a Specified Sale, as a going concern, and is in the best interest of Debtors’ Estates.

• The Invitation seeks to invite EOI for acquisition of the following financial assets (Specified Sale Assets) of the Company, proposed to be sold as a single lot– 2.Nicco Ventures Limited9,19,540, equity shares, comprising of 22.43% of the equity share capital of NVL.3.Arbitration Receivables [Note 2]The contingent receivables from the following arbitration matters in relation to the Company –1.

• Without such funds Debtors will not be able to continue the operation of their business and to pay their employees, and reorganization, including a Specified Sale (as defined herein) may become impossible.

• Describe other personnel (if applicable), including their proposed roles, qualifications, and time commitments.

• Upon the consummation of a Specified Sale or a sale of any of Debtors’ assets and the entry of the Specified Sale Order by the Court, all proceeds from such sale shall immediately be turned over to CoBank to be appliedto the outstanding amounts owing in accordance with the Loan Documents pursuant to Section 2.13 of the Credit Agreement.

More Definitions of Specified Sale

Specified Sale means the sale or disposition, in whole or in part, of any combination of

Specified Sale means a transaction contemplated pursuant to an asset purchase agreement for the sale, assignment, transfer or other disposition, as applicable, of certain assets related to the BDC advisory business, as previously disclosed to the Lenders, to the buyer previously disclosed to the Lenders, subject to customary closing conditions as set forth therein.

Specified Sale means a Subsequent Public Offering pursuant to which, after giving effect to such Subsequent Public Offering, the MOIC is at least 1.0.

Specified Sale means a transfer, sale or other disposition (i) by Oaktree and its Affiliates (as such terms are defined in the Shareholders’ Agreement, by and among the Company and shareholders thereof, as amended from time to time), in one or a series of related transactions, of eighty-five percent (85%) or more on a cumulative basis of the Equity Securities held by such Persons, or (ii) of eighty-five percent (85%) or more on a cumulative basis of the assets of the Company and its Subsidiaries, on a consolidated basis.

Specified Sale shall have the meaning set forth in that certain letter agreement re: Specified Sale executed concurrently herewith by and among Borrowers, Guarantors, Agent and Lenders.

Specified Sale means the Disposition of all or a portion of the assets of the Borrower assigned the code names “Rockford” and “Xxxxxx.”

Specified Sale means the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger, amalgamation or consolidation), in one or a series of related transactions, of any assets of the Issuer or its Restricted Subsidiaries, which constitutes less than or equal to 50% of the total consolidated assets of the Issuer and its Restricted Subsidiaries as determined in accordance with the Applicable Accounting Standards.