Define: Asset Sale
What does "Asset Sale" mean? The meaning differs based on the contract. We found 4 definitions across 3 companies in SEC filings.
Definition 1 (CARNIVAL CORP, seen in 1 filing)
Asset Sale means (1) the sale, lease, conveyance or other disposition of any assets by the Company or any of its Restricted Subsidiaries provided that the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 6.2.4 and not by Section 6.2.5 and (2) the issuance of Equity Interests by any Restricted Subsidiary or the sale by the Company or any of its Restricted Subsidiaries of Equity Interests in any of the Restricted Subsidiaries (in each case, other than directors’ qualifying shares and shares to be held by third parties to meet the applicable legal requirements).
Source: CARNIVAL CORP 10-K
Definition 2 (CARNIVAL CORP, seen in 1 filing)
Asset Sale means (1) the sale, lease, conveyance or other disposition of any assets by the Company or any of its Restricted Subsidiaries provided that the sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 6.2.4 and not by Section 6.2.5 and (2) the issuance of Equity Interests by any Restricted Subsidiary or the sale by the Company or any of its Restricted Subsidiaries of Equity Interests in any of the Restricted Subsidiaries (in each case, other than directors' qualifying shares and shares to be held by third parties to meet the applicable legal requirements).
Source: CARNIVAL CORP 10-Q
Definition 3 (AMPHENOL CORP /DE/, seen in 1 filing)
Asset Sale means the sale by the Company or any of its Subsidiaries to any Third Party of (i) any of the stock or other ownership interests of any of the Company’s Subsidiaries, (ii) substantially all of the assets of any division or line of business of the Company or any of its Subsidiaries, or (iii) any other assets (whether tangible or intangible) of the Company or any of its Subsidiaries outside of the ordinary course of business (other than (a) accounts receivable sold pursuant to any Accounts Receivable Facility permitted by Section 8.01(c)(ii) and (b) any other such assets to the extent that the aggregate value of such assets sold in any single transaction or related series of transactions is equal to, or less than, the greater of (x) $100,000,000 and (y) 3.0% of Consolidated EBITDA as of the last day of the most recently ended Testing Period).
Source: AMPHENOL CORP /DE/ 8-K
Definition 4 (COHERENT CORP., seen in 1 filing)
Asset Sale means (x) any Disposition (including any sale and lease-back of assets and any mortgage or lease of Real Property) to any person of any asset or assets of the Borrower or any Subsidiary and (y) any sale of any Equity Interests by any Subsidiary to a person other than the Borrower or a Subsidiary.
Source: COHERENT CORP. 8-K
Data extracted from 4 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.