Common use of Additional Assets Clause in Contracts

Additional Assets. Notwithstanding the foregoing, the 75% limitation referred to above shall be deemed satisfied with respect to any Asset Sale in which the cash or Cash Equivalents portion of the consideration received therefrom, determined in accordance with the foregoing provision on an after-tax basis, is equal to or greater than what the after-tax proceeds would have been had such Asset Sale complied with the aforementioned 75% limitation.

Appears in 3 contracts

Sources: Indenture (PDC Energy, Inc.), Indenture (PDC Energy, Inc.), Indenture (Triangle Petroleum Corp)