Net Proceeds. The Company will apply the net proceeds from the Offering and the sale of the Private Placement Warrants received by it in a manner consistent with the applications described under the caption “Use of Proceeds” in the Statutory Prospectus and the Prospectus.
Net Proceeds. To the extent that funds are available Manager shall remit the balances due to owner monthly.
Net Proceeds. To the extent that funds are available and after maintaining the cash contingency reserve amount as specified in Section 4(b), Broker shall transmit the cash balances to Owner or as otherwise directed by the client in writing. Net proceeds are defined as the amount after all costs and expenses are deducted by Broker from the gross proceeds from the Property. Broker typically generates owner statements and payments due at the end of the month. This payment schedule is not guaranteed. For example, if Tenant does not pay rent, this can delay Owner's payment.
Net Proceeds. The Company will apply the net proceeds received by it from the Offering and the sale of the Insider Warrants in a manner consistent with the applications described under the caption “Use of Proceeds” in the Disclosure Package and the Prospectus.
Net Proceeds. Net Proceeds constituting proceeds of a condemnation award, sale of land, or casualty insurance claim with respect to the Project shall be deposited in a special restoration account to be established and held by the Trustee for the Project and the Trustee upon receipt of Net Proceeds shall give written notice to the Authority of such event. Such amounts shall either be applied to the redemption of Bonds or the repair, replacement, restoration or rebuilding of the Project or part thereof as determined in accordance with this Section. Prior to the receipt of Net Proceeds by the Trustee, the Trustee shall first receive a written direction from the Borrower as to whether such proceeds shall be used to redeem the Bonds or to rebuild the Project as set forth in Section 5.4 of the Loan Agreement. Upon receipt of such written direction from the Borrower that such Net Proceeds will be used to redeem the Bonds, the Trustee shall notify the Authority and the Borrower shall cause the Net Proceeds to be paid to the Trustee no more than 30 days from the date that such Net Proceeds will be used to redeem the Bonds.
Net Proceeds. To the extent that funds are available and after maintaining the cash contingency reserve 44 amount as specified in Section 3(b), Broker shall transmit the cash balances to Owner monthly. 45
Net Proceeds. To the extent that funds are available and after maintaining the cash contingency 40 reserve amount as specified in Section 3(b), Broker shall transmit the cash balances to Owner or as otherwise 41 directed by the client in writing. Net proceeds are defined as the amount after all costs and expenses are deducted 42 by Xxxxxx from the gross proceeds from the Property
Net Proceeds. To the extent that funds are available and after maintaining the reserve amount as 47 specified in Section 4(B), Broker shall transmit the cash balances to Owner or as otherwise directed by the client in 48 writing. Net proceeds are defined as the amount after all costs and expenses are deducted by Broker from the gross 49 proceeds from the Property 50 51
Net Proceeds. Lessee shall pay to Lessor a, sum equal to one (1) percent of the Net Proceeds from the production of Minerals from the Property. Payments of the Net Proceeds shall be made in accordance with the provisions of Exhibit B attached hereto.
Net Proceeds. (a) If the Net Proceeds are insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Improvements and the damage or destruction is not of the extent or nature described in Section 15.5, the Landlord shall make available to the Tenant any amounts on deposit in the Reserve Fund and cause the Agent to make available any amounts on deposit in the Net Proceeds Collateral Reserve Account in an amount equal to the cost in excess of the Net Proceeds. If the Net Proceeds, together with any amounts available from the Reserve Fund and/or the Net Proceeds Reserve Account, are insufficient to pay in full the cost of any repair, restoration, modification, improvement or replacement of the Improvements and the damage or destruction is not of the extent or nature described in Section 15.5, the Tenant shall complete the work and pay any cost in excess of the amount of the Net Proceeds. If by reason of any such insufficiency of the Net Proceeds, the Tenant shall make any payments pursuant to the provisions of this Section 19.2, the Tenant shall not be entitled to any reimbursement therefor from the Landlord nor shall the Tenant be entitled to any diminution of the Rent Payments due with respect to the Leased Property nor shall Tenant have any legal or equitable ownership interest in the property acquired with moneys provided Tenant and utilized in such repair, restoration, modification or replacement.
