Common use of Net Proceeds Clause in Contracts

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. To the extent that funds are available and after maintaining the cash contingency 40 reserve amount as specified in Section 4(b3(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 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. To the extent that funds are available and after maintaining the cash contingency 46 reserve amount as specified in Section 4(b3(b), Broker shall transmit the cash balances to Owner or as otherwise 47 directed by the client in writing. Net proceeds are defined as the amount after all costs and expenses are deducted 48 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.