Available Equity Proceeds Sample Clauses
The 'Available Equity Proceeds' clause defines the portion of funds generated from an equity transaction that is available for distribution or use after deducting certain costs or obligations. Typically, this clause specifies which expenses—such as transaction fees, taxes, or outstanding debts—must be subtracted from the gross proceeds before determining the net amount. For example, if a company sells shares, only the remaining funds after paying legal fees and taxes would be considered 'available equity proceeds.' This clause ensures clarity and fairness by establishing a transparent method for calculating distributable funds, thereby preventing disputes over how much money is actually available following an equity event.
Available Equity Proceeds. Notwithstanding the foregoing, the Borrower may pay Dividends within 60 days after the date of declaration thereof if at such date of declaration such Dividend would have complied with this Section 8.4; provided, however, that such Dividend shall be included (without duplication) in the calculation of Restricted Payments for purposes of Section 8.4(b).
Available Equity Proceeds. Investments in Joint Ventures or Subsidiaries that are not Loan Parties in an aggregate amount not to exceed the Available Equity Proceeds on the date of such Investment, so long as both immediately before and after giving effect to any such Investment: (i) no Default shall exist, (ii) Availability shall not be less than $200,000,000 and (iii) if the Investment is an Acquisition, such Acquisition was not preceded by, or consummated pursuant to, an unsolicited tender offer or proxy contest initiated by or on behalf of the Company or any Subsidiary;