Common use of Capital Proceeds Contingent Interest Defined Clause in Contracts

Capital Proceeds Contingent Interest Defined. Subject to Section 2(i) hereof, Maker shall pay to Payee, in addition to Pay Rate Interest, Deferred Interest and Cash Flow Contingent Interest, at the time or times and in the manner hereinafter described, an amount equal to ninety percent (90%) of the Net Capital Proceeds resulting from, or determined at the time of, any of the Triggering Events described below (collectively, "Capital Proceeds Contingent Interest").

Appears in 4 contracts

Samples: Amended and Restated Promissory Note (Amerco /Nv/), Amended and Restated Promissory Note (Amerco /Nv/), Sac Participation and Subordination Agreement (Amerco /Nv/)

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