Exchange Proceeds Sample Clauses

The Exchange Proceeds clause defines how the financial proceeds from an exchange transaction are to be handled between the parties involved. Typically, it outlines the method and timing for distributing the funds or assets received as a result of the exchange, and may specify any deductions, escrow arrangements, or conditions that must be met before proceeds are released. This clause ensures that both parties have a clear understanding of their entitlements and the process for receiving the exchange proceeds, thereby reducing the risk of disputes and ensuring transparency in the transaction.
Exchange Proceeds. If, between the date hereof and the Closing, any Entity or any Seller receives any proceeds in consideration for the exchange of any of its assets (solely, in the case of the Parent as it relates to the Purchased Parent Assets), whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Sellers shall immediately notify the Purchasers of the receipt of such Exchange Proceeds and shall consult with the Purchasers with respect to the application of any such Exchange Proceeds. The Sellers shall ensure that any Exchange Proceeds received by any Entity shall either be used to purchase replacement assets or shall be retained by the applicable Entity.
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Exchange Proceeds. If, between the date hereof and the Closing, the Company or any of its Subsidiaries receives any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Company and/or its Subsidiaries shall, and each of the Stockholders shall cause the Company and/or such Subsidiary to, promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
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Exchange Proceeds. If, between the date hereof and the Closing, HarnCo, Sellers, the Companies or their Subsidiaries and/or any of their Affiliates receives any Exchange Proceeds, one of them shall promptly notify the Investor of the receipt of the Exchange Proceeds. Any Exchange Proceeds received by HarnCo, Sellers, the Companies or their Subsidiaries between October 31, 1997 and the Closing shall either be used to purchase replacement Business Assets or shall be retained by the Companies (as determined based on consultation with Investor).
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Exchange Proceeds. In the event there are funds being held by QI from the sale of Relinquished Property, those funds, less fees and costs as provided in the Exchange Agreement (the “Exchange Proceeds”) will be supplied by QI except to the extent Exchangor elects to cause funds to be supplied by loans described below in Sections 1.3.1.2 and 1.3.1.3.
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Exchange Proceeds. If, between the date hereof and the Closing, the Sellers receive any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "EXCHANGE PROCEEDS"), the Sellers shall promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
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Exchange Proceeds. If, between the date hereof and the Closing, CRSI and/or any of the Subsidiaries receives any proceeds in consideration for the exchange of any of its assets or Real Properties (other than the Excluded Assets and Liabilities), whether from the sale of any such assets or Real Properties, from insurance proceeds payable on account of any loss or casualty to such assets or Real Properties, any proceeds from the taking of any such assets or Real Properties pursuant to the power of eminent domain, or any other proceeds from whatever source (the "Exchange Proceeds"), CRSI shall immediately notify Buyer of CRSI's or any Subsidiaries' receipt of such Exchange Proceeds and shall consult with Buyer with respect to the application of such Exchange Proceeds. Any Exchange Proceeds received by CRSI and/or the Subsidiaries shall either be used to purchase replacement assets or Real Properties or be retained by CRSI or such Subsidiary.
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Exchange Proceeds. If, between the date hereof and the Closing, any Company receives any proceeds in consideration for the exchange of any of its assets that constitute Purchased Assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds from the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "Exchange Proceeds"), the Company shall promptly notify the Purchaser of ----------------- such receipt of Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds.
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Exchange Proceeds. If, between the date hereof and the Closing, any Company receives any proceeds in consideration for the exchange of any of its assets, whether from the sale of any such assets, from insurance proceeds payable on account of any loss or casualty to such assets, any proceeds form the taking of such assets pursuant to the power of eminent domain, or any other proceeds from whatever source relating to the disposition of such assets (the "EXCHANGE PROCEEDS"), ----------------- such Company shall promptly notify the Purchaser of such receipt of such Exchange Proceeds and shall consult with the Purchaser with respect to the application of any such Exchange Proceeds, which shall either be used to purchase replacement assets or real properties or shall be retained by such Company.
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Exchange Proceeds 
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Related to Exchange Proceeds

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

  • Proceeds from Shares Sold The Custodian shall receive funds representing cash payments received for Shares issued or sold from time to time by the Funds, and shall promptly credit such funds to the account(s) of the applicable Portfolio(s). The Custodian shall promptly notify each applicable Fund of Custodian's receipt of cash in payment for Shares issued by such Fund by facsimile transmission or in such other manner as the Fund and Custodian may agree in writing. Upon receipt of Proper Instructions, the Custodian shall: (a) deliver all federal funds received by the Custodian in payment for Shares in payment for such investments as may be set forth in such Proper Instructions and at a time agreed upon between the Custodian and the applicable Fund; and (b) make federal funds available to the applicable Fund as of specified times agreed upon from time to time by the applicable Fund and the Custodian, in the amount of checks received in payment for Shares which are deposited to the accounts of each applicable Portfolio.

  • Subsequent Equity Issuances The Company shall not deliver any Sales Notice hereunder (and any Sales Notice previously delivered shall not apply during such three Business Days) for at least three (3) Business Days prior to any date on which the Company or any Subsidiary offers, sells, issues, contracts to sell, contracts to issue or otherwise disposes of, directly or indirectly, any other shares of Common Stock or any Common Stock Equivalents (other than the Shares), subject to Manager’s right to waive this obligation, provided that, without compliance with the foregoing obligation, the Company may issue and sell Common Stock pursuant to any employee equity plan, stock ownership plan or dividend reinvestment plan of the Company in effect at the Execution Time and the Company may issue Common Stock issuable upon the conversion or exercise of Common Stock Equivalents outstanding at the Execution Time.

  • Extraordinary Receipts Within 1 Business Day of the date of receipt by Borrower or any of its Subsidiaries of any Extraordinary Receipts, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.4(f)(ii) in an amount equal to 100% of such Extraordinary Receipts, net of any reasonable expenses incurred in collecting such Extraordinary Receipts.

  • Condemnation Proceeds all Condemnation Proceeds other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released to the related Mortgagor in accordance with the Servicing Standard, which proceeds shall be deposited by the Master Servicer into an Escrow Account and not deposited in the Collection Account;