Net Cash Settlement. (i) Upon any disposition of all or a portion of the Securities for an amount of net cash proceeds equal to or greater than the Collateral Amount attributable to the Securities being disposed, Party A shall (A) pay to Party B any excess of such net cash proceeds over the Collateral Amount attributable to such Securities being disposed and (B) return to Party B the portion of the Collateral Amount attributable to such Securities. (ii) Upon the disposition of all or a portion of the Securities for an amount of net cash proceeds less than the Collateral Amount attributable to the Securities being disposed, Party A shall return to Party B (i) the Collateral Amount attributable to the Securities being disposed reduced by (ii) the difference between such Collateral Amount and the net cash proceeds received from the disposition of such Securities.
Appears in 4 contracts
Samples: Total Return Swap Agreement (Brookfield Retail Holdings LLC), Total Return Swap Agreement (Brookfield Retail Holdings LLC), Total Return Swap Agreement (Brookfield Retail Holdings LLC)
