Net Proceeds. The Company will apply the net proceeds from the Offering and the sale of the Private Placement Warrants received by it in a manner consistent with the applications described under the caption “Use of Proceeds” in the Statutory Prospectus and the Prospectus.
Net Proceeds. To the extent that funds are available Manager shall remit the balances due to owner monthly.
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. The Company will apply the net proceeds received by it from the Offering and the sale of the Insider Warrants in a manner consistent with the applications described under the caption “Use of Proceeds” in the Disclosure Package and the Prospectus.
Net Proceeds. Net Proceeds constituting proceeds of a condemnation award, sale of land, or casualty insurance claim with respect to the Project shall be deposited in a special restoration account to be established and held by the Trustee for the Project and the Trustee upon receipt of Net Proceeds shall give written notice to the Authority of such event. Such amounts shall either be applied to the redemption of Bonds or the repair, replacement, restoration or rebuilding of the Project or part thereof as determined in accordance with this Section. Prior to the receipt of Net Proceeds by the Trustee, the Trustee shall first receive a written direction from the Borrower as to whether such proceeds shall be used to redeem the Bonds or to rebuild the Project as set forth in Section 5.4 of the Loan Agreement. Upon receipt of such written direction from the Borrower that such Net Proceeds will be used to redeem the Bonds, the Trustee shall notify the Authority and the Borrower shall cause the Net Proceeds to be paid to the Trustee no more than 30 days from the date that such Net Proceeds will be used to redeem the Bonds.
Net Proceeds. To the extent that funds are available and after maintaining the cash contingency reserve 44 amount as specified in Section 3(b), Broker shall transmit the cash balances to Owner monthly. 45
Net Proceeds. To the extent that funds are available and after maintaining the cash contingency 27 reserve amount as specified in Section 4(b), Broker/Designated Property Manager shall transmit the cash balances 28 to Owner or as otherwise directed by the client in writing. Net proceeds are defined as the amount after all costs and 29 expenses are deducted by Broker/Designated Property Manager from the gross proceeds from the Property
Net Proceeds. To the extent that funds are available and after maintaining the reserve amount as 47 specified in Section 4(B), Broker shall transmit the cash balances to Owner or as otherwise directed by the client in 48 writing. Net proceeds are defined as the amount after all costs and expenses are deducted by Broker from the gross 49 proceeds from the Property 50 51
Net Proceeds. Lessee shall pay to Lessor a sum equal to one (1) percent of the Net Proceeds from the production of Minerals from the Property. Payments o€ the Net Proceeds shall be made in accordance with the provisions of Exhibit B attached hereto.
Net Proceeds. The proceeds of the Bonds shall be deposited, held, invested, reinvested and disbursed as provided in the Indenture. The Net Proceeds of the Bonds will be set aside under the Indenture in the Improvement Fund. Moneys in the Improvement Fund shall be withdrawn therefrom in accordance with the provisions of the Indenture and the applicable provisions hereof for payment of all or a portion of the costs of construction and/or acquisition of the Facilities (including payment of the Purchase Price of Discrete Components thereof) all as herein provided. Funds in the Improvement Fund shall be reserved and disbursed in accordance with this Acquisition Agreement. The Owner acknowledges that any lack of availability of amounts in the Improvement Fund to pay the Purchase Price of Facilities or any Discrete Components thereof shall in no way diminish any obligation of the Owner with respect to the construction of or contributions for public facilities and mitigation measures required by the Conditions of Approval or any subdivision, development or other agreement to which the Owner is a party, or any governmental approval to which the Owner or any land within the District are subject.
