Sales Proceeds Clause Samples
The Sales Proceeds clause defines how the money received from the sale of an asset, property, or business will be handled and distributed among the parties involved. Typically, it outlines the order of payments, such as covering transaction costs, repaying debts, and then dividing the remaining funds according to agreed percentages or priorities. This clause ensures transparency and fairness in the allocation of sale revenues, preventing disputes by clearly specifying who receives what portion of the proceeds.
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Sales Proceeds. Sales Proceeds" mean:
Sales Proceeds. In case of Failed Delivery: (a) where received by ▇▇▇▇▇▇, Sales Proceeds will be refunded to the Buyer; and (b) where received by you, the Net Proceeds will be refunded to Lazada.
Sales Proceeds. The proceeds received upon a sale (approved by the Parties) of the Total Servicing Spread, in whole or in part, including through a sale of Mortgage Servicing Rights in accordance with Section 8.12.
Sales Proceeds. The stock certificate or certificates that the Investors deliver to the Transferring Shareholder pursuant to Section 5.3(a) shall be transferred to the prospective purchaser in consummation of the sale of the Stock pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each Investor that portion of the sale proceeds to which that Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities from the Investors, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Stock unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities from the Investors.
Sales Proceeds. Apply the proceeds of sales of its fixed or capital assets in excess of a cumulative total of $500,000 at Lender's option, to:
(1) the most remote principal installments of the Loan; (2) replacement of the assets sold; (3) a reserve for future purchase of fixed or capital assets; or (4) working capital purposes.
Sales Proceeds. Without the prior written consent of the Majority Tranche B Lenders, neither Lessee nor any Person acting on behalf of Lessee has taken or will take any action which might cause any of the Operative Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect.
Sales Proceeds. The share certificate or certificates that the Non-transferring Preference Shareholders deliver to the Transferring Shareholder pursuant to Section 5.2(a) shall be transferred to the prospective purchaser in consummation of the sale of the Shares pursuant to the terms and conditions specified in the Transfer Notice, and the Transferring Shareholder shall use commercially reasonable efforts to cause the purchaser to remit to each Non-transferring Preference Shareholder that portion of the sale proceeds to which that Non-transferring Preference Shareholder is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities from the Non-transferring Preference Shareholders, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Shares unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities from the Non-transferring Preference Shareholders.
Sales Proceeds. The documentation executed in connection with any Sale shall provide that (i) the sales proceeds shall be paid directly to the Company, and (ii) the Company shall pay all reasonable out-of-pocket costs and expenses incurred by the sales agent and the Company in connection with such sale. The Company shall distribute the sale proceeds in accordance with Section 5.02 of the Asset LLC Agreement.
Sales Proceeds. MPC shall pay or direct any sales proceeds from the sale of the Wa▇▇ ▇ssets to TEI. MPC shall not be liable for any sales proceeds until and unless received.
Sales Proceeds. In the event that the AAS is approved by the U.S. and the authorities of the Republic of Panama, all sales proceeds from approved harvested AAS will belong to ABP and/or ABT.