Transferred Proceeds Clause Samples

The Transferred Proceeds clause defines how funds or assets received from a specific transaction or event are to be handled and distributed between parties. Typically, this clause outlines the process for transferring proceeds from the seller to the buyer, or from one party to another, after the completion of a sale, settlement, or other triggering event. For example, it may specify the timing, method, and conditions under which the proceeds must be delivered, and may address deductions for fees or expenses. The core function of this clause is to ensure transparency and prevent disputes by clearly establishing the rights and obligations regarding the distribution of proceeds.
Transferred Proceeds. All of the sale and investment proceeds of the Refunded Agreement, including any investment proceeds therefrom, have been expended for the governmental purposes for which the Refunded Agreement was issued and delivered in accordance with the certificates and proceedings of the Lessee delivered in connection with the Refunded Agreement. There are no transferred proceeds (as defined in Treas. Reg. Section 1.148-9) of the Master Agreement from the Refunded Agreement.
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Transferred Proceeds. As of the Issue Date, the following unspent proceeds of the Refunded Bonds remain: approximately $ in the debt service reserve fund for the Refunded Bonds. Upon discharge of the Refunded Bonds, a ratable portion of the remaining unspent proceeds of the Refunded Bonds will become “transferred proceeds” of the Bonds (within the meaning of Regulations § 1.148-9(b)).
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Transferred Proceeds. There are no unspent proceeds (sale proceeds, investment proceeds or transferred proceeds) of the Refunded Bond. Therefore there are no transferred proceeds of the Note.
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Transferred Proceeds. As of the Delivery Date, approximately $814,008.06 of proceeds of the Refunded Obligations remains on deposit in the reserve fund established for the Refunded Obligations. This amount will be used on March 15, 2017 together with proceeds of the Certificates and other money of the City to refund the Refunded Obligations. Therefore, as of the Delivery Date, the City does not expect that there will be any unspent proceeds of the Refunded Obligations after March 15, 2017, the redemption date of the Refunded Obligations, therefore, there are not expected to be any transferred proceeds of the Certificates.
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Transferred Proceeds. This is not a refunding so there are no transferred proceeds. [Reg. 1.148-9]
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Related to Transferred 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.

  • 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;

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Proceeds of Dispositions; Expenses The Debtor shall pay to the Secured Party on demand any and all expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Secured Party in protecting, preserving or enforcing the Secured Party's rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale or other disposition of the Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Secured Party may determine, proper allowance and provision being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned to the Debtor. In the absence of final payment and satisfaction in full of all of the Obligations, the Debtor shall remain liable for any deficiency.

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.