Adjusted Net Proceeds means the product of 1.5 and the aggregate amount of Net Proceeds (as defined below).
Adjusted Net Proceeds means the Net Proceeds not used to repay monetary Obligations owed to the Purchaser pursuant to clause (c) above.”
Adjusted Net Proceeds has the meaning set forth in Section 5.21.
Examples of Adjusted Net Proceeds in a sentence
Illustrative example of the Adjusted Net Proceeds Calculation and corresponding Redemption payment Refer to explanations below table.
The repayment must be made in monthly installments, based upon the adjusted net proceeds of the [operator’s] business of the operator in accordance with the following table: Adjusted Net Proceeds Installment Required $0to$1,000.
Adjusted Net Proceeds and Interest (add lines C13 and C12) $ C15.
The repayment must be made inmonthly installments, based upon the adjusted net proceeds of the [operator’s] business of the operator in accordance with the following table: Adjusted Net Proceeds Installment Required $0to$1,000.
Upon the date on which a prepayment is required under Section 7.04, the Commitment of each Bank shall be permanently reduced in an amount equal to such Bank's Pro Rata Percentage of such Adjusted Net Proceeds.
More Definitions of Adjusted Net Proceeds
Adjusted Net Proceeds. Net Proceeds without deduction of amounts applied to repayment of Debt secured by a Permitted Lien.
Adjusted Net Proceeds has the meaning specified in Section 7.04. -----------------------
Adjusted Net Proceeds means (i) 100% of the net proceeds received by the Buyers from any sale, divestiture or disposal of any assets of any Sold Companies, Subsidiaries or Separate Assets pursuant to this Section 5.23(b) (which net proceeds shall be deemed to be the gross proceeds of such sale, divestiture or disposal less any incremental costs incurred by the Buyers (and not reimbursed by the purchaser in such sale, divestiture or disposal) to move, install or modify equipment, or any unreimbursed infrastructure or similar implementation costs in order to effect any action required pursuant to this Section) less (ii) an amount equal to the aggregate replacement cost (determined by GE Capital or another firm selected by mutual agreement of IR and Timken) of any fixed assets of the Sold Companies, Subsidiaries or Separate Assets sold, divested or disposed of pursuant to this Section 5.23(b) (such replacement cost to be equal to (i) the installed cost to acquire comparable used assets of comparable age and operating condition, if available, or (ii) if such comparably-aged and operated assets are not available, the installed cost of comparable assets of such newer age as are available); provided that, without the prior written consent of IR, the Sellers shall not be responsible for paying the replacement cost of assets sold, divested or disposed of pursuant to this Section 5.23(b) to the extent the aggregate original cost basis of such assets exceeds $20,000,000 (and, absent such consent, any such assets in excess of such amount shall not be included in the calculation of Adjusted Net Proceeds).
Adjusted Net Proceeds in respect of any Pro Rata Prepayment Event means an amount equal to the product of (a) 75% of the Net Proceeds (as defined in the Revolving Credit Agreement) of the associated Prepayment Event (as defined in the Revolving Credit Agreement), and (b) a fraction, the numerator of which is aggregate outstanding principal balance of the Notes and the denominator of which is the numerator plus the Aggregate Revolving Credit Exposure (as defined in the Revolving Credit Agreement) calculated as of the date of the Prepayment event giving rise to such Net Proceeds."
Adjusted Net Proceeds in respect of any Pro Rata Prepayment Event means the Net Proceeds (as defined in the Revolving Credit Agreement) of the associated Prepayment Event (as defined in the Revolving Credit Agreement), actually required to be applied to a prepayment of outstanding Borrowings (as defined in the Revolving Credit Agreement) under the Revolving Credit Agreement pursuant to Section 2.10(c) thereof.
Adjusted Net Proceeds. Net Proceeds without deduction of amounts applied to repayment of Debt secured by a Permitted Lien. Affected Financial Institution: (a) any EEA Financial Institution or (b) any UK Financial Institution.
Adjusted Net Proceeds means Net Proceeds remaining after deduction of the following:
1. Any residual and/or pension, health and welfare payments paid to unions, guilds, or their members in accordance with the agreements between Company and the applicable guild with respect to the Picture (to the extent not assumed by the distributor(s) of the Picture); any third party sales agent and producer representative fees, expenses, and any amounts used to repay loans received in connection with the production of the Picture;
2. ongoing third party accounting costs and expenses actually incurred by or on behalf of Company in connection with the processing of payments to profit participants (including, without limitation, collection agent fees and expenses), and audit costs; all actual, third party, out of pocket expenses incurred in connection with the existence and management of Company (e.g. , taxes, accounting fees, filing fees, etc.); any amounts required to be withheld by law; any actual, third party, out of pocket costs incurred by or on behalf of Company or its affiliates in connection with enforcement of Company's rights in the Picture, including, without limitation, actual, direct, out-of-pocket accounting, legal and auditor fees and expenses;
3. actual, third party, out of pocket amounts incurred by or on behalf of Company in connection with the sale, marketing, licensing, delivery, distribution and/or exploitation of the Picture;
4. actual, third party, out of pocket expenses incurred by or on behalf of Company in connection with the ongoing ownership of the Picture (e.g. , costs incurred in connection with the preservation and storage of negatives and master prints and digital storage of the Picture and any expenses incurred in connection with the copyrighting of the Picture);
5. any reasonable reserve amounts, as determined by Company in its good faith business judgment, required to cover anticipated future costs or liabilities, provided that such reserve amounts shall be liquidated every twelve (12) months. It is understood that Company makes no representations or warranties as to the amount of Net Proceeds, if any, that Company will receive from the exploitation of the Picture .
6. any deferred compensation and bonuses (e.g., box office bonuses, award bonuses,) payable to parties rendering services in connection with the Picture (to the extent not assumed by the distributor(s) of the Picture);
7. General operational expenses, ongoing costs for the operation of the company;