Aggregate Net Cash Proceeds definition
Aggregate Net Cash Proceeds means the cash or cash equivalent proceeds received by the Company or its Subsidiaries in respect of any asset sale or disposition or casualty or condemnation event, net of (i) reasonable and customary direct costs, (ii) subject to the consent of the Required Holders (not to be unreasonably withheld), indebtedness permitted hereunder and secured by a Permitted Lien that is required to be satisfied as a result thereof, and (iii) taxes paid or reasonably estimated to be payable as a result thereof.
Aggregate Net Cash Proceeds means the aggregate amount of cash proceeds realized by holders of Common Stock in respect of shares of Common Stock (excluding any sales of such shares to affiliated investment funds) after the date of this Agreement and at or prior to such the Liquidity Event, in each case, net of any transaction fees, costs and expenses that reduce such proceeds.
Aggregate Net Cash Proceeds means, as to sales and mergers that are Designated Sales, the aggregate cash proceeds received by the Borrower or a Subsidiary (including cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received), net of (a) selling expenses (including reasonable broker's fees or commissions, transfer and similar taxes, any amount actually paid by the Borrower or a Subsidiary to repay or discharge Debt secured by a Lien on any property or asset included in the applicable Designated Sale other than Debt incurred in contemplation of the applicable Designated Sale, and the Borrower's good faith estimate of income taxes paid or payable in connection with the receipt of such cash proceeds), and
Examples of Aggregate Net Cash Proceeds in a sentence
Borrowers shall notify Agent of the allocation of such Aggregate Net Cash Proceeds between real property Collateral and tangible Collateral other than real estate.
Agent will promptly notify each Lender of its receipt of any such Aggregate Net Cash Proceeds, the allocation thereof between real estate Collateral and non-real estate Collateral, and of the amount of such Lender’s Applicable Percentage of such prepayment.
More Definitions of Aggregate Net Cash Proceeds
Aggregate Net Cash Proceeds means the cumulative aggregate cash proceeds received by any Borrower or any of their respective Subsidiaries in respect of any Asset Disposition and/or Casualty Loss, net of (i) reasonable direct costs, (ii) Indebtedness that is satisfied as a result thereof, and (iii) taxes paid or payable as a result thereof; it being understood that “Aggregate Net Cash Proceeds” shall include, without limitation, any non-cash consideration received by any Borrower or any of their respective Subsidiaries in any Asset Disposition and shall be determined cumulatively for any fiscal year for all transactions, regardless of whether related.
Aggregate Net Cash Proceeds means, as to sales and mergers that are Designated Sales, the aggregate cash proceeds received by the Borrower or a Subsidiary (including cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received), net of (a) selling expenses (including reasonable broker's fees or commissions, transfer and similar taxes, and the Borrower's good faith estimate of income taxes paid or payable in connection with the receipt of such cash proceeds), and (b) amounts provided as a reserve, in accordance with GAAP, against any liabilities under indemnification obligations associated with such sales and mergers (provided that, to the extent and at such time any such amounts are released from such reserve, such amounts shall be included in Aggregate Net Cash Proceeds). 7 "Agreement" means this Amended and Restated Credit Agreement, as amended or supplemented from time to time. References to Articles, Sections, Exhibits, Schedules and the like refer to the Articles, Sections, Exhibits, Schedules and the like of this Agreement unless otherwise indicated.
Aggregate Net Cash Proceeds means, as to sales and mergers that are Designated Sales, the aggregate cash proceeds received by the Parent or a Subsidiary (including cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received), net of (a) selling expenses (including reasonable broker's fees or commissions, transfer and similar taxes, any amount actually paid by the Parent or a Subsidiary to repay or discharge Debt secured by a Lien on any property or asset included in the applicable Designated Sale other than Debt incurred in contemplation of the applicable Designated Sale, and the Parent's good faith estimate of income taxes paid or payable in connection with the receipt of such cash proceeds), and (b) amounts provided as a reserve, in accordance with GAAP, against any liabilities under indemnification obligations associated with such sales and mergers (provided that, to the extent and at such time any such amounts are released from such reserve, such amounts shall be included in Aggregate Net Cash Proceeds).
Aggregate Net Cash Proceeds means, as to sales and mergers that are Designated Sales, the aggregate cash proceeds received by the Borrower or a Subsidiary (including cash proceeds subsequently received (as and when received) in respect of non-cash consideration initially received), net of (a) selling expenses (including reasonable broker's fees or commissions, transfer and similar taxes, any amount actually paid by the Borrower or a Subsidiary to repay or discharge Debt secured by a Lien on any property or asset included in the applicable Designated Sale other than Debt incurred in contemplation of the applicable Designated Sale, and the Borrower's good faith estimate of income taxes paid or payable in connection with the receipt of such cash proceeds), and (b) amounts provided as a reserve, in accordance with GAAP, against any liabilities under indemnification obligations associated with such sales and mergers (provided that, to the extent and at such time any such amounts are released from such reserve, such amounts shall be included in Aggregate Net Cash Proceeds).