Air Cargo Proceeds definition

Air Cargo Proceeds means the proceeds in any form received by the Settling Defendants or their predecessors, successors, affiliates, parents, subsidiaries or assigns, (i) as distributions to class members in Air Cargo, or (ii) from any defendant in Air Cargo arising from the conduct alleged in Air Cargo relating to shipments to, from or within the United States or for payments made in the United States and received as a result of the Settling Defendants or their predecessors, successors, affiliates, parents, subsidiaries or assigns, having opted out of a class in Air Cargo or agreeing to do so.
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Air Cargo Proceeds means the proceeds in any form received by the Settling Defendants or their predecessors, successors, affiliates, parents, subsidiaries or assigns, (i) as distributions to class members in Air Cargo, or (ii) from any defendant in Air Cargo arising from the conduct alleged in Air Cargo received as a result of the Settling Defendants or their predecessors, successors, affiliates, parents, subsidiaries or assigns, having opted out of a class in Air Cargo or agreeing to do so.
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Air Cargo Proceeds means the cash proceeds received by the Released Parties or their predecessors, successors, affiliates, parents, subsidiaries or assigns from the date of Execution forward (i) as distributions to class members in Air Cargo, or (ii) from any defendant in Air Cargo arising from the conduct alleged in Air Cargo relating to shipments to, from or within the United States and received as a result of the Released Parties or their predecessors, successors, affiliates, parents, subsidiaries or assigns having opted out of a class in Air Cargo or agreeing to do so.
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Examples of Air Cargo Proceeds in a sentence

  • Settling Defendants have no obligation under this Section II(A)(1)(b) to pay Plaintiffs anything other than future Air Cargo Proceeds unless and until all Air Cargo Proceeds to UPS are exhausted.

  • Settling Defendants and their predecessors, successors, affiliates, parents, subsidiaries or assigns will file claims against settlement funds in the Air Cargo Litigation, and agree in good faith to take all reasonable steps necessary to obtain any and all Air Cargo Proceeds potentially due them.

  • For each and every instance of Settling Defendants’ receipt on or after June 18, 2014 of any Air Cargo Proceeds, within fifteen (15) calendar days of such receipt or within five (5) business days after the Effective Date (whichever is later), Settling Defendants or their designee shall pay by wire transfer to the Escrow Agent 100% of such proceeds, provided that the total amount paid into the Escrow Account pursuant to this Section does not exceed twenty-five million ($25,000,000) United States dollars.

  • Settling Defendants and their predecessors, successors, affiliates, parents, subsidiaries, and assigns agree to act in good faith, including by taking all steps necessary to obtain any and all Air Cargo Proceeds potentially due them.

  • Within twenty-one (21) calendar days after its future receipt of any Air Cargo Proceeds, Settling Defendant or its designee shall wire transfer pursuant to instructions from Settlement Class Counsel to the Escrow Agent an amount equal to 80.5% of any and all Air Cargo Proceeds received by Settling Defendant after the Effective Date.

  • Pursuant to this settlement, first, Morrison or their designee have agreed to wire transfer $1,678,700 to Plaintiffs’ Escrow Agent for deposit into the Settlement Fund.6 Second, within 15 calendar days after their receipt of any Air Cargo Proceeds, Morrison or their designee shall wire transfer to the 6 The Escrow Agent and the Settlement Fund are defined and described in the concurrently filed Settlement Agreement at Sections I.B.14 and I.B.32, pp.

  • Within fifteen (15) calendar days after their receipt of any Air Cargo Proceeds, Settling Defendants or their designee shall pay by wire transfer, pursuant to instructions from Settlement Class Counsel, to the Escrow Agent an amount equal to any and all Air Cargo Proceeds received by Settling Defendants.

  • Toll Global Forwarding (USA), Inc., upon behalf of the Settling Defendants and their predecessors, successors, affiliates, parents, subsidiaries or assigns, will file upon Settlement Class Counsel’s written request claims to obtain settlement funds in the Air Cargo Litigation, and agree in good faith to take all steps necessary to obtain any and all Air Cargo Proceeds potentially due them.


More Definitions of Air Cargo Proceeds

Air Cargo Proceeds means the proceeds in any form received by the Settling Defendants or their predecessors, successors, affiliates, parents, subsidiaries or assigns,
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Related to Air Cargo Proceeds

  • Net REO Proceeds As to any REO Mortgage Loan, REO Proceeds net of any related expenses of the Servicer.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • REO Proceeds Proceeds received in respect of any REO Mortgage Loan (including, without limitation, proceeds from the rental of the related Mortgaged Property).

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by the Company from such Event of Loss net of:

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Basis Risk Reserve Fund A fund created as part of the Trust Fund pursuant to Section 5.06 of this Agreement but which is not an asset of any of the REMICs.

  • Gross Proceeds means a share of the gross production of oil, gas, condensate, and natural gas liquids free of any and all cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, marketing, or pipeline construction and maintenance.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Bond Proceeds means the proceeds from the sale of bonds, notes, and other obligations issued by a district, and reserves and funds maintained by a district for debt service purposes.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Yield Supplement Amount means, with respect to any Collection Period and the related Deposit Date, the aggregate amount by which one month’s interest on the Principal Balance as of the first day of such Collection Period of each Discount Receivable (other than a Discount Receivable that is a Defaulted Receivable) at a rate equal to the Required Rate, exceeds one month’s interest on such Principal Balance at the APR of each such Receivable.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1996-1 Accounts, together with an amount equal to the Series 1996-1 Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Net Liquidation Proceeds After Debt Service means, with respect to any Liquidation Event, all amounts paid to or received by or on behalf of Borrower, Senior Mezzanine Borrower or Mortgage Borrower in connection with such Liquidation Event, including, without limitation, proceeds of any sale, refinancing or other disposition or liquidation, less (a) Lender’s, Senior Mezzanine Lender’s and/or Mortgage Lender’s reasonable costs incurred in connection with the recovery thereof, (b) amounts required or permitted to be deducted therefrom and amounts paid pursuant to the Mortgage Loan Documents and Senior Mezzanine Loan Documents to Mortgage Lender and/or Senior Mezzanine Lender (as applicable), (c) in the case of a foreclosure sale, disposition or Transfer of any Individual Property in connection with realization thereon following a Mortgage Loan Event of Default, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (d) in the case of a foreclosure sale, disposition or Transfer of any Senior Mezzanine Collateral in connection with realization thereon following a Senior Mezzanine Loan Default under any Senior Mezzanine Loan Documents, such reasonable and customary costs and expenses of sale or other disposition (including attorneys’ fees and brokerage commissions), (e) in the case of a foreclosure sale, such costs and expenses incurred by Mortgage Lender under the Mortgage Loan Documents as Mortgage Lender shall be entitled to receive reimbursement for under the terms of the Mortgage Loan Documents, (f) in the case of a foreclosure sale, such costs and expenses incurred by Senior Mezzanine Lender under the Senior Mezzanine Loan Documents as Senior Mezzanine Lender shall be entitled to receive reimbursement for under the terms of the Senior Mezzanine Loan Documents, (g) in the case of a refinancing of the Mortgage Loan and/ Senior Mezzanine Loan, such costs and expenses (including attorneys’ fees) of such refinancing as shall be reasonably approved by Lender, Mortgage Lender and/or Senior Mezzanine Lender, and (h) the amount of any prepayments required pursuant to the Mortgage Loan Documents, Senior Mezzanine Loan Documents and/or the Loan Documents, in connection with any such Liquidation Event.

  • Distributed generation facility means a facility owned and operated by a member of the Cooperative for the production of electrical energy that:

  • Air navigation facility means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices used or useful as an aid, or constituting an advantage or convenience to the safe taking off, navigation, and landing of aircraft, or the safe and efficient operation or maintenance of an airport, and any combination of any or all of such facilities.

  • Asset Sale Proceeds means, with respect to any Asset Sale,