Auction Proceeds definition

Auction Proceeds means, with respect to a Collection Period, all amounts received by the Servicer in connection with the sale or disposition of any vehicle which is sold at auction or otherwise disposed of by the Servicer during such Collection Period, other than Insurance Proceeds.

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Auction Proceeds means the portion of the proceeds of the Auction of a Class allocable to a Certificate of such Class.

Auction Proceeds means all monies at any time during the Trust Period payable or becoming payable to the Member under Auction Rules by an Issuer or by Lloyd’s as legal owner of the Lloyd’s Auction Settlement Account (including any such amount so payable or becoming payable to the Member in the capacity of an Issuer and belonging beneficially to it) and includes

Examples of Auction Proceeds in a sentence

• If the Net Auction Proceeds are less than the Sales Proceeds Advance of the related 2025-B Lease, or if a Sales Proceeds Advance is outstanding for more than ninety days, the Servicer shall be reimbursed therefor in accordance with Section 8.03(a)(iii) hereto.

• If the Servicer sells or otherwise disposes of a Matured Vehicle after having made a Sales Proceeds Advance, the Servicer may retain the Net Auction Proceeds up to the amount of the Securitization Value of the related 2025-B Lease and the Residual Value Surplus, if any, will be deposited into the 2025-B Series Collection Account.

• If the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuing Entity shall have no claim against or interest in such Matured Vehicle or any Net Auction Proceeds resulting from the sale or other disposition thereof, except with respect to any related Residual Value Surplus.

More Definitions of Auction Proceeds

Auction Proceeds. The portion of the proceeds of an auction of a Class allocable to a Certificate of such Class as set forth in the Auction Administration Agreement.

Auction Proceeds means, with respect to any Series 1996-1 Leased Vehicle which is sold at auction or otherwise disposed of by the Administrative Agent on behalf of FCTT, all amounts received by the Administrative Agent in connection with such sale or disposition; provided, that if RCL Trustee exercises the purchase option pursuant to Section 9.1 of the Program Operating Lease, the "Auction Proceeds" shall mean the related RCL Purchase Option Price.

Auction Proceeds. With respect to an Auction Date, an amount that equals the proceeds received from (without duplication) (i) the sale of the Collateral Obligations and (ii) the aggregate principal balance of Cash and maturing Eligible Investments in the Accounts.

Auction Proceeds means, as modified in connection with the issuance of any Series, with respect to any Leased Vehicle which is sold at auction or otherwise disposed of by the Administrative Agent on behalf of FCTT, all amounts received by the Administrative Agent in connection with such sale or disposition.

Auction Proceeds means the net US Dollars received by DCMC from the sale of such Eligible Vehicle through a Lender-designated auction together with the fee charged by the auctioneer to DCMC to sell the Eligible Vehicle through such auction.

Auction Proceeds. The portion of the proceeds of the Auction allocable to the Class A Notes.

Auction Proceeds means net Cash and non-cash consideration available to the Debtors as a result of the Auction.