Available Net Proceeds definition

Available Net Proceeds means the result obtained by multiplying the Net Proceeds of Permanent Financing by 0.75.

Available Net Proceeds means any Net Proceeds received by Conseco or any of its Subsidiaries in connection with any Prepayment Event other than Exempt Covenant/Waterfall Amounts and Exempt Waterfall Amounts applied in the manner described in clause (b) of the definition of "Exempt Waterfall Amounts".

Available Net Proceeds means (a) Net Proceeds minus (b) Net Proceeds ----- used to prepay Term Loans and Term Loan Obligations in accordance with the Term Credit Agreement.

Examples of Available Net Proceeds in a sentence

• Any Available Net Proceeds referred to in this paragraph as being available for retention by Conseco (i) must, if received by a Subsidiary, be distributed to Conseco for such purpose if such distribution is not prohibited by law, rule or regulation or the Xxxxxx Agreement and (ii) may be used by Conseco for any purpose permitted by this Appendix.

• Notwithstanding the foregoing, the first $30,000,000 of Available Net Proceeds received by Conseco or any of its Subsidiaries on or after the Effective Date after giving effect to Section 2.01(a) may be retained by Conseco.

• The Available Net Proceeds so allocated to each Specified D&O Facility, at the discretion of Conseco, shall be either (i) deposited in a cash collateral account pursuant to the applicable Cash Collateral Agreement or (ii) applied to repay "Loans" made to the individual borrowers pursuant to the applicable Specified D&O Facility.

• The Borrower shall repay the Loans outstanding under the Facility B Commitment and permanently reduce the Facility A Commitment as set forth in Section 7.4(a) hereof, with the Available Net Proceeds from any Asset Disposition not reinvested in accordance with Section 7.4(a).

• These calculations include, but are not limited to, determinations of the Closing Sale Price and Daily VWAP of the Common Stock, accumulated dividends payable on the Series B Preferred Stock, the Aggregate Net Proceeds, the Available Net Proceeds, the amount of the Make-Whole Payment, and the Conversion Rate of the Series B Preferred Stock.

More Definitions of Available Net Proceeds

Available Net Proceeds means, in relation to any Relevant Event, such part of the Net Proceeds as the Borrower has effectively received.

Available Net Proceeds means, with respect to any Net Proceeds referred to in Section 5.08(d), 50% of such Net Proceeds.

Available Net Proceeds means the excess of Net Proceeds over the amounts utilized to prepay the Note from Net Proceeds as required by Section 10 of the Stock Purchase Agreement. On the day that a Prepayment Event occurs, Purchaser shall pay over to Seller as a prepayment on the Extension Note, the lesser of the Available Net Proceeds related to such Prepayment Event and the principal and interest the outstanding on the Extension Note. Amounts received by Seller shall be applied first against accrued interest and the balance against the remaining principal outstanding. If any such payment shall be sufficient to pay the Extension Note in full, Seller shall on receipt of such payment, xxxx the Extension Note as cancelled and return the same to Purchaser. If such payment is not sufficient to pay the Extension Note in full, Seller shall, on receipt of a new Extension Note, in the form of Exhibit B in a principal amount equal to the outstanding principal after such payment, surrender to Purchaser the Extension Note then held by Seller.

Available Net Proceeds has the meaning given by section 9.1;

Available Net Proceeds means cash of the Company resulting from a sale of any or all of the assets of the Company net of the expenses of such sale, payment of liabilities and, pending resolution thereof, reserves for contingent liabilities arising from such sale.

Available Net Proceeds means the net proceeds of sale from the disposal of all or part of the disposed investment by the Fund and income received by the Fund in respect of any investment made by the Fund

Available Net Proceeds means the result obtained by multiplying the