Capital Receipts means Sale Proceeds and/or Refinancing Proceeds.
Capital Receipts means the gross cash proceeds received by the Company from the sale, exchange or any other disposition of any Capital Asset of the Company, or of all or substantially all of the assets of the Company (including without limitation in any Liquidation of the Company) or of any partnership or limited liability company in which the Company holds a direct or indirect interest, or from the incurrence of any Indebtedness (but excluding capital contributions received by the Company), reduced by the sum of (i) all expenditures made by the Company or by any partnership or limited liability company in which the Company holds a direct or indirect interest, in connection with such sale, exchange or other disposition, (ii) debt service payments made from such gross cash proceeds, and (iii) amounts set aside as reserves therefrom by the Directors.
Capital Receipts the lease premium actually paid or payable by a person to whom a Disposal of a Private Residential Unit and/or any car parking (excluding Private Rental Units) is made “CDM Co-ordinator” such reputable and suitably qualified person appointed by the Developer or the Developer’s Principal Agent as the CDM Co-ordinator for the Development Works for the Relevant Plot in accordance with regulation 14(1) of the CDM Regulations “CDM Regulations” the Construction (Design and Management) Regulations 2007 “Certificate of Making Good Defects” the certificate to be issued in accordance with a Building Contract certifying that all defects identified during the defects liability period under the relevant Building Contract (being not less than 12 months from the relevant Date of Practical Completion) have been remedied “Certificate of Practical Completion” the certificate or statement to be issued in accordance with a Building Contract certifying that Practical Completion has taken place “Change Of Control” (a) any sale, transfer or disposal of any legal, beneficial or equitable interest in any or all of the shares in the Developer or any shareholder in the Developer (including the control over exercise of voting rights conferred on those shares, control over the right to appoint or remove directors or the rights to dividends); and/or
Examples of Capital Receipts in a sentence
The gains and losses are therefore reversed out of the General Fund Balance in the Movement in Reserves Statement and posted to the Capital Adjustment Account and (for any sale proceeds greater than £10,000) the Capital Receipts Reserve.
Where a premium has been received, this is posted out of the General Fund Balance to the Capital Receipts Reserve in the Movement in Reserves Statement.
At this point, the deferred capital receipts are transferred to the Capital Receipts Reserve.
Where the amount due in relation to the lease asset is to be settled by the payment of rentals in future financial years, this is posted out of the General Fund Balance to the Deferred Capital Receipts Reserve in the Movement in Reserves Statement.
When the deferred cash settlement eventually takes place, amounts are transferred to the Capital Receipts Reserve.
More Definitions of Capital Receipts
Capital Receipts including all Gross Receipts other than Operating Receipts, including but not limited to the proceeds of capital events with respect to MTP-South Tower or the Project, such as financing proceeds, sale proceeds, and insurance proceeds.
Capital Receipts means (i) the sum of (a) the proceeds received by the Partnership from the sale, exchange or any other disposition of all or any portion of any Investment (including any Partnership Interest), plus (b) all amounts received by the Partnership from any Investment Entity on account of the sale, exchange or other disposition of all or any portion of any Property, Investment or other asset owned by such Investment Entity reduced by (ii) the sum of (a) all expenditures made by the Partnership in connection with such sale, exchange or other disposition that are required in connection with such sale, exchange or other disposition or that are reasonably Approved by the Partners, plus (b) loan repayments made from such proceeds as are required pursuant to loan documentation or otherwise Approved by the Partners, plus (c) amounts set aside as reserves therefrom that have been reasonably Approved by the Partners.
Capital Receipts means cash receipts of the Partnership or any of its Subsidiaries from the sale, exchange or other disposition of any assets of the Partnership or any Subsidiary thereof, including the issuance of any equity interest by the Partnership or any Subsidiary thereof, or from the incurrence of any Indebtedness by the Partnership or any Subsidiary thereof.
Capital Receipts means the gross cash proceeds received by the Company from the sale, exchange or any other disposition of all or substantially all of the assets of the Company (including without limitation any Liquidation of the Company) or from the disposition of any portion of the Capital Trust Shares reduced by the sum of (i) all expenditures made by the Company in connection with such sale, exchange or other disposition, (ii) loan repayments made from such proceeds (iii) amounts set aside as reserves therefrom by the Managing Members.
Capital Receipts means all payments distributions to (or to be made to), sums realised from investments or other amounts received or to be received by the Fund representing the repayment or return of all or part of the principal or capital element of any Relevant Investment.
Capital Receipts means receipts realised from the sale or disposal of assets, equipment or any Capital Grants for specified purposes.
Capital Receipts means (i) the sum of (a) the proceeds received by the Partnership from the sale, exchange or any other disposition of all or any portion of the Properties or any other asset of the Partnership reduced by (ii) all expenditures made by the Partnership that are required in connection with such sale, exchange or other disposition plus (b) amounts set aside as reserves therefrom for Shortfall Disbursements. For purposes of this Agreement, Capital Receipts, shall, to the extent necessary, be determined at the REO Partnership level on a look through basis.