Cash Grant Proceeds definition

Cash Grant Proceeds means the cash proceeds of the Cash Grant received by the Company.
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Cash Grant Proceeds means (a) any amounts awarded or otherwise paid by the Treasury to or for the benefit of the Owner Lessors with respect to a Cash Grant Project pursuant to Section 1603 of the ARRA in connection with a Cash Grant Application, (b) any Additional Cash Grant Amounts awarded or otherwise paid by the Treasury or any other Governmental Authority to or for the benefit of the Owner Lessors with respect to a Cash Grant Project, (c) any Additional Cash Grant Amounts paid by any Owner Lessor, Owner Participant or other third party to or for the benefit of a Company Entity or Seller Parent with respect to a Cash Grant Project, (d) any amount paid to or for the benefit of a Company Entity or Seller Parent with respect to a Cash Grant Project that is a refund of any Basis Adjustment Payment made by such Company Entity or Seller Parent, (e) any amount paid by the Owner Participant or Owner Lessor of a Cash Grant Project to a Company Entity or Seller Parent attributable to a breach of a covenant or representation by the Owner Participant or Owner Lessor that causes a recapture or reduction in the Cash Grant that was awarded for such Cash Grant Project and (f) any other amounts payable to or for the benefit of any Company Entity or Seller Parent with respect to a Cash Grant Project by Treasury, any other Governmental Authority, an Owner Lessor, Owner Participant or other third party in connection with a petition, lawsuit or other proceeding for Additional Cash Grant Amounts.
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Cash Grant Proceeds has the meaning provided in the Cash Grant Security Agreement.
Sample 1

Examples of Cash Grant Proceeds in a sentence

  • The Company shall request that the U.S. Department of the Treasury (or other applicable Governmental Authority that actually pays the Cash Grant Proceeds) deliver the Cash Grant Proceeds to the Depositary for deposit into the Prepayment Account.

  • The Company shall properly complete and file the Cash Grant application as soon as reasonably possible after the Placed in Service Date (as defined in the Cash Grant Guidance) and shall take all commercially reasonable actions necessary or useful (including, if applicable, enforcement of the applicable provisions of the EPC Contract against Ormat) to ensure receipt of Cash Grant Proceeds in the full amount requested in such Cash Grant application.

  • All Cash Grant Proceeds shall be deposited directly in the Prepayment Account.

  • The Prepayment Account shall be funded from (a) Cash Grant Proceeds, (b) the Net Available Amount of proceeds of Project Document Claims, (c) certain proceeds received in connection with a Disposition or Event of Loss (as specified in the Financing Documents) and (d) amounts in the Revenue Account in accordance with Section 3.01(c).

  • Upon receipt of any proceeds from the successful outcome of such claim, such proceeds shall be distributed to the Cash Grant Interests Holder in the same manner that Specified Cash Grant Proceeds would have been distributed to the Cash Grant Interests Holder under Section 12.2(b).

  • All Cash Grant Proceeds shall be deposited directly into the Lender Account.

  • Upon the unconditional and irrevocable payment in full, in cash, of all of the Obligations of Borrower hereunder and under each of the Financing Documents (including without limitation payment in full of the Loans), any excess Cash Grant Proceeds shall be released as soon as practicable by Lender to Borrower or the Person legally entitled thereto.

  • The Prepayment Account shall be funded from (a) Cash Grant Proceeds, (b) the Net Available Amount of proceeds of Project Document Claims and (c) certain proceeds received in connection with a Disposition or Event of Loss (as specified in the Financing Documents).


More Definitions of Cash Grant Proceeds

Cash Grant Proceeds has the meaning given in the recitals to this Agreement.
Sample 1
Cash Grant Proceeds means the total amount of any Section 1603 Grant payment received by or on behalf of the Mt. Signal Project Company or its Subsidiaries.
Sample 1

Related to Cash Grant Proceeds

  • Option Proceeds means the cash actually received by the Company for the exercise price in connection with the exercise of Options that are exercised after the Effective Date of the Plan, plus the maximum tax benefit that could be realized by the Company as a result of the exercise of such Options, which tax benefit shall be determined by multiplying (i) the amount that is deductible for Federal income tax purposes as a result of any such option exercise (currently, equal to the amount upon which the Participant’s withholding tax obligation is calculated), times (ii) the maximum Federal corporate income tax rate for the year of exercise. With respect to Options, to the extent that a Participant pays the exercise price and/or withholding taxes with Shares, Option Proceeds shall not be calculated with respect to the amounts so paid in Shares.

  • 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.

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by any Restricted Entity from such Equity Issuance (other than from any other Credit Party) after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred by any Restricted Entity in connection with such Equity Issuance.

  • Net Condemnation Proceeds The Condemnation Proceeds received with respect to any Mortgage Loan or Serviced Companion Loan (including an REO Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect thereto and (ii) amounts required to be applied to the restoration or repair of the related Mortgaged Property; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited to any related Condemnation Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • 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.

  • Subject Proceeds has the meaning assigned to such term in Section 2.11(b)(ii).

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), 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 clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Net Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of (1) the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, sales commissions, relocation expenses incurred as a result of the Asset Sale, and taxes paid or payable as a result of the Asset Sale after taking into account any available tax credits or deductions and any tax sharing arrangements, (2) amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Working Capital Facility, secured by a Lien on the asset or assets that were the subject of such Asset Sale, and (3) any reserve for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

  • Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any Capital Stock or other equity securities of, or the making of any capital contribution to, the Company after the Closing Date.

  • Deferred Net Cash Proceeds shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Net Issuance Proceeds means, in respect of any issuance of equity or incurrence of Indebtedness, cash proceeds (including cash proceeds as and when received in respect of non-cash proceeds received or receivable in connection with such issuance), net of underwriting discounts and reasonable out-of-pocket costs and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of the Borrower.

  • Noncash proceeds means proceeds other than cash proceeds.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • Enforcement Proceeds means the gross proceeds from the realisation of Vehicles in respect of Purchased Receivables and from the enforcement of any other Ancillary Rights.

  • BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.