Disposal Proceeds definition

Disposal Proceeds means the proceeds of a Non-Distressed Disposal; and

Disposal Proceeds means the Net Proceeds received by any member of the Group (including any amount received in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds.

Disposal Proceeds means the consideration received in cash by any member of the Group (including any amount received in cash from a person who is not a member of the Group in repayment of intercompany debt) for any Disposal made by any member of the Group to a person who is not a member of the Group after deducting:

Examples of Disposal Proceeds in a sentence

• Subject to paragraph (c) below, where any Disposal Proceeds or Debt or Equity Proceeds are received by a member of the Group and no Loan is outstanding at that time but the Available Facility has not been irrevocably cancelled in full, the Borrower shall notify the Agent promptly following receipt of such Disposal Proceeds or Debt or Equity Proceeds and immediately upon such notification the Available Facility shall be cancelled in an amount equal to such Disposal Proceeds or Debt or Equity Proceeds.

• Subject to paragraph (c) below, where any Disposal Proceeds or Debt or Equity Proceeds are received by a member of the Group and one or more Loans are outstanding, the Borrower shall notify the Agent promptly following such receipt and apply (or shall procure the application of) such Disposal Proceeds or Debt or Equity Proceeds in prepayment of Loans outstanding.

• If the amount of the Disposal Proceeds or Debt or Equity Proceeds exceeds the outstanding amount under the Facility and once the Facility is repaid in full in accordance with this paragraph (a), the remaining Disposal Proceeds or Debt or Equity Proceeds shall be applied by the Borrower to cancel the Available Facility in an amount equal to the remaining Disposal Proceeds or Debt or Equity Proceeds (and the Available Commitment of the Lenders will be cancelled rateably).

• Any such prepayment shall be made promptly on (or as soon as reasonably practicable following) receipt of such Disposal Proceeds or Debt or Equity Proceeds by that member of the Group and in any event within 20 Business Days of such receipt.

More Definitions of Disposal Proceeds

Disposal Proceeds means the consideration receivable by any member of the Group (including any amount receivable in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds and after deducting:

Disposal Proceeds means the proceeds of sale of any Non-Programme Vehicle (net of any costs (if any) incurred) in relation to the relevant sale or any Programme Vehicle where such sale is other than under the terms of a Vehicle Dealer Buy-Back Agreement or a Vehicle Manufacturer Buy-Back Agreement.

Disposal Proceeds has the meaning given to that term in Clause 8 (DISPOSALS).

Disposal Proceeds means the consideration receivable by the Borrower or any of its Principal Subsidiaries (including any amount receivable in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds and after deducting:

Disposal Proceeds means the proceeds of a Non-Distressed Disposal;

Disposal Proceeds means, the consideration receivable by a Credit Party for any Disposal made by such Credit Party, after deducting any reasonable expenses which are incurred by the Credit Party with respect to such Disposal.

Disposal Proceeds has the meaning given to that term in Clause ‎17 (Proceeds of Disposals).