Disposition Net Proceeds definition

Disposition Net Proceeds means, with respect to any Disposition, the proceeds in Cash received by any of the Borrowers upon or simultaneously with such Disposition, net of (i) direct costs of such Disposition, (ii) any taxes paid or payable by the recipient of such proceeds, and (iii) amounts required to be applied to repay any Indebtedness secured by a lien on the asset which is the subject of the Disposition.
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Disposition Net Proceeds means, with respect to any Disposition, the net proceeds received by the Company or any Subsidiary (after deduction for all related taxes and expenses) which are, within 180 days of such Disposition neither (i) reinvested in the same type of property, assets or business as the type that is the subject of such Disposition nor (ii) used to pay (in permanent reduction thereof) Indebtedness of the Company or such Subsidiary.
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Disposition Net Proceeds. With respect to any Existing Loan, the excess of (a) the total cash and non-cash consideration paid to the Purchaser (net of accrued interest) by a purchaser of the Existing Loans over (b) the sum of (i) the aggregate purchase price paid to the Seller pursuant to Article III hereof for the Excess Yield and Servicing Rights with respect to such Existing Loan, plus (ii) the purchase price paid by the Purchaser to the Seller for such Existing Loan under the Original Agreement minus (iii) any payments of principal received by the Purchaser with respect to such Existing Loan from and after the related cut-off date under the Original Agreement.
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Examples of Disposition Net Proceeds in a sentence

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, the Release Price set forth on Schedule 8.5(a) to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan (together with interest accrued on the portion of the Loan prepaid, including Deferred Interest allocable to the portion of the Loan prepaid) and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, an amount equal to the outstanding balance of the Loan to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not reinvested within two hundred ten (210) days of receipt in Telecommunications Assets in which the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 210 day period in an amount equal to all such proceeds not so used.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not used within 180 days of receipt for the purchase of Equipment from Nortel or, to the extent permitted herein, any other Person, in which Equipment the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 180 day period in an amount equal to all such proceeds not so used.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

  • No amendment to or assignment of the benefit of any of the provisions of this Agreement will be effective unless consented to in writing by both parties to this Agreement.

  • The aggregate Net Proceeds of all Dispositions made during the term of the Loan Agreement are described as follows: Disposition Net Proceeds __________________________________________________$____________ __________________________________________________$____________ __________________________________________________$____________ __________________________________________________$____________ Total ____________________________________________$__________ Section 6.12 - Tangible Net Worth.

Related to Disposition Net Proceeds

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

  • 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 the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, and amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

  • 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

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

  • Gross Proceeds means the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Organization and Offering Expenses.

  • Principal Proceeds With respect to any Collection Period or Determination Date, all amounts received by the Issuer during the related Collection Period that do not constitute Interest Proceeds and any other amounts that have been designated as Principal Proceeds pursuant to the terms of this Indenture.

  • 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.

  • 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.

  • Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Issuer in good faith.

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.