Divestment Proceeds definition

Divestment Proceeds means, in relation to a Permitted Divestment, the consideration receivable by any Group Company for that Permitted Divestment made by any Group Company after deducting any reasonable expenses which are incurred by any Group Company with respect to that Permitted Divestment to persons who are not members of the Group and any tax incurred and required to be paid by the seller in connection with that Permitted Divestment.

Divestment Proceeds means, in relation to any Relevant Sale:

Divestment Proceeds means, in respect of a Cash Divestment, the sum of:the proceeds from the Cash Divestment, after deduction has been made for the transaction costs reasonably incurred in connection with the Cash Divestment; plusany amount of shareholder loans repaid to the Group by a Material Investment in connection with the Cash Divestment; minusthe Capital Gain in respect the Cash Divestment,which shall be transferred to the Divestment Account and, subject to compliance with the Maintenance Test, be applied in accordance with Clause 4 (Use of proceeds).

Examples of Divestment Proceeds in a sentence

• The Issuer shall notify the Noteholders and the Agent promptly upon the occurrence of a Permitted Divestment, of such Permitted Divestment and of the Divestment Redemption Date and the amount of the Divestment Proceeds in respect of that Permitted Divestment.

• Paragraphs (a) and (b) shall not be applicable to any Permitted Divestment, if on the date of that Permitted Divestment the Divestment Proceeds received from that Permitted Divestment are paid in to a Divestment Proceeds Account to be applied in mandatory redemption (in part or in full) in accordance with Clause 8.8 7 (Mandatory partial redemption due to a Permitted Divestment).

• Upon the occurrence of a completion of a Permitted Divestment, the Issuer shall notify the Noteholders and the Agent of such Permitted Divestment and of the Divestment Redemption Date and the amount of the Divestment Proceeds in respect of that Permitted Divestment in accordance with Clause 10.1.6.

• Assuming that CDLHT divested the Novotel CQ Property and completed the New Hotel Acquisition and W Hotel Acquisition on 1 January 2018 and taking into account Net Divestment Proceeds of S$369.3 million, estimated W Hotel Acquisition Cost (as defined herein) of S$342.2 million and estimated Total New Hotel Acquisition Cost (as defined herein) of S$483.7 million, the Proposed Transactions are expected, on a pro forma basis, to achieve a DPS accretion of 2.7% for FY2018.

• Firstly, the enormous decline in export revenues from plantation agriculture and mining, long the successful mainstay of the country’s exports.

More Definitions of Divestment Proceeds

Divestment Proceeds means the proceeds received, directly or indirectly, at any time by or on behalf of either Party as a result of a Divestment Transaction. Certain confidential information contained in this document, marked by [**], has been omitted because ADC Therapeutics SA (ADCT) has determined that the information (i) is not material and (ii) would likely cause competitive harm to ADC Therapeutics SA (ADCT) if publicly disclosed.

Divestment Proceeds means the Singapore Dollar equivalent of the proceeds from all or part of the divestment of CXP, HNE, TBC and Miaoli Wind less:• transaction costs incurred by MIIF associated with such divestments, which, for the avoidance of doubt, do not include the Success Fee; and• if, after 31 December 2012 and prior to the date of its divestment, the businesses (CXP, HNE, TBC and Miaoli Wind) being divested breaches its distribution policy such that cash that could otherwise have been distributed is instead retained by the businesses or utilised by the businesses to make voluntary unscheduled debt repayments, any cash amounts that would have been received by MIIF, had the businesses adhered to its distribution policy.INVESTMENT PORTFOLIO DISCUSSION Hua Nan Expressway (HNE) Date of initial acquisition 19 Nov 2007Valuation2 S$136.6 millionDistributions received in 2014 S$0.0 millionMIIF ownership 81% interest% of MIIF portfolio2 95.6%Hua Nan Expressway Phase I and II (HNE) is a 31-kilometre dual- carriage urban toll road in the city of Guangzhou, the capital of Guangdong province in China. It is the main artery for north-south traffic in Guangzhou, enabling easy access to South China and is intersected by eight expressways and urban arteries, ensuring excellent connectivity. As an urban toll road in Guangzhou, HNE benefits from being exposed to the long term traffic growth potential of Guangdong province. HNE has an established traffic history since 1999, with the exclusive right to operate and collect tolls1 up to 2026. It is anticipated to benefit from the strong growth in vehicle ownership in Guangzhou and Guangdong province as a result of increasing affluence in region. It is managed by a strong senior management team with extensive industry expertise. Key operational statistics can be found in the tables below. Total volume of vehicles types(‘000)3 months toMar 20143 months toMar 2013VarianceFav/(Adv)Passenger vehicles14,128.512,251.115.3%Minibus / Light Truck441.3455.5(3.1%)Medium Bus / Truck1,808.91,735.34.2%Large Bus / Truck149.4140.76.2%Heavy Duty Truck / Trailer446.4423.25.5%Total Vehicles16,974.515,005.813.1% (RMB'million)3 months toMar 20143 months toMar 2013VarianceFav/(Adv)Revenue130.5 1 Toll rates on HNE are set by the Guangdong provincial government

Divestment Proceeds means the cash proceeds received as part of the purchase price in connection with the divestment of the Orimattila Property and the Lieto Property.

Divestment Proceeds means, in respect of a Partner, the proceeds of any sale, divestment, license or disposal made by that Partner or other members of its Group referred to in clause 6.6 (other than a MDLZ French Group Company), net of any Divestment Tax Liability of, and any reasonable costs and expenses payable by, that Partner or other members of its Group in connection with that sale, divestment, license or disposal;

Divestment Proceeds means the Singapore Dollar equivalent of the proceeds from all or part of the divestment of CXP, HNE, TBC and Miaoli Wind less:

Divestment Proceeds means cash proceeds received as part of the purchase price in connection with any divestment of a Property.

Divestment Proceeds has the meaning given to it in the section headed “(2) Change in Use of Proceeds from the Subscription” “EUR” Euro, the lawful currency of the European Union