Enforcement Proceeds definition

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.

Enforcement Proceeds means the aggregate net proceeds of the realisation of the Security Interests by the Trustee or any receiver under Condition 5(c) below

Enforcement Proceeds means any cash, securities or other consideration received from time to time by the Collateral Agent as a result of the taking of any Enforcement Action in accordance with the Security Documents and Applicable Law, including, without limitation (a) any balances then outstanding in the Pledged Accounts or received therein from time to time thereafter, including any Net Cash Proceeds then held in any Pledged Account, (b) the proceeds of any Disposition or other Enforcement Action taken pursuant to Article 6, and (c) proceeds of any Foreclosure Action or judicial or other non-judicial proceeding.

Examples of Enforcement Proceeds in a sentence

• If a Swap is terminated in whole, or is required to be novated by the Issuer, for any reason (a “ Swap Event”), then the Issuer shall give notice thereof (as soon as is reasonably practicable) to the Trustee, the Calculation Agent, each Agent and the Noteholder, and upon the giving of such notice the Note shall become due for redemption on the fifth Business Day after the final Net Proceeds or Enforcement Proceeds are received (which shall be the Early Redemption Date) at the Early Redemption Amount.

• Upon Enforcement Actions in respect of the Transaction Security, the proceeds shall be distributed in accordance with the section "Application of Enforcement Proceeds" set out below.

• While the stated dispute settlement provisions in the AfCFTA ostensibly benefit from the positive aspects of the WTO system upon which it has been modelled, a more robust system could have been developed.

• The Notes will not give rise to any payment obligation in excess of the Enforcement Proceeds and recourse will be limited accordingly.

• As a consequence, the Noteholders will not receive payment arising from such Enforcement Proceeds if and to the extent they are consumed by payments that rank prior in the Acceleration Priority of Payments.

More Definitions of Enforcement Proceeds

Enforcement Proceeds means the proceeds from (i) any enforcement of the Transaction Security and/or the Guarantees and (ii) any other Enforcement Action (as defined in the Intercreditor Agreement), in accordance with the Intercreditor Agreement.

Enforcement Proceeds means any amount paid to or otherwise realised by a Secured Party under or in connection with any Enforcement and, following the occurrence of a Distress Event, any other proceeds of, or arising from, any of the Charged Property.

Enforcement Proceeds has the meaning given to it in Section 2.2(b) of the Security Sharing Agreement;

Enforcement Proceeds means all moneys received or recovered by the Security Agent after the Security has become enforceable in accordance with the terms of the Security Documents from the exercise or enforcement of the Security.

Enforcement Proceeds means any amount paid to or otherwise realised by a Secured Party under or in connection with any Enforcement (or any transaction in lieu thereof) and, following the occurrence of a Distress Event, any other proceeds of, or arising from, any of the Charged Property.

Enforcement Proceeds means all cash and non-cash proceeds received by the Senior Lenders or the Subordinate Lender pursuant to the enforcement of their respective rights to payment of the Senior Obligations or the Subordinate Obligations following the occurrence and during the continuance of an Event of Default under the Credit Agreement, a termination of a Treasury Contract or a default in respect of any of the Subordinate Obligations, including without limitation:

Enforcement Proceeds means any amounts, in addition to the Proceeds of Disposition, obtained after the Indenture Trustee commences any enforcement actions under Section 10.3 or Section 5.3 of the Funding LP Security Agreement to enforce any security, guarantees, indemnities, or other rights, including the Security Interest and the Funding LP Security Interest.