Event of Loss Proceeds definition

Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

Event of Loss Proceeds means all compensation, damages and other payments (including insurance proceeds), net of any taxes or fees and expenses required to be paid in connection with the applicable Event of Loss, received by any Borrower or a Subsidiary of any Borrower, or the Collateral Agent, from any Person, including any governmental authority, with respect to or in connection with an Event of Loss.

Event of Loss Proceeds means, with respect to any Event of Loss (including any Satellite Event of Loss), all insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

Examples of Event of Loss Proceeds in a sentence

• Pending the final application of any such Net Proceeds (or Event of Loss Proceeds), the Borrower or such Restricted Subsidiary of the Borrower may temporarily reduce Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds (or Event of Loss Proceeds) in Cash Equivalents or Investment Grade Securities.

• Pending the final application of any such Net Proceeds (or Event of Loss Proceeds), the Issuer or such Restricted Subsidiary of the Issuer may temporarily reduce Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds (or Event of Loss Proceeds) in Cash Equivalents or Investment Grade Securities.

• Any Event of Loss Proceeds that are not applied or invested as provided in Section 4.21(b) shall constitute “Excess Loss Proceeds.” When the aggregate amount of Excess Loss Proceeds exceeds $15.0 million, the Co-Issuers shall make an offer (an “Event of Loss Offer”) to all Holders to purchase the maximum principal amount of Notes that may be required to be purchased out of the Excess Loss Proceeds (the “Excess Loss Proceeds Payment Amount”).

• Whenever Event of Loss Proceeds from any Event of Loss are received by the Co-Issuers, such Event of Loss Proceeds shall be retained by the Collateral Trustee as Trust Monies constituting Collateral subject to disposition as provided in this Section 4.21 or as provided under Sections 11.04 and 12.02.

• No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuers will apply all Excess Proceeds, Repayment Funds or Event of Loss Proceeds, respectively (as applicable, the “Offer Amount”), to the purchase of Notes (on a pro rata basis, if applicable) or, if less than the Offer Amount has been tendered, all Notes tendered in response to an Asset Sale Offer, Repayment Offer or Event of Loss Offer.

More Definitions of Event of Loss Proceeds

Event of Loss Proceeds means, with respect to any Event of Loss, all Satellite insurance proceeds received by Holdings or any of the Restricted Subsidiaries in connection with such Event of Loss, after

Event of Loss Proceeds means all compensation, damages and other payments (including insurance proceeds) received by the Company, any Mortgaged Vessel Guarantor or Trustee or the Collateral Trustee, jointly or severally, from any Person, including any governmental authority, with respect to or in connection with an Event of Loss.

Event of Loss Proceeds all compensation, damages and other payments (including insurance proceeds) received by the Company or any Mortgaged Vessel Guarantor, jointly or severally, from any Person, including any Governmental Authority, with respect to or in connection with an Event of Loss.

Event of Loss Proceeds means the aggregate cash proceeds received by or held on behalf of the Parent Guarantor or any of its Restricted Subsidiaries, or the Trustee or the Security Trustee, jointly or severally, from any Person, including any governmental authority, with respect to or in connection with an Event of Loss, including insurance proceeds, condemnation awards or damages awarded by any judgment, net of the direct cost in recovery of such Event of Loss Proceeds (including legal, accounting, appraisal and insurance adjuster fees and any relocation expenses incurred as a result thereof) and any taxes paid or payable as a result thereof.

Event of Loss Proceeds means the proceeds of any hull insurance or Stipulated Loss Value payment made by or on behalf of any insurers, or any Lessee, following the date hereof and prior to the Closing Date or the Deferred Date (as applicable to the relevant Aircraft), as the case may be, in relation to the hull insurances maintained in relation to any Aircraft or pursuant to a Lease relating to any Aircraft, as the case may be, in respect of any Event of Loss in relation to such Aircraft.

Event of Loss Proceeds means all compensation, damages and other payments (including insurance proceeds) received by the Company or a Subsidiary of the Company, the Trustee or an agent thereof, jointly or severally, from any Person, including any governmental authority, with respect to or in connection with an Event of Loss, net of any such proceeds required to be paid pursuant to the terms of the Credit Agreement Documents, Senior Secured Collateral Agreements or the documents governing other Indebtedness permitted to be incurred pursuant to this Indenture on a basis senior to the Notes as to collateral and having repayment requirements in respect of Events of Loss similar to those contained in the Credit Agreement Documents or Senior Secured Collateral Agreements.

Event of Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of an Event of Loss;