Excess Gross Proceeds definition

Excess Gross Proceeds means all Gross Proceeds of an Advance Refunding Issue that exceed an amount equal to 1% of the Sale Proceeds of such Advance Refunding Issue, other than Gross Proceeds allocable to: (a) payment of Debt Service on the Refunded Bonds; (b) payment of Pre-Issuance Accrued Interest on the Advance Refunding Issue and interest on the Advance Refunding Issue that accrues for a period up to the completion date of any capital project financed by the Prior Issue, plus one year; (c) a reasonably required reserve or replacement fund for the
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Excess Gross Proceeds means all Gross Proceeds of an Advance Refunding
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Excess Gross Proceeds means, as of any Applicable Expiration Date and only as to Sites and Equipment Pools for which the Remarketing Option was exercised and for which sales were completed prior to such Applicable Expiration Date, the aggregate of the amounts, if any, by which the Gross Proceeds for each such Site and Equipment Group received by Agent pursuant to Article XXII of the Lease exceeded the related Site Balance or Equipment Group Balance, respectively, for each such Site or Equipment Group to the extent such excess (x) was not previously applied against Prior Shortfalls and (y) was paid by Agent to Lessee pursuant to Article XXII of the Lease.
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Related to Excess Gross Proceeds

  • Gross Proceeds means a share of the gross production of oil, gas, condensate, and natural gas liquids free of any and all cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, marketing, or pipeline construction and maintenance.

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.