Excess Loss Proceeds definition

Excess Loss Proceeds shall have the meaning provided in Section 4.02(d).

Excess Loss Proceeds means, with respect to any Event of Loss or Event of Eminent Domain, monies in an amount equal to the excess, if any, of all of the Loss Proceeds with respect to such Event of Loss or Event of Eminent Domain (as the case may be) over the total cost of the rebuilding, repair, restoration or replacement of the Energy Complex or any part thereof that has been affected by such Event of Loss or Event of Eminent Domain (as the case may be).

Excess Loss Proceeds has the meaning specified in Section 7.02(c).

Examples of Excess Loss Proceeds in a sentence

• Upon completion of any such Event of Loss Offer, the amount of Excess Loss Proceeds shall be reset at zero.

• If any Excess Loss Proceeds remain after consummation of an Event of Loss Offer, the Company may use such Excess Loss Proceeds for any purpose not otherwise prohibited by this Indenture and the Security Documents and such remaining amount shall not be added to any subsequent Excess Loss Proceeds for any purpose under this Indenture; provided that any remaining Excess Loss Proceeds shall remain subject to the Lien of the Security Documents.

• If any Excess Loss Proceeds remain after consummation of an Event of Loss Offer, the Company may use such Excess Loss Proceeds for any purpose not otherwise prohibited by this Indenture and the Collateral Documents.

• To the extent that the aggregate amount of Notes tendered pursuant to any Event of Loss Offer is less than the Excess Loss Proceeds, the Company may, subject to the other provisions of this Indenture and the Collateral Documents, use any remaining Excess Loss Proceeds for general corporate purposes.

• If the aggregate principal amount of Notes tendered pursuant to an Event of Loss Offer exceeds the Excess Loss Proceeds, the Trustee shall select the Notes and such other Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other Indebtedness tendered.

More Definitions of Excess Loss Proceeds

Excess Loss Proceeds has the meaning specified therefor in Section 2.18(d).

Excess Loss Proceeds means any Loss Proceeds transferred from the Proceeds Account to the Project Account in accordance with the terms of the Accounts Agreement.

Excess Loss Proceeds means Total Loss Event Proceeds that are not applied or invested as provided in Section 4.21(a), provided that in the case of a Material Total Loss Event, and no more than one such Material Total Loss Event, such Excess Loss Proceeds may be reduced, at the Issuer’s option, by an amount not exceeding 50% of the charter-adjusted Fair Market Value less the charter-free Fair Market Value (to the extent positive) of the applicable Lost Mortgaged Vessel.

Excess Loss Proceeds means any Net Loss Proceeds that are not reinvested (or committed for reinvestment by the Borrower) within the time periods permitted pursuant to Section 2.11(b) and 5.06.

Excess Loss Proceeds has the meaning assigned to that term in Section 4.27(c).

Excess Loss Proceeds is defined in subsection 2.4B(iii)(b).

Excess Loss Proceeds has the meaning specified in Section 1020 of this Indenture.