Exit Proceeds definition

Exit Proceeds means the net proceeds available for distribution to the Members of Parent II LLC at any time that a distribution is made pursuant to the Parent II LLC Agreement in respect of Operating Units or Value Units, as the case may be, following the return of all unreturned “Capital Contributions” (as defined in the Parent II LLC Agreement).

Exit Proceeds means, in respect of an Investee Company, the proceeds arising from an Exit Event and attributable to an Investor;

Exit Proceeds means the net proceeds realized by the Company from (i) an Exit Event, (ii) sale of WMG Fractional Shares underlying a Unit pursuant to a Tag-Along Right under Section 10.7(a), (iii) sale of WMG Fractional Shares underlying a Unit in or following an Initial Public Offering of WMG Common Stock or (iv) cash or other dividends or distributions paid on WMG Common Stock other than Dividend Proceeds, in each case, that are available for distribution (in cash or in kind) by the Company, as determined by the Managing Member.

Examples of Exit Proceeds in a sentence

• On June 14, 2021 the company announced its dividend policy, by which Net Exit Proceeds received during any financial year will first be applied, if necessary, to bring the Company’s year-end cash balance to US$15 million.

• The next step was to take the Exit Proceeds and use it to pay the amounts to various parties in the order of priority stated at paragraph 1(a)(i) to (viii) of Schedule 1.

• Part of the amount determined by the Appraiser forming the Exit Proceeds, the Additional Interest, would be paid to the 1st defendant.

• In particular, the plaintiffs submit that the appointment of HL China failed to comply with the conditions in para 3(a) of Schedule 1 of the Loan Agreement for the appointment of an Appraiser, which provides that the valuation of the Exit Proceeds had to be determined by an “Appraiser”, which is defined as “a reputable appraisal firm with operations in Japan appointed by [the 1st defendant] in consultation with the Borrower Agent”.

• As illustrated in Figures 1 and 2, the evaluation found that adaptation-related projects reflected the guidance to the SCCF in terms of being consistent with overall programming themes, but very few responded to other, more specific guidance.

More Definitions of Exit Proceeds

Exit Proceeds means, in the case of an Exit, the surplus assets and retained profits of the Company and available for distribution amongst the shareholders;

Exit Proceeds means the distributable proceeds derived from:

Exit Proceeds means, collectively, the proceeds available from the Exit Financing Facility and the New Capital.

Exit Proceeds means the sum of the proceeds of the term loan portion of the Exit Financing Facility and the principal amount of the New LINC Notes, after reducing such sum by the Excess Cash Reduction. In no event shall the Exit Proceeds be less than $875,000,000.00.

Exit Proceeds means the net proceeds receivable by the Group in an Exit after deducting (i) the amount required to discharge the Senior Liabilities and Super Senior Liabilities (each as defined in the Intercreditor Agreement), (ii) Exit Costs and (iii) any outstanding Tax Credit.

Exit Proceeds means the net proceeds realized by the Company from ( i) an Exit Event, (ii) sale of WMG Fractional Shares underlying a Unit pursuant to a Tag-Along Right under Section 10.7(a), (iii) sale of WMG Fractional Shares underlying a Unit in or following an Initial Public Offering of WMG Common Stock or (iv) cash or other dividends or distributions paid on WMG Common Stock other than Dividend Proceeds, in each case, that are available for distribution (in cash or in kind) by the Company, as determined by the Managing Member.

Exit Proceeds means all amounts received by the Securityholders or the Group on the occurrence of a Liquidity Event, together with any consideration (whether in cash, securities or otherwise) received by the Securityholders or the Group which, having regard to the substance of the transaction as a whole, can reasonably be regarded as additional consideration in the context of the Liquidity Event (including, for the avoidance of doubt, any conditional and/or deferred consideration (once received)) it further being agreed that, in the event that a Liquidity Event is a Public Offering, the Exit Proceeds shall be deemed received on the basis that all Securities of the Company or NewCo (as appropriate) shall be deemed sold at the end of the Lock-up Period for a price per Security equal to the volume weighted average closing price on the relevant exchange during the 60 preceding trading days (as such price shall be adjusted downward as reasonably calculated by the Board for any dividends paid on the Company or NewCo Securities during such 60 day period (it being understood that such adjustment shall be applied to each trading day in such period that precedes the applicable ex- dividend date)).