Expropriation Proceeds definition

Expropriation Proceeds means any proceeds received by the Borrower as a result of the occurrence of an Expropriation Event.

Expropriation Proceeds means all value (whether in the form of money, securities, property or otherwise) paid by any Governmental Authority or other person to any member of NEXT Group as compensation for or in respect of an Expropriation. External Local Partner shall have the meaning given to it in the definition of Local Partner Entity.

Expropriation Proceeds means, with respect any Expropriation Event, any condemnation awards or other compensation, awards, damages and other payments or relief paid or payable by a Governmental Authority with respect to such Expropriation Event.

Examples of Expropriation Proceeds in a sentence

• The Board is hereby granted the power and authority, on behalf of the Owners, to sue for or settle upon the amount of insurance Proceeds and Expropriation Proceeds.

• Proceeds include all rents, insurance and Expropriation Proceeds, sales Proceeds, and cash and non-cash Proceeds.

• The COFACE Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Loan under Clause 7.3 (Voluntary prepayment) or Clause 8.2 (Insurance, Capital Raising and Expropriation Proceeds).

• Upon such a determination, such Luannan Casualty Proceeds or Luannan Expropriation Proceeds and repayments of the Issuer Loan and the Shareholder Loans resulting from such Luannan Event of Loss or Luannan Expropriation Event must be used to redeem, in whole, but not in part, the outstanding Senior Secured Notes.

• If the Shareholder exercises that option in accordance with Clause 10.7 (Exercise of Termination Option), then: in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property shall be valued at "Government Default Purchase Price – Expropriation", which equals to – the Government Default Purchase Price - Non-Expropriation; minus Other Expropriation Proceeds.

More Definitions of Expropriation Proceeds

Expropriation Proceeds has the meaning set forth in paragraph (a) of Clause Eighteenth hereof.

Expropriation Proceeds has the meaning set forth in Section 9.05(2)(a).

Expropriation Proceeds means all insurance proceeds or other amounts (including instruments) actually received on account of an Expropriation Event (after deducting all reasonable expenses incurred in litigating, arbitrating, compromising, settling or consenting to the settlement of any claims against the appropriate Governmental Authority).

Expropriation Proceeds means all amounts and proceeds actually received in connection with any Expropriation Event.

Expropriation Proceeds has the meaning set forth in Section 9.05(2)(a). “Fair Market Value”, as at any date, means:

Expropriation Proceeds means, with respect to any Person, all condemnation awards or other compensation, awards, damages and other payments or relief with respect to: (a) any Expropriation Event, (b) any assumption by a Governmental Authority of control of all or any portion of the Property or business operations of such Person, (c) any action by a Governmental Authority for the dissolution or disestablishment of such Person or (d) any action by a Governmental Authority that would prevent such Person from carrying on its business or operations or a substantial part thereof.

Expropriation Proceeds means all cash Expropriation Compensation received by the Issuer of any Guarantor, net of: (1) reasonable out-of-pocket expenses and fees relating to the applicable Expropriation (including without limitation legal, accounting and appraisal or insurance adjuster fees); (2) taxes paid or payable in relation to the applicable Expropriation, (3) any repayment of Indebtedness that is secured by a Permitted Lien on the property or assets that are the subject of such Expropriation and which Permitted Lien has priority over the Lien securing the Senior Secured Obligations; (4) any application of Expropriation Compensation required or permitted under the Additional Permitted Project Financing Agreements (provided that any voluntary prepayment under such Additional Permitted Project Financing Agreements shall be in accordance with Section 3.10) and (5) appropriate amounts to be provided by the Issuer or any Subsidiary thereof, as the case may be, as a reserve, in accordance with IFRS, against any liabilities associated with such Expropriation and retained by the Issuer or any Guarantor thereof, as the case may be, after such Expropriation, including, without limitation, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Expropriation.