External Revenues definition
External Revenues means the Bridge Toll Revenues allocated to the TJPA
External Revenues means all the excess of (i) gross revenues realized by GGP, Inc., the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses, in accordance with GAAP, the Minority Holdings, excluding only revenues realized in the ordinary course of business, but including, without limitation, proceeds of any sales of Properties, financings or refinancings of Properties, whether secured or unsecured, or sales or issuance of any Securities representing equity interests in or obligations of such entity, over (ii) the sum of (A) the reasonable and customary out-of-pocket costs, fees and expenses paid or incurred by GGP, Inc., the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses, in accordance with GAAP, the Minority Holdings, in connection with the transactions or other proceedings from which such revenues were realized; (B) the amount of such proceeds applied to repay Indebtedness secured by or otherwise directly related to the Property sold, financed or refinanced; and (C) the amount of such proceeds used to acquire Property (other than Real Property) in replacement or substitution of Property (other than Real Property) so sold.
External Revenues means all the excess of (i) gross revenues realized by ----------------- Credit Party, the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, the Minority Holdings, excluding only revenues realized in the ordinary course of business, but including, without limitation, proceeds of any sales of Properties, financings or refinancings of Properties, whether secured or unsecured, or sales or issuance of any Securities representing equity interests in or obligations of such entity, over (ii) the sum of (A) the reasonable and customary out-of-pocket cost, fees and expenses paid or incurred by the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, the Minority Holdings in connection with the transactions or other proceedings from which such revenues were realized, (B) the amount of such proceeds applied to repay indebtedness secured by or otherwise directly related to the Property sold, financed or refinanced, and (C) the amount of such proceeds applied to acquire Property, other than Real Property, in replacement of Property, other than Real Property, so sold.
Examples of External Revenues in a sentence
Promptly upon its becoming aware that a Loan Party will receive any External Revenues, the Borrower shall provide notice of such circumstance to the Administrative Agent, which notice shall contain a brief description of the circumstance giving rise to such External Revenues, the amount of External Revenues anticipated, and the date on which such External Revenues are to be so received.
More Definitions of External Revenues
External Revenues means all the excess of (i) gross cash revenues realized by GGP, Inc., the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, the Minority Holdings, excluding only revenues realized in the ordinary course of business, but including, without limitation, proceeds of any sales of Properties, financings or refinancings of Properties, whether secured or unsecured, or sales or issuance of any Securities representing equity interests in or obligations of such entity, over (ii) the sum of (A) the reasonable and customary out-of-pocket cost, fees and expenses paid or incurred by GGP, Inc., the Consolidated Businesses and, to the extent allocable to the Consolidated Businesses in accordance with GAAP, the Minority Holdings in connection with the transactions or other proceedings from which such revenues were realized, (B) the amount of such proceeds applied to repay indebtedness secured by or otherwise directly related to the Property sold, financed or refinanced, and (C) the amount of such proceeds applied to acquire Property, other than Real Property, in replacement of Property, other than Real Property, so sold; provided that "External Revenues" shall not include (i) proceeds from the issuance of equity or debt, or sales of Properties, by JP Realty, Inc. and its Subsidiaries, (ii) proceeds from the issuance of up to $150,000,000 in debt by Victoria Ward, Limited, (iii) net proceeds obtained and applied in connection with the acquisition of JP Realty, Inc., or the sales or refinancings of the following malls: Eden Prairie Mall, Eden Prairie, Minnesota, and Crossroads Mall, St. ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇ (▇▇) ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇e issuance of debt used to acquire either (x) Real Property, or (y) equity interests in entities primarily engaged in the ownership or management of Real Property so long as after the acquisition of such interests such entity becomes a Subsidiary of the Borrower, the Partnership, or GGP, Inc., in each case so long as the Lien, if any, securing such debt is limited to the Real Property or equity interests so acquired.