Gross Sale Proceeds means all consideration in any form directly or indirectly received by or for the account of the Tenant in connection with a Sale, including: (a) Cash Consideration;
Gross Sale Proceeds means the aggregate sale proceeds received by the Manager and/or its members in connection with a Sale Event.
Gross Sale Proceeds means the net present value (calculated using a discount factor equal to the Specified Discount Factor per annum) of the gross proceeds received by the Purchaser and other equity holders of any Group Company from a Sale, including: (i) the value of any securities received by such persons in the Sale that are traded on a securities exchange or through the Nasdaq National Market, which shall be valued at the average of the closing prices of the securities on such exchange or quotation system over the 10-day period ending three days prior to the consummation of the Sale; (ii) the value of any non-cash proceeds, other than publicly-traded securities referred to in clause “(i)” above, which shall be valued at the fair market value of such proceeds as determined by an independent appraiser chosen by the Earn Out Representative with the consent of the Purchaser (such consent not to be unreasonably withheld or delayed); and (iii) any debt or capital lease obligations assumed or discharged by the buyer in the Sale or to which such Group Company is subject as of the date of completion of the Sale, which shall be included in Gross Sale Proceeds at its principal amount or accreted value, as the case may be, plus accrued and unpaid interest. (pp) “Group” shall mean, collectively, the Company and the Subsidiaries (as defined in the Purchase Agreement). (qq) “Group Company” shall mean a member of the Group.
Examples of Gross Sale Proceeds in a sentence
Landlord agrees that Gross Sale Proceeds shall be applied to the uses described and in the order listed in (a), (b), (c) and (d) of the definition of Sale Proceeds.
In the event a Property is sold during the term of this Agreement, Hilco shall earn a fee equal to three percent (3.0%) of the Gross Sale Proceeds.
In the case of a sale of IWO, the Transaction Fee shall 50 basis points on the first $150,000,000 of Gross Sale Proceeds (with no deductions for fees, commissions, premiums or closing costs), 75 basis points on the next $80,000,000 of Gross Sale Proceeds, and 100 basis points on any Gross Sale Proceeds above $230,000,000.
If Tenant operates at multiple locations, then Port's Sale Participation will be calculated using only the Gross Sale Proceeds, Net Sale Proceeds, and Costs of Sale reasonably attributable to the Premises.
If an outside, third party broker (an “Outside Broker”) procures a buyer for any Property, the fee will be increased by one percent (1%) to four percent (4.0%) of Gross Sale Proceeds, and Hilco will be responsible for compensating the Outside Broker out of the total fee.
More Definitions of Gross Sale Proceeds
Gross Sale Proceeds in respect of the disposition of Minerals shall mean and be determined as follows:
(a) for gold, silver, platinum and palladium, the Deemed Gross Sale Proceeds in respect of such Minerals at the time of the Sale of such Minerals; and
(b) for all Minerals other than gold, silver, platinum and palladium, the actual proceeds of sale to an independent refinery, smelter or other unaffiliated third-party purchaser of such Minerals during a calendar quarter.
Gross Sale Proceeds means as to the sale of any Unit and/or the grant by Mortgage Borrower of a parking license, the gross proceeds from the sale of such Unit and/or grant of such parking license, as applicable (after taking into account adjustments for any fees, expenses or transfer taxes of Mortgage Borrower paid by the purchaser of such Unit and/or licensee under such parking license and any mortgage recording tax reimbursement paid by such purchaser, and including any customary closing prorations paid by such purchaser such as real estate taxes in respect of accrual periods from and after the closing).
Gross Sale Proceeds means the $11,200,000 in gross Cash sale proceeds resulting from the DMZ Sale Transaction and the $6,800,000 in gross Cash sale proceeds resulting from the Enterprise/Champion Sale Transaction, less the Holdback Amounts (each as defined in the SFR Order).
Gross Sale Proceeds means the Sale Proceeds, less the aggregate amount of all fees and expenses (including taxes), incurred by the Company or the Investor or for or on behalf of the Company or the Investor, in connection with the negotiation, preparation, execution, and consummation of any Sale and distribution of related proceeds, plus any distributions or dividends (other than tax distributions) paid by the Company prior to the Sale, less the aggregate value, as of the date of the Sale, of all Investor Investments.
Gross Sale Proceeds means the gross proceeds received from the sale of the Tailings (including Valuable Metals) that are processed or sold during the term of this Agreement, before any deductions as defined below: For greater certainty and without limitation, Gross Sale Proceeds shall not include deductions for any of the following items: (i) charges or costs for transportation of the Tailings to places where the Tailings are to be extracted, refined or sold; or (ii) charges or costs associated with extracting or refining Valuable Elements from the Tailings (including capital costs for the Processing Facility or otherwise).
Gross Sale Proceeds means, with respect to a New APS, (a) the gross sale price (inclusive of net HST payable in respect of such New APS) set out in such New APS less (b) in the case of an Opt-In Leslieville Purchaser, the amount of credit for its Existing Purchaser Deposit set out in such New APS.
Gross Sale Proceeds means the cumulative proceeds received by Landlord from ------------------- time to time from (i) the exchange, condemnation, eminent domain taking, casualty, sale, or other disposition of all or a portion of the Hotel, or (ii) the liquidation of Landlord's property interest in the Hotel in connection with a dissolution of Landlord.