Master Agreement Proceeds definition

Master Agreement Proceeds means any and all sums due and payable to the Borrowers or any of them under any Master Agreement following an Early Termination Date (subject always to all rights of netting and set-off contained in each Master Agreement) and all rights to require and enforce the payment of those sums.

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Master Agreement Proceeds means any and all sums due and payable to the Borrowers or any of them under the Master Agreement following an Early Termination Date (subject always to all rights of netting and set-off contained in the Master Agreement) and all rights to require and enforce the payment of those sums.

Master Agreement Proceeds means the amount of $10,000,000 advanced by the Lessor under the Master Agreement. Periodic Payments shall have the meaning assigned in the Master Agreement. Person shall mean and include any individual, corporation, general or limited partnership, limited liability company or partnership, joint venture, association, trust, unincorporated organization and any government or any agency or political subdivision thereof. Refunded Agreement shall mean that certain Master Lease Agreement dated March 2, 2007 by First Municipal Credit Corporation, as Lessor, and the Lessee, as lessee, as amended or supplemented. Regulations means final, temporary and proposed regulations promulgated pursuant to the Code. Taxable shall mean that for purposes of federal income taxation interest on the Master Agreement is includible in the gross income of any Holder thereof for any reason. Interest on the Master Agreement shall not be deemed "Taxable" because interest is includible in any calculation of income for purposes of an alternative minimum tax, a foreign branch profits tax or any other type of taxation other than the regular tax imposed on gross income. ▇▇▇▇ ▇▇▇▇▇ 4/20/17 3:45 PM 03982020.2 2 Lessor.

Examples of Master Agreement Proceeds in a sentence

The Security Documents (other than the Master Agreement Proceeds Assignment), together with all other documents required by any of them, including, without limitation, (i) all notices of assignment and/or charge and evidence that those notices will be duly acknowledged by the recipients and (ii) all share certificates, certified copy share registers or registers of members, transfer forms, proxy forms, letters of resignation and letters of undertaking.
Agreement No Borrower shall assign, novate or encumber or in any other way transfer any of its rights or obligations under the Master Agreement (other than the Master Agreement Proceeds Assignment), nor enter into any interest rate exchange or hedging agreement with anyone other than the Swap Provider.
No portion of proceeds of the Master Agreement Proceeds will be used to reimburse the Lessee for working capital expenditures or Capital Expenditures.
The Lessee shall cause the Master Agreement Proceeds to be applied to the payment and retirement of the obligations of the Lessee under the Refunded Agreement on May 1, 2017.
No portion of the Master Agreement Proceeds, or funds corresponding to such proceeds, will be used, within one (1) year of the reimbursement, to pay, or to establish a sinking fund or escrow for payment of, debt service on a separate issue of obligations.
Investment earnings on the Master Agreement Proceeds until such proceeds are expended for the purpose or purposes of the issue.
The original proceeds of the Master Agreement Proceeds will not exceed the amount necessary for the purpose or purposes of the issue.
No amount of the Master Agreement Proceeds shall be applied to the payment of issuance expenses.
None of the Master Agreement Proceeds will be used to make or finance any loan to any Person that is not a Governmental Person, in that all of the Master Agreement Proceeds shall be applied as provided in Section 3.3.
In the event that a Swap Provider and the Borrowers enter into a Master Agreement, the Borrowers shall execute and deliver to the Security Agent a Master Agreement Proceeds Charge, together with such supporting documentation at the Agent may reasonably require.

More Definitions of Master Agreement Proceeds

Master Agreement Proceeds means any and all sums due and payable to a Borrower under any Master Agreement to which it is a party following an Early Termination Date thereunder (subject always to all rights of netting and set-off contained in that Master Agreement) and all rights to require and enforce the payment of those sums. 1.70. "Master Agreement Charges" means the deeds of charge referred to in Clauses 10.1.1A and 10.1.3 and "Master Agreement Charge" means any one of them. 1.71. "Maturity Date" means, in respect of each Vessel Loan, 11 May 2029. 1.72. "Mortgages" means the first preferred mortgages or first priority statutory mortgages to be entered into on or around the Advance Date relevant to a Vessel Loan relevant to a Vessel as referred to in Clause 10.1 (including, where the context permits, any addenda thereto (including, without limitation, the Third Mortgage Addenda) registered at the relevant Registration Authority from time to time) (or in the context of a Transferred Vessel, as referred to, provided for and entered into pursuant to Clauses 8.1(e) and 8.2) and "Mortgage" means any one of them. 1.72A "Mortgagees' Insurances" means, in respect of each Vessel, all policies and contracts of mortgagees' interest insurance and mortgagees' additional perils (oil pollution) insurance from time to time taken out by the Security Trustee in relation to that Vessel pursuant to this Agreement. 1.72B "New Vessel Loans" means the Vessel Loans for Vessel Five and Vessel Six and "New Vessel Loan" means any one of them. 1.73. "Ownership Mandatory Prepayment Event" means any of the circumstances