Net Available Amount definition

Net Available Amount means, with respect to any Loss Event, the aggregate amount of Loss Proceeds received by the Company or Collateral Agent in respect of such Loss Event, net of reasonable expenses incurred in connection with the collection thereof.

Net Available Amount means the aggregate amount of Loss Proceeds received by the Borrower in respect of an Event of Loss net of reasonable expenses incurred by the Borrower in connection with the collection of such Loss Proceeds.

Net Available Amount means, with respect to (i) any Asset sale by a Relevant Party or (ii) the issuance or incurrence of any Indebtedness by any Relevant Party, the debt proceeds or other amounts received in connection therewith net of any (A) sale proceeds, debt proceeds or other amounts required to be allocated to a Tax Equity Class A Member or an Inverted Lease Tenant pursuant to a Tax Equity Document and (B) reasonable and documented transaction or collection expenses (as applicable).

Examples of Net Available Amount in a sentence

• If, after Loss Proceeds have been applied to the repair or restoration of the Project as provided in Section 3.7.2, there remain any excess Loss Proceeds, the Net Available Amount of such Loss Proceeds shall be transferred to the Revenue Account.

• The Company shall deposit, and shall use commercially reasonable efforts to cause third parties that would otherwise make payments directly to the Company to deposit, into the Loss Proceeds Account the Net Available Amount of all Loss Proceeds upon receipt thereof.

• If Loss Proceeds are received by the Company, the Company shall hold such payments in trust for Depositary and shall promptly remit the Net Available Amount of such Loss Proceeds to Depositary for deposit into the Loss Proceeds Account, in the form received, with any necessary endorsements.

• Except as otherwise permitted pursuant to Section 8.11(a), the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of the Net Available Amount in excess of $1,000,000 resulting from the Disposition of any of its physical assets (other than sales of inventory in the ordinary course of business and on ordinary terms).

• The Borrower shall prepay the Term Loans in an amount equal to one hundred percent (100%) of the Net Available Amount not allocated to and used for Restoration in accordance with Section 8.05(m).

More Definitions of Net Available Amount

Net Available Amount means, with respect to any proceeds, such proceeds net of the related Collection Expenses.

Net Available Amount means, with respect to any Settlement Date, the excess of (i) the sum of the Requested Amount of the Purchaser’s Funding, the amount of the Subordinated Deposit, the Maximum Amount of the Complementary Deposit and the Discount Reserve over (ii) the Outstanding Amount of Sold Receivables and Refinanced Sold Receivables.

Net Available Amount means (a) in the case of any Disposition, the amount of Net Cash Payments received in connection with such Disposition and (b) in the case of any Event of Loss, the aggregate amount of Loss Proceeds received by the Borrower in respect of an Event of Loss related to the Project net of reasonable expenses incurred by the Borrower in connection with the collection of such Loss Proceeds.

Net Available Amount means, with respect to any Event of Loss (other than a FPSO Loss Event), the aggregate amount of Loss Proceeds received by the Borrower or the Collateral Agent in respect of such Event of Loss, net of reasonable expenses incurred in connection with the collection thereof.

Net Available Amount is defined in Section 1.1 of the Depositary Agreement.

Net Available Amount means, with respect to the issuance or incurrence of any Indebtedness by any Relevant Party, debt proceeds received in connection therewith net of any such debt proceeds required to be distributed to any Tax Equity Member pursuant to a Tax Equity Document solely to the extent such distribution to such Tax Equity Member reduces the cash distributions that would otherwise be payable to such Tax Equity Member in the future had such distribution to such Tax Equity Member of such debt proceeds not been made (whether through application against any priority return payable to such Tax Equity Member or an acceleration of any “flip date” or lease expiration date or otherwise).

Net Available Amount has the meaning assigned to such term in the OpCo Senior Credit Agreement.