Net Disposal Proceeds definition

Net Disposal Proceeds means, in relation to any Disposal of any Asset, any cash proceeds thereof from time to time that are to be received by or for the account of any member of the Group (i) net of any tax liability arising from such Disposal, and (ii) reasonable commissions, fees and expenses payable by any member of the Group in connection with such Disposal (without limitation, including pursuant to earn out provisions and taking into account the amount of any proceeds received in respect of repayment or disposal of any intra group loan) but excluding:

Net Disposal Proceeds means the proceeds received in cash from any sale or disposal less any costs relating to the sale or disposal, any fees and any tax relating to the sale or disposal.

Net Disposal Proceeds means, in respect of a disposal, the gross proceeds of that disposal minus:

Examples of Net Disposal Proceeds in a sentence

• The partial redemption must be made with funds in an aggregate amount not exceeding the Net Disposal Proceeds.

• The Net Disposal Proceeds realised upon the disposal, prior to the delivery of a Loan Acceleration Notice, by any Receiver appointed by the Borrower Security Trustee of any of the Borrower Fixed Security assets (including those resulting from a Designated Airport Disposal) shall promptly following the completion of such disposal be credited to the Disposal Proceeds Account.

• The Bridging Loan contains a leverage financial covenant and a fixed charge cover ratio financial covenant.The Bridging Loan is governed by English law.As shown in the use of Net Disposal Proceeds table in paragraph 6 of Part I (Letter from the Chairman) above, upon Completion, the Bridging Loan will be repaid in full and terminated.

• Private registered providers of social housing (PRPs) are required by Section 177 (1) of the Housing and Regeneration Act 2008 (the 2008 Act) to show the net proceeds of certain types of disposal, payments of grant and repayments of discount (together referred to in this document as Net Disposal Proceeds) separately in their accounts as a Disposal Proceeds Fund (DPF).

• The proceeds of sale, payments of grant and repayments of discount which shall comprise the Net Disposal Proceeds of a PRP for the purposes of section 177(1) of the 2008 Act (amounts to be shown separately as a "disposal proceeds fund" in the accounts of a PRP) are all those Net Disposal Proceeds referred to in section 177(2)(a) to (j) of the 2008 Act.

More Definitions of Net Disposal Proceeds

Net Disposal Proceeds means the gross total proceeds received by members of the Company Group in cash from all disposals, leases or transfers of fixed assets (including, for the avoidance of doubt, Swedish gas and oil assets) or shares of the Company Group (other than Permitted Disposals) less:

Net Disposal Proceeds means the consideration receivable by any Borrower (including any amount receivable in repayment of intercompany debt) for any Disposal made by any Obligor except for Excluded Disposal Proceeds and after deducting:

Net Disposal Proceeds means the consideration received by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee from the disposal of any Borrower Fixed Security assets made by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee, as the case maybe, and after deducting:

Net Disposal Proceeds means the proceeds received in cash from any disposal less any costs relating to the disposal, any fees and any tax relating to the disposal.

Net Disposal Proceeds means any amount received by a member of the Group as consideration for a Permitted Disposal of an asset to a person which is not a member of the Group, including the amount of any intercompany loan repaid or prepaid to continuing members of the Group, less:

Net Disposal Proceeds means the cash consideration receivable by any Group Company (including any amount receivable in repayment of intragroup loans) for any disposal of a Group Company and/or Wind Turbine made by any Group Company to a Person which is not a Group Company:after deducting any reasonable expenses which are incurred by any member of the Group with respect to that disposal; andafter deducting any tax incurred and required to be paid by the seller in connection with that disposal (as reasonably determined by the Issuer, on the basis of existing rates and taking account of any available credit, deduction or allowance).

Net Disposal Proceeds means the gross total proceeds (including any amounts received in repayment of intercompany debt) received by Group members in cash from all disposals of any revenues or fixed assets of the Group (other than Excluded Proceeds) less: