Net Distributable Proceeds definition

Net Distributable Proceeds means gross cash or property received by the Company from all sources, increased by reductions in Reserves that reduced Net Distributable Proceeds for prior periods, and reduced by the portion used (i) to pay Company expenses, including principal and interest payments under any of the Company’s debt obligations, (ii) to make investments and capital expenditures, (iii) to fund Reserves and (iv) to fund the Company’s normal working capital requirements.

Net Distributable Proceeds means gross cash or property received by the Partnership from all sources other than Capital Contributions, including reductions in Reserves from prior periods, reduced by the portion used (i) to pay Partnership expenses, (ii) to make capital expenditures, including for the acquisition of any additional or replacement property, and (iii) to fund Reserves.

Net Distributable Proceeds means the net proceeds received by the Borrower in connection with any sale of any of the Real Property owned directly or indirectly by the Target (or the sale of any Subsidiary of the Target that owns any of such Real Property) as of the Effective Date after the payment of costs and expenses incurred by the Borrower, Target or the applicable Subsidiary of the Target in connection with such sale, including broker’s commissions, loan fees, loan payments, other closing costs, any reserve required in connection with such sale, payments required to be made to any third parties including any joint venture partners in connection with such sale, and any other payments required to be made by the Target and of any its Subsidiaries out of such proceeds.

Examples of Net Distributable Proceeds in a sentence

• Net Distributable Proceeds shall be distributed among the Partners, at such times as shall be determined by the General Partner, in accordance with their relative Percentage Interests.

• Net Distributable Proceeds shall be distributed to the Members at such times, but in no event less than at least annually (which annual distributions can be deferred at the option of the Board of Managers until a date no later than 20 business days following finalization of the annual audit of the consolidated financial statements of the Class A Member), and in such amounts as shall be determined by the Managers.

• Net Distributable Proceeds shall be distributed among the Members in proportion to their Ownership Percentage Interests.

• Notwithstanding the preceding sentence, Net Distributable Proceeds shall be distributed to the Class B Member upon the occurrence of the Option Closing as set forth in Section 7.05 of this Agreement.

• Prior to or upon the occurrence of the Option Closing, the Managers shall cause the Company to distribute any and all accrued but unpaid Net Distributable Proceeds due to the Class B Member.

More Definitions of Net Distributable Proceeds

Net Distributable Proceeds means the Distributable Proceeds after the payment or reserve for Administrative Claims, Priority Tax Claims, Priority Non-Tax Claims, Miscellaneous Secured Claims, Small Unsecured Claims and Plan Expenses.

Net Distributable Proceeds means the Distributable Proceeds after the payment or reserve for future payment of Administrative Claims, Priority Tax Claims, Non-Tax Priority Claims, Secured Claims, and Plan Expenses.

Net Distributable Proceeds means the Purchase Price (as adjusted by the Estimated Net Working Capital), less the Escrow Payment, less the Holdback Amount and less any Indebtedness.

Net Distributable Proceeds means the net proceeds received by the Borrower in connection with any sale of any of the Real Property owned directly or indirectly by the Target (or the sale of any Subsidiary of the Target that owns any of such Real Property) as of the Effective Date after the payment of costs and expenses incurred by the Borrower, Target or the applicable Subsidiary of the Target in connection with such sale, including broker’s commissions, loan fees, loan payments, other closing costs, any reserve required in connection with such sale, payments required to be made to any

Net Distributable Proceeds means the proceeds after payment of the Net Proceeds and the payment of Allowed secured claims.

Net Distributable Proceeds means, in respect of any CVR Accrual Period, an amount equal to the sum of (i) all Proceeds received during such CVR Accrual Period minus (ii) the amount of any Parent Priority Proceeds for such CVR Accrual Period minus (iii) the amount of any Litigation Adjustments for such CVR Accrual Period; provided that any Litigation Adjustments in a CVR Accrual Period that would result in a negative Net Distributable Proceeds amount for such CVR Accrual Period shall be excluded for purposes of such CVR Accrual Period and such excess amounts shall instead be treated as, and shall increase the amount of, Litigation Adjustments for the immediately following CVR Accrual Period.

Net Distributable Proceeds means, with respect to any relevant period, net cash proceeds realized by the Company from all its operations (including but not limited to (i) revenues of all kinds and (ii) principal payments received on any loan made by the Company, after allowances for taxes and all reasonable operating expenses, including but not limited to management fees.