Net Loan Proceeds definition
Net Loan Proceeds is the Loan Amount less the Prior Financing Balance, if applicable. The Net Loan Proceeds represents the actual amount of funds that you will receive in your Linked Bank Account.
Net Loan Proceeds means the proceeds of a Series of Bonds deposited into the related Project Loan Account under the Loan Agreement.
Net Loan Proceeds will mean (i) the sum of (a) the proceeds of any loan made to the Company and the proceeds from refinancing any such loan, plus (b) any amount released from cash escrow accounts established under any loan to the Company, reduced by (ii) the sum of (w) any amounts required to fund the Company's capital expenditures that are permitted to be withheld from such amounts for such purpose under this Agreement, (x) any and all expenses incurred by the Company in connection with such loan or refinancing, (y) amounts used as permitted under this Agreement to repay other indebtedness of the Company, and (z) amounts thereof retained as reserves under this Agreement for disbursements by the Company reasonably expected by the Managers to occur.
Examples of Net Loan Proceeds in a sentence
The remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Stripe Account.
You agree to receive the Net Loan Proceeds in your Stripe Account.
More Definitions of Net Loan Proceeds
Net Loan Proceeds means the gross cash proceeds received by any Obligor from incurring any debt for borrowed money (other than from Existing Intercompany Debt or Future Intercompany Debt) net of all reasonable and customary underwriting commissions and legal, investment banking, brokerage and accounting and other professional fees, sales commissions and disbursements actually incurred by such Obligor in connection with such incurrence.
Net Loan Proceeds has the meaning ascribed to it in Section 2.1 hereof.
Net Loan Proceeds means, in respect of any raising of funds by way of loan, the principal amount of the loan facility minus the amount confirmed by a director of the relevant company before, on or within five Business Days after, the relevant loan agreement is signed to be the aggregate of:
Net Loan Proceeds shall have the meaning set forth in Paragraph 3(a)(iv).
Net Loan Proceeds means, with respect to any Loan, an amount equal to the Gross Loan Amount (as determined as provided in the applicable Loan Addendum) of such Loan, minus the fees related to such Loan.
Net Loan Proceeds means the Cash distributions the holders of such Secured Claims are
Net Loan Proceeds means the gross proceeds from a Future Loan minus the sum of (i) Loan Expenses, (ii) the dollar amount of such loan proceeds used to repay any loan (including the Senior Indebtedness, the Enabling Loan and any Future Loan) secured by liens with priority greater than that of the liens securing the obligations to the Collateral Agent, and (iii) the portion of the loan proceeds required by the lender to be dedicated for purposes other than repayment of existing debt.