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

• Esteem is extending the commercial-purpose Loan to you in the Loan Amount, and the amount of funds you will receive is equal to the Net Loan Proceeds.

• You agree to receive the Net Loan Proceeds in your Linked Bank Account.

• The remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Linked Bank Account.

• Accordingly, and calculated based upon a 75% LTV, the loan proceeds to be distributed to Borrower on the Closing Date under the Agreement will be as follows: Principal Amount of the Term Loan $ Loan Origination Fee (4.5%) $ Borrower Professional Fees $ Net Loan Proceeds to Borrower $ The Net Loan Proceeds will be transmitted to you on the Closing Date in accordance with the payment instructions provided in the Agreement.

• The remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Account.

More Definitions of Net Loan Proceeds

Net Loan Proceeds means the Cash distributions the holders of such Secured Claims are

Net Loan Proceeds means the aggregate principal amount of the Loan less (a) the OID Amount less (b) the Investment Banking Fee less (c) the fees and expenses required to be paid by Borrowers pursuant to Section 3.1(i) less (d) the Senior Subordinated Note Payoff Amount.

Net Loan Proceeds shall have the meaning set forth in Paragraph 3(a)(iv).

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 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.