Net Proceeds of Sale means the amount which is received by the Nominee upon the sale of all JBL Shares under this clause 5.3 less brokerage and other sale expenses;

Net Proceeds of Sale means with respect to each Item of Equipment sold by Corporate Obligee to a third party pursuant to Section 25.3 of the Equipment Agreement, the net amount of the proceeds of sale of such Item, after deducting from the gross proceeds of such sale (a) all sales taxes and other taxes (excluding income taxes on or measured by Corporate Obligee’s income) as may be applicable to the sale or transfer of such Item, (b) all fees, costs and expenses of such sale incurred by Obligee and (b) any other amounts for which, if not paid, Corporate Obligee would be liable or which, if not paid, would constitute a Lien on such Item.

Net Proceeds of Sale means with respect to each Item of Equipment sold by Lessor pursuant to Section 24(c) or 28.3 of the Lease Agreement or sold by Lessor as referenced in Section 29.2 of the Lease Agreement, the net amount of the proceeds of sale of such Item, after deducting from the gross proceeds of such sale (i) all sales taxes and other taxes as may be applicable to the sale or transfer of such Item, (ii) all fees, costs and expenses of such sale reasonably incurred by Lessor or Lessee in the case of a sale on the Termination Date or by Lessor in the case of a sale after the Termination Date and (iii) any other amounts for which, if not paid, Lessor would be liable as a result of such sale or which, if not paid, would constitute a Lien on such Item.

Examples of Net Proceeds of Sale in a sentence

If any amounts due to EPA under Paragraph 12 (Payment of Response Costs) [and Paragraph 16 (Payment of Net Proceeds of Sale of Property)] [also reference any other payment paragraphs] are not paid by the required date, Settling Party shall be in violation of this Settlement Agreement and shall pay to EPA, as a stipulated penalty, in addition to the Interest required by Paragraph 17 (Interest on Payments), $______ per violation per day that such payment is late.
The balance of the Net Proceeds of Sale will be distributed to the Non-Electing Growers on a proportionate basis.
Net Proceeds of Sale means the proceeds of sale of all the NIB Holdings Shares held by the Trustee on Trust, plus any Accretion referable to those NIB Holdings Shares, less any Tax and Expenses.
The latter situation generally applies when a cleanup is underway at the property and, in order to maximize the recovery, EPA desires that the property be sold after the cleanup is substantially complete.] [Payment of Net Proceeds of Sale of Property Appraisal of Property.
The amount to be distributed to each Overseas Policyholder under clause 4.2, notwithstanding the actual sale price realised for any particular NIB Holdings Share, is an amount equal to:where:NPS xEPAEPA NPS is the aggregate Net Proceeds of Sale with respect to all NIB Holdings Shares held by Overseas Policyholders; and EPA is the Eligible Policyholder Allocation with respect to that Overseas Policyholder.

More Definitions of Net Proceeds of Sale

Net Proceeds of Sale means the net amount received by Lessor after deducting from the gross proceeds of sale of the Equipment or in the event of a subsequent lease by the Lessor, the net present value of rent due under such subsequent lease, all expenses incurred in the termination of this lease and any amounts for which, if not paid, Lessor would be liable or which, if not paid, would constitute a lien on the Equipment.

Net Proceeds of Sale means the gross selling price actually received by Lessor less all (i) selling expenses incurred by Lessor, (ii) amounts which (if not paid) would constitute a lien on the Equipment for which Lessee is responsible under the Lease, and (iii) applicable sales or other transfer taxes paid by Lessor.

Net Proceeds of Sale shall have the meaning given to such term in Section 29(d) hereof.

Net Proceeds of Sale means the proceeds of sale of the relevant New Notes and Shares net of all associated commissions, transfer taxes and other costs, including the expenses and compensation of the Distribution Agent or the Bank, as the case may be, in effecting such sale;

Net Proceeds of Sale means the amount received by the Company on the disposal of such assets after deducting VAT and all costs (including legal and other fees) incurred in relation to such disposal.

Net Proceeds of Sale means net proceeds of sale as defined in Clause 4.5 or Clause 9.19, as the case requires.