Net Project Proceeds definition
Net Project Proceeds means the aggregate amounts received from time to time by Developer and all Transferees from: (a) Gross Revenues; and (b) Funding Sources used to reimburse Developer for previously-incurred Qualified Project Costs (which excludes Funding Sources used to pay directly for Qualified Project Costs).
Net Project Proceeds is defined in the Financing Plan. “New Shipyard Artist Studios” is defined in Section 3.4(a).
Net Project Proceeds means the amount of the proceeds of the Project Portion that is deposited into the Series 2016 Project Account pursuant to Section 502 hereof to be applied as provided in Section 503 hereof.
Examples of Net Project Proceeds in a sentence
Developer and its Transferees are treated as one for purposes of the sharing of Net Project Proceeds under section 1.3 of the Financing Plan.