Net Realisation Proceeds definition

Net Realisation Proceeds means the net proceeds realised from the sale, assignment, novation or other disposal (a “Disposal”) of the rights of the lender of record of the Relevant Portion of the Relevant Proportion of the principal amount of the Loan which is the subject of the Loan Participation Agreement after deduction of all costs, charges, expenses, liabilities (including any taxes, stamp duty, stamp duty reserve taxes and documentary taxes) relating to such Disposal.
View Source
Net Realisation Proceeds means, in relation to Units which are the subject of a realisation request, the Gross Realisation Proceeds in respect of such Units, after deducting any Realisation Charges and any other charges (estimated or otherwise) which in the opinion of the Manager are applicable to such Units.
View Source
Net Realisation Proceeds for the purposes of the term sheet means:
View Source

Examples of Net Realisation Proceeds in a sentence

  • For the avoidance of doubt, the Bank Finance Parties will have no claim or security interest in the Net Realisation Proceeds.

  • Net Realisation Proceeds shall be kept, until applied as contemplated above, in the mandatory offer holding account at NSNCo over which the holders of the New Secured Notes (the “New Secured Noteholders”) shall have a sole first ranking security interest.

  • For the avoidance of doubt, the Bank Finance Parties will have no direct claim or security interest in the Net Realisation Proceeds.

  • Security over such assets purchased with Net Realisation Proceeds will be granted only where permitted under any financing with respect to such assets, it being understood that holdco level security should, where structurally possible, be provided (with satisfactory anti-layering protections for the NSNs) where any finance in respect of such asset limits security over the assets and/or owner of the assets (as applicable).

  • For the avoidance of doubt, if any alternative structure results in an entity or asset not being hived down, any cash income (including ordinary course dividends and disposal proceeds) therefrom received by the Group after the Refinancing Closing Date shall be promptly transferred to NSNCo and shall constitute Net Realisation Proceeds.

  • Amounts held in such accounts shall be released on the earlier of (i) the original maturity of the relevant loan or receivable (as at the date of the Investment Agreement) to which such amount relates and (ii) three months after the Refinancing Closing Date into the mandatory offer holding account at NSNCo and shall constitute Net Realisation Proceeds.


More Definitions of Net Realisation Proceeds

Net Realisation Proceeds means the net proceeds realised from the sale, assignment, novation or other disposal (a “Disposal”) of the rights of the lender of record of the Relevant Portion of the Relevant Proportion of the principal
View Source
Net Realisation Proceeds means the proceeds of realisation of any Securities actually received on the Issuer’s, or following enforcement of security, the Trustee’s behalf, less all Agency Costs.
View Source
Net Realisation Proceeds has the meaning given to it in paragraph (c) of Clause 7.3
View Source