Examples of Net Subscription Proceeds in a sentence
Pending the acquisition of Additional Properties during the remainder of the Investment Period, the Net Subscription Proceeds and other funds not fully invested in the Properties from time to time will be held in cash (or cash equivalents) or exempt securities.
Banco Bilbao Vizcaya Argentaria, S.A. as Counterparty in respect of the Securities (the "Counterparty"), hereby gives notice that, pursuant to Condition 4(b)(i), the Counterparty requests the substitution of the following Charged Assets on [Insert date for substitution]1 (the "Substitution Date"): Cash to be substituted [Insert amount of cash to be substituted in respect of any Net Subscription Proceeds in the Cash Deposit Account or Collateral Securities Redemption Proceeds.
Pending the deployment for the uses identified above, the Net Subscription Proceeds and Net Option Proceeds (collectively, the “Net Proceeds”) may be deposited with banks and/or financial institutions or invested in money market instruments and/or securities, or used for any other purpose on a short-term basis, as the Directors may in their absolute discretion deem fit.
See “Fund Structure – Intercorporate Relationships”.5.3 The Properties The Manager intends to invest the Net Subscription Proceeds in the acquisition, ownership, renovation and leasing of Additional Properties.
The table above includes an estimated reserve of approximately 1.5% of Net Subscription Proceeds, less expenses of the Offering.