Partial Loss Proceeds definition

Partial Loss Proceeds means, with respect to any ACS Group Aircraft, the total proceeds of the insurance or reinsurance (other than in respect of liability insurance) paid in respect of any Partial Loss to any ACS Group Member.
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Partial Loss Proceeds means, with respect to any Aircraft, the total proceeds of the insurance or reinsurance (other than in respect of liability insurance) paid in respect of any Partial Loss to any Issuer Group Member.
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Partial Loss Proceeds means any payments received (x) at any time by Lessor (or, while the Lien of the Indenture is in effect, Indenture Trustee) or Lessee (including any such payments received by Lessee, Indenture Trustee or Owner Participant, and paid over to Lessor (or, while the Lien of the Indenture is in effect, Indenture Trustee) or applied as set forth below) from any insurer under insurance carried by Lessee or from any Governmental Body with respect to any Partial Loss or requisition or (y) by Seller or Lessee from the satellite manufacturer in respect of the Satellite pursuant to the indemnification or warranty obligations of the manufacturer under the Boeing Purchase Agreement (and Seller shall use its commercially reasonable efforts to determine if it is entitled to any such payments under such indemnification or warranty obligations, and in such event use its commercially reasonable efforts to enforce its rights to such payments). Subject to the right of Lessee to effect a Substitution in accordance with Section 8(a) (in which event all Partial Loss Proceeds relating to the Buyer’s Transponders replaced in such Substitution shall, after such Substitution is consummated, be paid promptly to and/or retained by Lessee), on the Casualty Payment Date first occurring after the date of receipt of Partial Loss Proceeds, Lessee shall pay to Lessor or, so long as the Indenture shall remain in effect, the Indenture Trustee, an amount equal to the Applicable Portion of the Stipulated Loss Value for Buyer’s Transponders determined as of such Casualty Payment Date (net of any Partial Loss Proceeds already paid to or received by Lessor or Indenture Trustee). The “Applicable Portion” shall be (A) if the Partial Loss Proceeds shall constitute proceeds from satellite in-orbit insurance maintained by Lessee pursuant to this Lease, the fraction determined by dividing the amount of such Partial Loss Proceeds by the amount of such insurance maintained by Lessee; and (B) in all other cases shall be the fraction that the loss in the Fair Market Sales Value of Buyer’s Transponders attributable to the Partial Loss or requisition bears to the Fair Market Sales Value of Buyer’s Transponders immediately prior to the Partial Loss or requisition (together with the loss in the Fair Market Sales Value of Buyer’s Transponders attributable to all other Partial Losses and requisitions), as determined by an Appraisal Procedure (provided that if Lessee reasonably estimates the loss in the Fair Market ...
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Examples of Partial Loss Proceeds in a sentence

  • All Collections (including all Rental Payments and Usage Fees transferred from the Lessor Accounts, Partial Loss Proceeds and any amounts transferred from the Security Deposit Account) shall be, when received, deposited in the Collections Account, and all cash, Investments and other property in the Collections Account shall be transferred from or retained in the Collections Account in accordance with the terms of this Indenture.

  • Any funds received constituting Partial Loss Proceeds shall be promptly transferred by the Security Agent to the applicable Partial Loss Proceeds Account for application as provided in clause (c) below.

  • All Collections (including all Rental Payments and Usage Fees transferred from the Rental Accounts, Net Sale Proceeds, Partial Loss Proceeds and any amounts transferred from the Security Deposit Account) shall be, when received, deposited in the Collections Account, and all cash, Investments and other property in the Collections Account shall be transferred from or retained in the Collections Account in accordance with the terms of this Indenture.


More Definitions of Partial Loss Proceeds

Partial Loss Proceeds shall have the meaning set forth in Section12(c)(ii) of the Lease.
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Partial Loss Proceeds means any payments received (x) at any time by Lessor (or, while the Lien of the Indenture is in effect, Indenture Trustee) or Lessee (including any such payments received by Lessee, Indenture Trustee or Owner Participant, and paid over to Lessor (or, while the Lien of the Indenture is in effect, Indenture Trustee) or applied as set forth below) from any insurer under insurance carried by Lessee or from any Governmental Body with respect to any Partial Loss or requisition or (y) by Seller or Lessee from the satellite manufacturer in respect of the Satellite pursuant to the indemnification or warranty obligations of the manufacturer under the Boeing Purchase Agreement (and Seller shall use its commercially reasonable efforts to determine if it is entitled to any such payments under such indemnification or warranty obligations, and in such event use its commercially reasonable efforts to enforce its rights to such payments). Subject to the right of Lessee to effect a Substitution in accordance with Section 8(a) (in which event all Partial Loss Proceeds relating to the Buyer’s Transponders replaced in such Substitution shall, after such Substitution is consummated, be paid promptly to and/or retained by Lessee), on the Casualty Payment Date first occurring after the date of receipt of Partial Loss Proceeds, Lessee shall pay to Lessor or, so long as the Indenture shall remain in effect, the Indenture Trustee, an amount equal to the Applicable Portion of the Stipulated Loss Value for Buyer’s Transponders determined as of such Casualty Payment Date (net of any Partial Loss Proceeds already paid to or received by Lessor or Indenture Trustee). The “Applicable Portion” shall be (A) if the Partial Loss Proceeds shall constitute proceeds from satellite in-orbit insurance maintained by Lessee pursuant to this Lease, the fraction determined by dividing the amount of such Partial Loss Proceeds by the amount of such insurance maintained by Lessee; and (B) in all other cases shall be the fraction that the loss in the Fair Market Sales Value of Buyer’s Transponders attributable to the Partial Loss or requisition bears to the Fair Market Sales Value of Buyer’s Transponders immediately prior to the Partial Loss or requisition (together with the loss in the Fair Market Sales Value of Buyer’s Transponders attributable to all other Partial Losses and requisitions), as determined by an Appraisal Procedure (provided that if Lessee reasonably estimates the loss in the Fair Market ...
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Partial Loss Proceeds shall have the meaning set forth in Section12(c)(ii) of the Lease.
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Related to Partial Loss Proceeds

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Gross Proceeds means the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Organization and Offering Expenses.

  • Excess Proceeds With respect to any Liquidated Mortgage Loan, the amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage Loan received in the calendar month in which such Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of such Liquidated Mortgage Loan as of the Due Date in the month in which such Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Interest Rate from the Due Date as to which interest was last paid or for which a Periodic Advance was made (and not reimbursed) up to the Due Date applicable to the Distribution Date immediately following the calendar month during which such liquidation occurred.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Principal Loss Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.

  • Allocable Excess Proceeds will mean the product of:

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

  • Third Party Proceeds shall have the meaning set forth in Section 8.9(a).

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Declined Proceeds has the meaning assigned to such term in Section 2.11(b)(v).

  • Net Insurance/Condemnation Proceeds means an amount equal to: (a) any Cash payment or proceeds (including Cash Equivalents) received by the Borrower or any of its Restricted Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Borrower or any of its Restricted Subsidiaries or (ii) as a result of the taking of any assets of the Borrower or any of its Restricted Subsidiaries by any Person pursuant to the power of eminent domain, condemnation, expropriation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) (i) any actual out-of-pocket costs incurred by the Borrower or any of its Restricted Subsidiaries in connection with the adjustment, settlement or collection of any claims of the Borrower or the relevant Restricted Subsidiary in respect thereof, (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the Loans, Indebtedness outstanding with respect to the Second Lien Term Loans and any Indebtedness secured by a Lien on the Collateral that is pari passu with or expressly subordinated to the Lien on the Collateral securing any Secured Obligation) that is secured by a Lien on the assets in question and that is required to be repaid or otherwise comes due under the terms thereof as a result of such loss, taking or sale, (iii) in the case of a taking, the reasonable out-of-pocket costs of putting any affected property in a safe and secure position, (iv) any selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Borrower’s good faith estimate of income or other Taxes paid or payable (including pursuant to Tax sharing arrangements or any Tax distribution)) in connection with any sale or taking of such assets as described in clause (a) of this definition, (v) any amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustments associated with any sale or taking of such assets as referred to in clause (a) of this definition (provided that to the extent and at the time any such amounts are released from such reserve (other than in connection with a payment in respect of such liability), such amounts shall constitute Net Insurance/Condemnation Proceeds) and (vi) the pro rata portion of such Net Insurance/Condemnation Proceeds (calculated without regard to this clause vi) attributable to minority interests and not available for distribution to or for the account of the Borrower and the Restricted Subsidiaries as a result thereof.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Net Condemnation Proceeds The Condemnation Proceeds received with respect to any Mortgage Loan or Serviced Companion Loan (including an REO Mortgage Loan or REO Companion Loan) net of the amount of (i) costs and expenses incurred with respect thereto and (ii) amounts required to be applied to the restoration or repair of the related Mortgaged Property; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Condemnation Proceeds” under this Agreement shall be limited to any related Condemnation Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.