Permitted Proceeds Uses definition

Permitted Proceeds Uses means Retail Proceed Uses or E-Commerce Proceed Uses.
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Permitted Proceeds Uses any of the following: (i) the satisfaction of certain existing Indebtedness of Borrower for money borrowed; (ii) closing costs associated with this transaction; and (iii) Borrower's general operating needs, to the extent not inconsistent with the provisions of this Agreement and Applicable Law.
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Permitted Proceeds Uses means (i) the Company's or a Restricted Subsidiary's acquisitions exclusively of property and assets constituting, or equity interests in an entity whose assets and property constitute, the businesses, properties and assets described in the Offering Memorandum under the caption "Acquisitions and Dispositions -- Pending Transactions," (ii) payment of fees and expenses incurred in connection with the offering of the Securities, (iii) repayment of the Poughkeepsie Note (as defined in the Offering Memorandum), (iv) capital expenditures and (v) any required repurchase of the Initial Securities pursuant to the terms of Section 4.16 hereof.
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Examples of Permitted Proceeds Uses in a sentence

  • The Company will only use the Proceeds for Permitted Proceeds Uses; provided that, in the case of Retail Proceeds, the Company may, pending any Retail Proceeds Uses, use Retail Proceeds to pay down long-term indebtedness so long as the Company has the right to immediately reborrow such amounts.

  • The Company will only use the Proceeds for Permitted Proceeds Uses; PROVIDED that, in the case of Retail Proceeds, the Company may, pending any Retail Proceeds Uses, use Retail Proceeds to pay down long-term indebtedness so long as the Company has the right to immediately reborrow such amounts.

  • Permitted Proceeds Uses - The satisfaction of existing Indebtedness of Obligated Borrowers to SouthTrust Bank of Georgia, N.A. and National Westminster Bank, the issuance of one or more Letters of Credit to secure insurance obligations, and Obligated Borrowers' general operating needs to the extent not inconsistent with the provisions of this Agreement, for which purposes the Loans are to be used, pursuant to Section 3 hereof.

  • The Company shall use the net proceeds derived from the sale of the Notes only for Permitted Proceeds Uses; including without limitation redemption of the Company's 17% Senior Notes due July 15, 1997; provided, however, that pending the use of such net proceeds to pay such Permitted Proceeds Uses, such proceeds shall be deposited in the Collateral Account and invested by the Disbursement Agent in cash, Cash Equivalents and Marketable Securities.

  • At least $95,000,000 of all proceeds (net of discounts to the Initial Purchasers and commissions and other transaction expenses as set forth in the Offering Memorandum under the caption "Use of Proceeds") received by the Company from the sale of the Securities shall be applied by the Company to Permitted Proceeds Uses.

  • The proceeds of each Revolver Loan shall be used by Borrower solely for Permitted Proceeds Uses.

  • Empress shall use the loan from the Company only for Permitted Proceeds Uses.

  • The proceeds of each Revolver Loan shall be used by Borrowers solely for Permitted Proceeds Uses.


More Definitions of Permitted Proceeds Uses

Permitted Proceeds Uses any of the following: (i) the payment (together with cash on hand of Jan Xxxx) xx the Purchase Price, the Debt Settlement Amount and the Merger Consideration; (ii) closing costs associated with this transaction and the transaction contemplated by the Purchase Agreement; and (iii) Borrowers' general operating needs to the extent not inconsistent with the provisions of this Agreement and Applicable Law.
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Permitted Proceeds Uses any of the following: (i) financing, in part, of the Xxxxx Acquisition, on the Closing Date, in an aggregate amount not to exceed Nine Million Dollars ($9,000,000), as to all Borrowers, collectively (including, for this purpose, any loans or advances made to Xxxxx by any other Borrower with the proceeds of any Loan made to it); (ii) the refinancing of the existing Indebtedness of Xxxxx to NationsBank; (iii) the refinancing of the existing Indebtedness of Titan to Lender under the Titan Loan Agreement; (iv) the satisfaction of certain existing Indebtedness of any other Borrower for Money Borrowed; (v) closing costs associated with this transaction; (vi) the making of intercompany loans and advances by one Borrower to another Borrower; and (vii) each Borrower's general operating needs, to the extent not inconsistent with the provisions of this Agreement and Applicable Law. "PERMITTED PURCHASE MONEY INDEBTEDNESS" - Purchase Money Indebtedness which (i) is incurred under a Supply Contract to the extent that the costs associated therewith are passed through to, and reimbursed by, the buyer under such contract; or (ii) when aggregated with the principal amount of all other Purchase Money Indebtedness (not included within clause (i) above) and Capitalized Lease Obligations of Parent and its Consolidated Subsidiaries at the time outstanding, does not exceed One Million Dollars ($1,000,000).
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Permitted Proceeds Uses means for general corporate purposes of the Company, but in no event for the purpose of distribution to any Affiliate of the Company.
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Related to Permitted Proceeds Uses

  • Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of, (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).

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

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Qualified Proceeds means the fair market value of assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business.

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

  • 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.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

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

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Bond Proceeds means the proceeds from the sale of bonds, notes, and other obligations issued by a district, and reserves and funds maintained by a district for debt service purposes.

  • 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.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • 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.

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

  • 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.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • Asset Sales means any sale, transfer, lease, license, sale and leaseback or other disposition of property (including pursuant to a casualty event or condemnation proceeding).