Prepayment Proceeds definition

Prepayment Proceeds means (a) in respect of Above-Threshold Prepayment Events, the Net Proceeds thereof, (b) in respect of Below-Threshold Prepayment Events, the Net Proceeds thereof in excess of $25,000,000 and (c) in respect of any Prepayment Event described in clause (c) of the definition thereof, the Net Proceeds of such Indebtedness.

Prepayment Proceeds means all Collections that constitute part of any prepayment.

Prepayment Proceeds means Insurance Proceeds, Liquidation Proceeds, Termination Proceeds and Net Sale Proceeds which are credited to the Prepayment Account;

Examples of Prepayment Proceeds in a sentence

• These evolving identity-theft patterns affect not only individuals, but also businesses.The IRS defines business identity theft as creating, using, or attempting to use a business’s identifying information without authority, in order to claim tax benefits.

• Optional Prepayment Proceeds The Indenture requires that, immediately upon receipt of any Optional Prepayment Proceeds, the Authority shall apply such Optional Prepayment Proceeds pursuant to the special mandatory redemption provisions of the Indenture.

• The Indenture also allows for amounts on deposit in the Main Debt Service Reserve Account equal to the maximum amount scheduled to be received in any future Bond Year from Pledged Loans with respect to which Optional Prepayment Proceeds are received to be withdrawn and applied as per the direction of the Authority in accordance with the requirements of the Indenture.

• The Company acknowledges and agrees that prepayments of principal of the Notes made by it pursuant to Sections 8.3, 8.8, 8.9 or 8.10 of the Note Purchase Agreement after October 31, 2016 and prior to the date hereof exceeded $35,000,000 in the aggregate, and that any amount offered to prepay principal of the Notes on or after the date hereof pursuant to Section 8.3, 8.8, 8.9 or 8.10 of the Note Purchase Agreement will constitute Excess Prepayment Proceeds.

• Any proceeds of Insurances referred to in Clause 8.5.1 above that have not been or are not planned to be applied towards replacing, restoring or reinstating the respective Property within six (6) months from receipt constitute Insurance Prepayment Proceeds and shall be transferred by the instructions of the Security Agent from the Noteholder Deposit Account into the Noteholder Repayment Account and be applied for mandatory prepayment in accordance with Clause 8.4.4 8.4.2.

More Definitions of Prepayment Proceeds

Prepayment Proceeds means the proceeds of any Mandatory Prepayment Event minus taxes, fees and expenses actually paid in connection with such Mandatory Prepayment Event; provided, however, that, with respect to a Mandatory Prepayment Event relating to the issuance of equity securities by any Company, Prepayment Proceeds shall be limited to an amount equal to eight percent (80%) of such Prepayment Proceeds.

Prepayment Proceeds means (a) all net cash proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from an Asset Sale to the extent such proceeds, plus the net cash proceeds from all other Asset Sales received during the 12 months before such receipt of proceeds from such Asset Sale, exceeds $5,000,000 and (b) 75% of all net cash proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from Eligible Junior Interest Sales.

Prepayment Proceeds means all payments received in prepayment of a Contract and including the Prepayment Amounts paid by the Transferor to reacquire Contracts under Section 3.02 of this Agreement or paid by the Servicer to acquire Contracts under Section 4.07 of this Agreement.

Prepayment Proceeds means, with respect to the Litigation Proceeds Receipt, any Asset Sale or Eligible Junior Interest Sale, either (a) 75% of the Net Cash Proceeds realized from the resolution of Watkins Litigation, (b) 80% of all Net Cash Proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from such Asset Sale or (c) 75% of all net cash proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from such Eligible Junior Interest Sale, as the case may be, plus (b) the aggregate of all Revolving Loan

Prepayment Proceeds means (a) all net cash proceeds

Prepayment Proceeds has the meaning set forth in Section 3.8.

Prepayment Proceeds is defined in Section 3.1.2.