Proceeds Amount definition

Proceeds Amount means $5,000,000.
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Proceeds Amount means the amount of aggregate cash proceeds received by the Company and the Company Subsidiaries following the date hereof from the disposition of all Listed Assets, net of any Taxes payable on the difference between the cash proceeds and the book value as computed in accordance with GAAP and plus any Tax benefit to be received on the difference between the cash proceeds and the book value as computed in accordance with GAAP, in each case at an assumed Tax rate of 40%.
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Proceeds Amount. As defined in Section 3.7. NET WORTH: An amount determined in accordance with GAAP equal to the total assets of any Person, minus the total liabilities of such Person, provided, however, that for purposes of calculating the Net Worth ofthe Guarantor, those certain Thirty-Two Million Dollars ($32,000,000.00) of6.25"% ofconvertible, unsecured, subordinated debentures due in 2006, which were issued by the Guarantor on February 15,1996, shall not be included in total liabilities. OBLIGATIONS: Collectively, the Lease Obligations and the Related Party Obligations.
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Examples of Proceeds Amount in a sentence

  • If the Company shall fail to apply such Net Proceeds Amount as stated in such notice within such period, such failure shall constitute an Event of Default.

  • In no event shall the Trustee be responsible for the payment of any Quarterly Cash Distribution Amount or Sales Proceeds Amount or other amount except to the extent that it has sufficient cash on hand on behalf of the Trust to make such payment.

  • In the event of a Transfer where the Company has elected to apply all or a portion of the Net Proceeds Amount of such Transfer as a Debt Prepayment Application pursuant to Section 10.5(b), the Company shall, no later than the 305th day following the date of such Transfer, give written notice of such event (an “Asset Disposition Prepayment Event”) to each holder of Notes.

  • If the Net Proceeds exceed the Stock Proceeds Amount, the Company may retain the excess.

  • The number of Shares delivered pursuant to this paragraph shall not exceed the Maximum Deliverable Share Amount and shall be subject to the provisions under “Early Termination” hereof regarding Proceeds Amount and the provisions set forth in subsection (c) under “Additional Agreements, Representations and Covenants of Counterparty, Etc.” below.

  • No Make-Whole Amount shall be payable in connection with any Debt Prepayment Application made with respect to the Notes from the Net Proceeds Amount (or portion thereof) arising from asset dispositions.

  • The number of Shares delivered pursuant to this paragraph shall not exceed the Maximum Deliverable Share Amount and shall be subject to the provisions under “Early Termination” hereof regarding Proceeds Amount.

  • If any holder of Notes fails to accept such Prepayment Offer, such holder’s Ratable Portion of the Net Proceeds Amount shall be offered pro rata to each holder of Notes that has accepted such Prepayment Offer.

  • If so accepted by any holder of a Note, such Prepayment Offer equal to not less than such holder’s Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer, together with any additional amount offered to and accepted by such holder pursuant to the following sentence shall be due and payable on the Transfer Prepayment Date.

  • On or prior to the Quarterly Record Date, the Trustee shall, in the manner required by the rules of any securities exchange or quotation system on which the Trust Units are listed or admitted to trading, communicate to the Trust Unitholders the amount of the Quarterly Cash Distribution Amount and the Sales Proceeds Amount, if any, for the relevant Quarterly Period.


More Definitions of Proceeds Amount

Proceeds Amount. As defined in Section 3.7. NET WORTH: An amount determined in accordance with GAAP equal to the total assets of any Person, minus the total liabilities of such Person. Provided, however, that for purposes of calculating the Net Worth 15
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Proceeds Amount means the amount paid in cash (whether upon sale of such stock or upon payments under any notes issued in respect of such stock) for BFB Holding Stock until the Loan Amount is reduced to zero, or in the event that the consideration for the BFB Holding Stock is stock or other securities, the Fair Market Value of any such stock or securities received in the disposition of BFB Holding Stock; provided, however, that if BFB Holding Stock is sold for stock or other securities in a transaction approved by the board of directors of Holding or in a transaction in which more than 50% of all of the common capital stock of Holding is sold in exchange for stock or other securities (a "SALE OF THE COMPANY"), then there shall be no Proceeds Amount as a result thereof and the stock or other securities received by BFB or his Permitted Transferees in the Sale of the Company shall be deemed to be BFB Holding Stock such that upon its sale it will give rise to a Proceeds Amount. If BFB desires to make a gift of any shares of BFB Holding Stock to a charity or educational institution, Holding and GECC agree to discuss and cooperate in good faith to structure such a gift so long as such a gift can be done on terms that are acceptable to each of BFB, Holding and GECC.
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Proceeds Amount means the amount paid to the Payment Trust pursuant to Section 2.01(a) plus any interest earned thereon pursuant to Section 2.01(c), less any amounts withdrawn by Bank United pursuant to Section 2.01(d).
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Proceeds Amount has the meaning set forth in Article XI.
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Related to Proceeds Amount

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • 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

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

  • Net Asset Sale Proceeds means, with respect to any Asset Sale, an amount equal to (a) the sum of Cash payments and Cash Equivalents received by the Obligors from such Asset Sale (including any Cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received), minus (b) any costs, fees, commissions, premiums and expenses actually incurred by any Obligor directly incidental to such Asset Sale and payable in cash to a Person that is not an Affiliate of any Obligor (or if payable to an Affiliate, only to the extent such expenses are reasonable and customary), including reasonable legal fees and expenses, minus (c) all taxes paid or reasonably estimated to be payable by any Obligor (other than any income tax) as a result of such Asset Sale (after taking into account any applicable tax credits or deductions that are reasonably expected to be available), minus (d) reserves for indemnification, purchase price adjustments or analogous arrangements reasonably estimated by the Borrower or the relevant Subsidiary in connection with such Asset Sale; provided that (i) such reserved amount shall not be included in the Borrowing Base and (ii) if the amount of any estimated reserves pursuant to this clause (d) exceeds the amount actually required to be paid in cash in respect of indemnification, purchase price adjustments or analogous arrangements for such Asset Sale, the aggregate amount of such excess shall constitute Net Asset Sale Proceeds (as of the date the Borrower determines such excess exists), minus (e) payments of unassumed liabilities relating to the assets sold or otherwise disposed of at the time, or within 30 days after, the date of such Asset Sale.

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