Proceeds of Disposition definition

Proceeds of Disposition means the cash or other monetary consideration received by Rental ULC from the sale of Rental ULC Vehicles or from insurance in respect of Rental ULC Vehicles written off by Rental ULC or the related insurance provider as a result of a Casualty.

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Proceeds of Disposition means the cash or other monetary consideration received by the Partnership from the sale of Partnership Vehicles, including from insurance in respect of Partnership Vehicles written off by the Partnership as a result of theft, fire, accident or act of God;

Proceeds of Disposition means, in the case of forfeited property other than money, the proceeds of sale on the disposition of the property, and in the case of forfeited property that is money, the amount of the forfeited money;

Examples of Proceeds of Disposition in a sentence

In the event of a Disposition or Event of Loss of any Collateral in excess of $20,000,000, the Revolving Credit Facility shall be permanently reduced by an amount equal to the Net Proceeds of Disposition or Event of Loss in excess of $20,000,000.
All deposits of Proceeds of Disposition into the Master Vehicle Account shall be in immediately available funds.
In such event, the Net Cash Proceeds of Disposition shall be equal to the sum of (a) the amount borrowed by Remedy, plus (b) the percentage of shares outstanding in Peregrine that are sold to the purchaser (not less than 50%) multiplied by the difference between $250,000,000 (the deemed value of Remedy) and the amount borrowed by Remedy.
The actual proceeds paid by the purchaser for the stock in Peregrine plus the amount borrowed by Remedy shall be compared to the Net Cash Proceeds of Disposition.
On each Remittance Date, Rental LP, or the Servicer on its behalf, shall allocate to each Series of Notes a portion of the Proceeds of Disposition for the previous Settlement Period in an amount equal to the Proceeds of Disposition Series Transfer Amount for such Remittance Date for such Series.
If such combined amount exceeds the Net Cash Proceeds of Disposition by more than $37,500,000, then such excess shall also be deemed Net Cash Proceeds of Disposition and 50% shall be paid as additional proceeds to the Purchasers and be applied as Net Available Proceeds.
There shall be deposited directly to the Vehicle Account (i) all Proceeds of Disposition, and (ii) all capital contributions of the Partners in the form of cash.
Any amount by which the Proceeds of Disposition Aggregate Transfer Amount for a Settlement Period exceeds the aggregate of the Proceeds of Disposition Series Transfer Amounts deposited to the Series Vehicle Accounts on the related Remittance Date may be withdrawn by Rental LP on such Remittance Date as Unrestricted Funds; provided that any conditions to such release specified in any Indenture Supplement are satisfied.
If a Parcel includes an Environmental Condition that must be remediated in connection with development of the Parcel, PDC shall reimburse the City for the Remediation Costs arising in connection with development thereof up to an amount equal to the Net Proceeds of Disposition (“PDC’s Contribution”).
There shall be deposited directly to the Vehicle Account (i) all Proceeds of Disposition and (ii) all capital contributions of the Partners in the form of cash and all proceeds of all issuances of Bonds (which shall be deemed to be a capital contribution by the relevant Limited Partner).

More Definitions of Proceeds of Disposition

Proceeds of Disposition means the cash or other monetary consideration received by Rental LP from the sale of Rental LP Vehicles, including from insurance in respect of Rental LP Vehicles written off by Rental LP or the related insurance provider as a result of theft, fire, accident, act of God, or otherwise.

Proceeds of Disposition means, in the case o f forfeited property other tha n money, the

Proceeds of Disposition means the monies arising from any Disposition;