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

  • Boards are required to allocate all proceeds of sales and disposition of property, net of allowable expenses, to the Proceeds of Disposition Reserve.

  • Capital - Externally Restricted Reserves: (Education Development Charges, Proceeds of Disposition, MECR, BECR): ▪ Record revenues on a PSAB basis in the Capital Fund.

  • Accounting for the Proceeds of Disposition: After the necessary approvals are obtained for the disposition of any capital equipment acquired as outlined above, any proceeds should be credited to the proper revenue account.

  • Jagiellowicz:THAT the Board of Trustees authorizes staff to enter into a license agreement with the YWCA which would allow for the creation of a child care centre at St. Paul Catholic Elementary School; and THAT the Board of Trustees approves the use of up to $500,000 from the Proceeds of Disposition reserve, to fund the renovation costs associated with the child care centre subject to Ministry approval.

  • In the 2016-17 fiscal year, TCDSB earned interest revenues totalling $1.98 million or an average return of 1.25%, most of which is earned on capital funds held by the Board, (i.e. Proceeds of Disposition, and Education Development Charges).

  • Funding sources available to HWDSB to implement the program strategy include School Renewal Grants (SRG) and Proceeds of Disposition (POD).

  • Motion: 22-R33 D.Morrison/M.StringerThat the Board allocate supplemental capital funding from the Proceeds of Disposition Reserve to complete the construction of the new JK-6 French Immersion elementary school in New Sudbury as recommended by the Strategic Planning Committee.

  • Capital - Externally Restricted Reserves: MECR, BECR):(Education Development Charges, Proceeds of Disposition, ▪ Record revenues on a PSAB basis in the Capital Fund.

  • For more information, see Guide T4036, Rental Income, or Interpretation Bulletin IT-220, Capital Cost Allowance – Proceeds of Disposition of Depreciable Property, and its Special Release.

  • The breakdown is as follows: • Capital Priorities Grant $2,050,047• Existing FDK (June 22, 2013) 969,169• New Additional FDK 38,783• Proceeds of Disposition 435,000 Superintendent C.


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.
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Proceeds of Disposition means the monies arising from any Disposition;
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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;
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Related to Proceeds of Disposition

  • 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 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:

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

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

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

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Asset Sales means any sale, issuance, conveyance, transfer, lease, assignment or other disposition by any Borrower to any Person (including by means of a sale and leaseback transaction or a merger or consolidation or similar transaction and including any sale or issuance of the equity interests of any Borrower) (collectively, for purposes of this definition, a “transfer”), in one transaction or a series of related transactions, of any assets of any Borrower; provided, that for purposes of this definition, the term “Asset Sale” shall not include:

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Specified Disposition means any disposition of all or substantially all of the assets or Equity Interests of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

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

  • 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.

  • 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.

  • Qualified disposition means a Disposition or a series of related Dispositions in which the consideration received by the Credit Parties is equal to or greater than $50,000,000.

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

  • Permitted Disposition means any of the following:

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).

  • Noncash proceeds means proceeds other than cash proceeds.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Dispositions has the meaning specified in Section 7.02(b).

  • Permitted Dispositions means each of the following: