Proceeds Threshold definition

Proceeds Threshold means, as of the date that the relevant Proceeds amount is determined, the amount specified below for such date: Twelve Months Ended December 17, Proceeds Threshold 2000 $ 48,400,000 2001 $ 96,800,000 2002 $ 176,000,000 2003 $ 231,000,000 2004 and thereafter $ 231,000,000

Proceeds Threshold means, as of the date that the relevant Proceeds amount is determined, the amount specified below for such date: Twelve Months Ended Proceeds December 17, Threshold ------------ --------- 2000 $ 48,400,000 2001 $ 96,800,000 2002 $176,000,000 2003 $231,000,000 2004 and thereafter $231,000,000 Purchase Agreement: Shall mean the Class B Common Stock and Warrant Purchase Agreement dated as of December 16, 1999 by and among the Company, the Holder, PCIP

Proceeds Threshold shall be defined as $25,000,000 “Request Deadline” is the date that is five (5) business days after the Support Holders have received notice from the Issuer of the expiration of the Reinvestment Period. “Support Holders” shall mean (i) more than 50% of the Initial Consenting Noteholders (as such term is defined in the Exchange Offer Support Agreement) who are holders of the Notes and, (ii) from such time as no Initial Consenting Holder holds any of the Notes, more than 50% of the holders of all of the outstanding Notes.

Examples of Proceeds Threshold in a sentence

• The Advisor and the Company shall not agree to increase the Acquisition Fee or reduce the Subordinated Share of Net Sale Proceeds Threshold, the Subordinated Incentive Fee Threshold, or the Subordinated Performance Fee Due Upon Termination Threshold without the approval of the Stockholders.

• The Subordinated Share of Net Sales Proceeds Threshold as defined in Paragraph 8(e).

• In addition, Lender may participate in any settlement discussions with any insurance companies (and shall have the right to approve any final settlement) with respect to any Casualty in which the Net Proceeds or the costs of completing the Restoration are equal to or greater than the Net Proceeds Threshold.

• Borrower shall not make any compromise, adjustment or settlement in connection with any such claim in excess of the Restoration Proceeds Threshold or if an Event of Default then exists without the prior written approval of Lender.

• Provided that no Event of Default has occurred and is continuing, Lessee shall be entitled to receive Insurance Proceeds in amounts less than the Proceeds Threshold; provided, however, that Lessee shall be entitled to receive all Insurance Proceeds payable during the last three (3) years of the Term or in respect of any casualty or damage for which the restoration period is reasonably expected to extend beyond the then remaining Term).

• The Issuer will commence an Asset Sale Offer with respect to Excess Proceeds within 20 Business Days after the date that Excess Proceeds exceed the Excess Proceeds Threshold by delivering to the holders the notice required pursuant to the terms of this Indenture, with a copy to the Trustee.

• Provided that no Event of Default has occurred and is continuing, Lessee shall be entitled to receive Insurance Proceeds in amounts less than the Proceeds Threshold; provided, however, that Lessor shall be entitled to receive all Insurance Proceeds payable during the last three (3) years of the Term or in respect of any casualty or damage for which the restoration period is reasonably expected to extend beyond the then remaining Term.

• Calculation of the Offering Proceeds Threshold shall exclude gross proceeds from Shares purchased by the Advisor and by the Company’s directors and officers.

• Borrower shall, at its expense, diligently prosecute any such proceedings, and for Condemnations in which the Net Proceeds or the costs of completing the Restoration are reasonably expected to exceed the Net Proceeds Threshold (and otherwise if an Event of Default has occurred and is continuing), shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings.

• Upon the completion of each Asset Disposition Offer (including a voluntary Asset Disposition Offer with respect to all Excess Proceeds even though less than the Excess Proceeds Threshold), the amount of Excess Proceeds shall be reset to zero.

More Definitions of Proceeds Threshold

Proceeds Threshold means (i) with respect to the Bensalem Square Property, the Collegetown Shopping Center Property, the High Xxxxx Xxxxx Xxxxxxxx, xxx Xxxxx Xxxxx Xxxxx Property, the Street Road Plaza Property and the Village Square Property, the sum of $200,000.00 and (ii) with respect to the Bethlehem Square Property, the Fox Run Property, the Bristol Commerce Park Property, the Groton Square Property, the Park Hills Plaza Property, the Whitehall Square Property, the Mall at Cross County Property, the Barn Plaza Property and the Valley Fair Property, the sum of $400,000,00.

Proceeds Threshold is defined in Section 7.2(b).

Proceeds Threshold is defined in Section 7.2(b). 71 TIAA Authorization ID # AAA-7376; TIAA Inv. ID # 0006950 University Park Village Deed of Trust 15398858v.6 / 73828-000098