Project Proceeds definition

Project Proceeds means any income, payments, earnings or receivables of any kind (including any payments with respect to tax, tax refunds or tax credits and insurance proceeds in respect of physical losses (excluding any insurance proceeds relating to third party losses or losses incurred in respect of environmental incidents and where such insurance proceeds are paid directly to third parties)) directly or indirectly deriving from or related to the Projects (including proceeds from sale of any ownership interest in any Hydrocarbon Asset(s))

Project Proceeds has the meaning given to it in the Investor Rights Agreement;

Examples of Project Proceeds in a sentence

The Borrower and CDC certify that the Use of Project Proceeds and Sources of Funds for the project described above are accurate.
Annually, with each 4th quarterly report (June 30), LGEDF grantees having recaptured funds must complete the Project Proceeds Report Form and return the report and total receipts which remain in their project proceeds account.
Net operating income generated from rent revenues or other income, with the exception of any project proceeds resulting from the long-term lease or sale of the property, is not considered Project Proceeds.
Any Project Proceeds that AHFC allows a Borrower to retain must be used for eligible or other housing activities to benefit families earning 50% or less than the adjusted MFI in effect for the Austin-Round Rock-San Marcos, TX MSA.
If Borrower sells any portion of the subject property during the Affordability Period or acts as Lessor on a long-term lease for a RHDA-assisted property, a portion of the net proceeds on the sale or long-term lease would be considered Project Proceeds and must be tracked and handled according to the Project Proceeds requirements AHFC has established for the project.

Project Proceeds means proceeds resulting from the sale of the property.

Project Proceeds means any net proceeds received by the Authority arising in connection with the Real Property which are derived from any conveyance, lease, assignment, mortgage or encumbrance of all or any portion of the Project, which shall be applied pursuant to Section 4 hereinbelow;

Project Proceeds means all monies due and to become due to or available with the Issuer at any time, from any source, including in relation to the Project, including without limitation, subscriptions to Shares, subscriptions to Preference Shares, subscription to debentures of the Issuer (including the CCDs and NCDs), infusion of share application money in the Issuer, unsecured debt or any other debt availed by the Issuer from any Person, monies due or payable to the Issuer in respect of the CDM Benefits, REC Benefits or revenue by sale of electricity to any Procurer, monies due or to become due to the Issuer under the Project Documents (including the PPAs) and under all performance bonds, letters of credit, Insurance Contracts and instruments of a similar nature issued in its favour and any other monies whatsoever in respect of the Project or otherwise.

Project Proceeds means all monies due and to become due to or available with the Issuer at any time, from any source, including in relation to the Project, including without limitation, subscriptions to Shares, subscriptions to Preference Shares, subscription to debentures of the Issuer (including the CCDs and NCDs), infusion of share application money in the Issuer, unsecured debt or any other debt availed by the Issuer from any Person, monies due or payable to the Issuer in respect of the CDM Benefits, REC Benefits or revenue by sale of electricity to any Procurer, monies due or to become due to the Issuer under the Project Documents (including the PPA) and under all performance bonds, letters of credit, Insurance Contracts and instruments of a similar nature issued in its favour and any other monies whatsoever in respect of the Project or otherwise.

Project Proceeds means the monies and proceeds derived by the Borrower or its affiliates from the Premises or the Improvements prior to the repayment of the Loan, including any reimbursements for tenant work done by the Borrower, tax refunds, refunds or rebates from contractors or suppliers, performance bond and insurance proceeds, condemnation awards and capital contributions or loans by such affiliates or other Persons or entities but excluding tenant security deposits, rentals and any ordinary and necessary costs or expenses of raising or collecting such monies and proceeds.

Project Proceeds means all monies due and to become due to or available with the Issuer at any time, from any source, including in relation to the Project, including without limitation, subscriptions to Shares, subscriptions to Preference Shares, subscription to debentures of the Issuer (including the OFCDs and NCDs), infusion of share application money in the Issuer, unsecured debt or any other debt availed by the Issuer from any Person, the VGF Proceeds, monies due or payable to the Issuer in respect of the CDM Benefits, REC Benefits or revenue by sale of electricity to any Procurer, monies due or to become due to the Issuer under the Project Documents (including the PPAs) and under all performance bonds, letters of credit, Insurance Contracts and instruments of a similar nature issued in its favour and any other monies whatsoever in respect of the Project or otherwise.