Property Proceeds definition

Property Proceeds means any and all proceeds received from the Security Property following a Transfer of title to the Lenders or a Transfer Entity, including, without limitation, all rental income or other proceeds derived from the operations of the Security Property, any insurance proceeds from damage or destruction of the Security Property not applied to repair or reconstruct same, any condemnation proceeds and any proceeds resulting from the sale or refinancing of the Security Property.

Property Proceeds means (i) the aggregate insurance proceeds received under any property or physical damage insurance policy in connection with one or more related events or (ii) any award or other compensation with respect to any eminent domain, condemnation of property or similar proceedings (or any transfer or disposition of property in lieu of condemnation).

Property Proceeds means the proceeds from the sale of a Property after deduction has been made for all arrangement and legal fees, costs and expenses, stamp duties, registration and other taxes incurred by the PropCo owning such Property in connection with the sale of that Property.

Examples of Property Proceeds in a sentence

• So long as there are sufficient Loan Payments or Property Proceeds available to pay all outstanding Loan Expenses (including any Loan Expense Reserves established by the Servicer pursuant to Section 6.3, below), each Lender’s share of such Loan Expenses shall be deducted from such Loan Payments or Property Proceeds (or available reserves) prior to any distribution of such proceeds to the Lenders under Section 8.2, below.

• So long as there are sufficient Loan Proceeds or Property Proceeds available to pay all outstanding Loan Expenses (including any Loan Expense Reserves established by the Servicer pursuant to Section 11, below), each Lender’s share of such Loan Expenses shall be deducted from such Loan Proceeds or Property Proceeds (or available Reserves) prior to any distribution of such proceeds to the Lenders under Section 23, below.

• To the extent payments received from the Borrower are insufficient to pay the full amount of any Servicing Fees payable to the Servicer pursuant to this Section 5, the Servicing Fee shall continue to accrue in favor of the Servicer unless and until the occurrence of a Transfer and any accrued but unpaid Servicing Fees shall be paid from the future Loan Proceeds or Property Proceeds in accordance with Section 20(b).

• To the extent payments received from the Security Property are insufficient to pay CRCC the full amount of the Management Fee payable hereunder on a current basis, the Management Fee shall accrue in favor of the Servicer and shall be paid from any future Property Proceeds in accordance with Section 23(b), hereof.

• In this clause 4, Accession, Commingled, Financing Change Statement, Financing Statement, Fixture, Perfected, Personal Property, Proceeds, Purchase Money Security Interest, Security Interest and Verification Statement have the respective meanings given to those terms by the PPSA.

More Definitions of Property Proceeds

Property Proceeds means all proceeds of the Property Claims, including all money, deposit accounts, accounts, notes, drafts, instruments, documents, and all other tangible and intangible property resulting from the payment, collection of, recovery on, or other disposition of any or all of the Property Claims.

Property Proceeds shall have the meaning ascribed to such term in Section 9.1.

Property Proceeds means all Proceeds other than proceeds of Business Interruption Insurance.

Property Proceeds means, with respect to the relevant time period, all Hydrocarbon production from or attributable to the Leases, Units and Xxxxx (and all products and proceeds attributable thereto) and all other income, proceeds, receipts and credits earned with respect to the Assets.

Property Proceeds means, in respect of any Designated Property, Specified Property or Acquired Property, all direct and indirect gross proceeds received from any Designated Property Disposition, Specified Property Disposition and/or Acquired Property Financing with respect thereto, less all reasonable out-of-pocket fees, commissions, costs and expenses incurred by the relevant Brookfield Homes Entity in respect thereof, the amount that is outstanding under any mortgage that was secured against an Acquired Property as at the date of its acquisition by the relevant Brookfield Homes Entity and in the case of a Specified Property Disposition, the amount that is outstanding under any loan that was secured against a Specified Property;

Property Proceeds means all sums payable pursuant to Section 15.1(e)(ii) of the Lease and any other proceeds with respect to the applicable Property or all Properties, as the context requires, from a Casualty, Condemnation or a Claim paid which relates to damage to a Property which is not an Excepted Payment, Exempted Payment, payment of Supplemental Rent or the proceeds from any Financing Party's insurance policy.

Property Proceeds means, in respect of any Designated Property or Acquired Property, all direct and indirect gross proceeds received from any Designated Property Disposition and/or Acquired Property Financing with respect thereto, less all reasonable out-of-pocket fees, commissions, costs and expenses incurred by the relevant Brookfield Homes Entity in respect thereof and the amount that is outstanding under any mortgage that was secured against such Acquired Property as at the date of its acquisition by the relevant Brookfield Homes Entity;