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

• The Servicer’s right to reimbursement for unpaid Servicing Fees and unreimbursed Servicing Advances shall be limited to late collections on the related Mortgage Loan, including Liquidation Proceeds, Released Mortgaged Property Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan in respect of which such reimbursed amounts are owed.

• The Servicer's right to reimbursement for unpaid Servicing Fees and unreimbursed Servicing Advances shall be limited to late collections on the related Mortgage Loan, including Liquidation Proceeds, Released Mortgaged Property Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan in respect of which such reimbursed amounts are owed.

• The Master Servicer's right to reimbursement for unpaid Servicing Fees and unreimbursed Servicing Advances shall be limited to late collections on the related Mortgage Loan, including Liquidation Proceeds, Released Mortgaged Property Proceeds, Insurance Proceeds and such other amounts as may be collected by the Master Servicer from the related Mortgagor or otherwise relating to the Mortgage Loan in respect of which such unreimbursed amounts are owed.

• The Servicer's right to reimbursement for unpaid Servicing Fees, unpaid Contingency Fees and, except as provided in the following sentence, Servicing Advances and Monthly Advances shall be limited to Liquidation Proceeds, Released Mortgaged Property Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the Mortgagor or otherwise relating to the Mortgage Loan in respect of which such unreimbursed amounts are owed.

• The Servicer's right to reimbursement for unpaid Servicing Fees and, except as provided in the following sentence, Servicing Advances and Monthly Advances shall be limited to Liquidation Proceeds, Released Mortgaged Property Proceeds, Insurance Proceeds and such other amounts as may be collected by the Servicer from the Obligor or otherwise relating to the SBA Loan in respect of which such unreimbursed amounts are owed.

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 given to such term in Section 7.9(a).

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, 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 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;

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 Proceeds other than proceeds of Business Interruption Insurance.