Real Estate Proceeds definition

Real Estate Proceeds means proceeds from the direct sale of the Project (as opposed to proceeds from the sale of interests in the Subsidiary REIT).
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Real Estate Proceeds means (i) the amount of proceeds realized from the sale of the Sale Properties and/or, in the case of a Failed Auction, Retained Properties pursuant to Section 5.02 hereof minus any Taxes and any reasonable associated fees and expenses (including the Broker and any other third-party advisors) incurred, directly or indirectly, by RE Investor as a result of the sale of the Sale Properties and/or, in the case of a Failed Auction, Retained Properties, pursuant to Section 5.02 hereof plus (ii) the Cash Distribution Amount plus (iii) the Additional Cash Distribution Amount. For these purposes, to the extent that the RE Investor is a pass-through entity for U.S. federal income tax purposes, income Tax liability shall be determined using an assumed tax rate equal to the highest combined marginal federal and state tax rates of an individual or corporation, as applicable, resident in New York, New York.
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Real Estate Proceeds means the proceeds, after payment of customary closing costs, of the sale of the Facility and the First Parcel by certain non-debtor parties to the Purchaser for a total purchase price of $1,200,000.
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Examples of Real Estate Proceeds in a sentence

  • In addition to the Transferred Assets to be transferred on the Closing Date to Emerson, Marlboro shall transfer to Emerson all Net Real Estate Proceeds on the latter of the Closing Date or promptly after the Campus is sold.

  • The reviewing official should have knowledge of the con- tractor’s performance and should normally be at an organizational level above that of the evaluating official.(c) Distribution and use of performance reports.

  • XXXXXX (XXXXXXXX XXXXXXX, XXXXXXX XXXXXXX) Case Number Debtor(s) Proceeding 10:00 AM 14-00628-JRH YORK ENTERPRISES, LLC ATTORNEY: XXXXX XXXX (YORK ENTERPRISES, LLC) Comerica Bank's Motion to Apply Real Estate Proceeds Against Claim (DN 52) 13-04564-JRH XXXXX X.

  • The Agent shall notify the Noteholders as soon as possible of any proposed redemption of any Note under Clause 10.2 (Optional redemption of the Notes) or Clause 11.2 (Disposal, Insurance, Acquisition Proceeds and Specified Real Estate Proceeds).

  • Similarly, we note the use of the estimated present value of the Stand-alone Tax Assets and the Real Estate Proceeds at the bottom of page 58 and the estimates for Operating Synergies and Tax Asset Synergies on page 59.

  • The Department provided a copy of an email chain from the Office of the State Controller, dated April 1, 2022, indicating that the OSC was taking the position that the Real Estate Proceeds Cash Fund is subject to appropriation but that, because the Controller’s Office had previously authorized spending without appropriation “the statutory language is unclear”.

  • There were three cash funds from which the Department had cash funds transferred: The Veterans Trust Fund $3,000,000; the Veterans Assistance Grant Cash Fund $1,000,000; and the Real Estate Proceeds Cash Fund $4,908,395.

  • Person” means any person, partnership, corporation, association, municipal corporation, political subdivision or governmental agency.

  • In the absence of one or more Tax Refund Distributions as provided in Paragraph 3.6(c)(3), the recovery of Insurance Proceeds as provided in Paragraph 3.6(c)(4), the recovery of Real Estate Proceeds as provided in Paragraph 3.6(c)(5) or the recovery of Excess Liquidation Proceeds as provided in Paragraph 3.6(c)(6), the sixty-five percent (65%) distribution provided in this Paragraph shall be in full and complete satisfaction of each Unsecured Creditor's Allowed Claim.

  • Additionally, as a budget balancing measure, $4.9 million in cash funds were transferred from the Department’s Real Estate Proceeds Cash Fund to the General Fund.


More Definitions of Real Estate Proceeds

Real Estate Proceeds means the net amount of cash received by the Company from a Capital Transaction involving the Real Estates Assets (or any portion thereof) after satisfaction of all liabilities in connection with the Real Estate Assets and payment of all expenses associated with such Capital Transaction.
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Related to Real Estate Proceeds

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • 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.

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any equity Securities of Company after the Effective Date.

  • Foreclosure Proceeds Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

  • Investment Proceeds means, with respect to any Determination Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1996-1 Accounts, together with an amount equal to the Series 1996-1 Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Net Equity Proceeds means an amount equal to any Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of, Holdings or any of its Subsidiaries, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

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

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), 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 clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.