Realisation Proceeds definition

Realisation Proceeds means the proceeds of sale (after the deduction of costs and expenses of such sale) of the relevant Exchange Property (in the case of Condition 15(c) (Settlement - Illegality)) or the relevant dividends or other income or distributions or rights (in the case of Condition 14 (Rights Arising on Exchange)) carried out by a broker or investment bank selected by the Issuer and approved by the Trustee, on an arm’s length basis (converted if necessary into euros at the Screen Rate on the date of receipt of such proceeds);

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Realisation Proceeds means the proceeds of sale (after the deduction of Permitted Expenses) of the relevant Exchange Property or the relevant dividends or other income or distributions or rights attaching thereto which is carried out by an independent broker or investment bank of international repute selected by the Issuer and approved by the Trustee (such approval not to be unreasonably withheld or delayed), on an arm’s length basis (converted if necessary into euro at the Prevailing Rate by the Calculation Agent on the date of receipt of such proceeds);

Realisation Proceeds means the proceeds of realisation of, or enforcement of the Security relating to the Secured Assets;

Examples of Realisation Proceeds in a sentence

• Security over such assets purchased with Net Realisation Proceeds will be granted only where permitted under any financing with respect to such assets, it being understood that holdco level security should, where structurally possible, be provided (with satisfactory anti-layering protections for the NSNs) where any finance in respect of such asset limits security over the assets and/or owner of the assets (as applicable).

• For the avoidance of doubt, the Bank Finance Parties will have no claim or security interest in the Net Realisation Proceeds.

• Net Realisation Proceeds shall be kept, until applied as contemplated above, in the mandatory offer holding account at NSNCo over which the holders of the New Secured Notes (the “New Secured Noteholders”) shall have a sole first ranking security interest.

• Amounts held in such accounts shall be released on the earlier of (i) the original maturity of the relevant loan or receivable (as at the date of the Investment Agreement) to which such amount relates and (ii) three months after the Refinancing Closing Date into the mandatory offer holding account at NSNCo and shall constitute Net Realisation Proceeds.

• For the avoidance of doubt, if any alternative structure results in an entity or asset not being hived down, any cash income (including ordinary course dividends and disposal proceeds) therefrom received by the Group after the Refinancing Closing Date shall be promptly transferred to NSNCo and shall constitute Net Realisation Proceeds.

More Definitions of Realisation Proceeds

Realisation Proceeds means the remaining proceeds from the realisation of the MTM Adjustable Assets in a Collateral Pool following payment of all amounts due to the Collateral Agent and/or any agent appointed by it to assist in the enforcement of the Pledge(s) and realisation of the MTM Adjustable Assets, including any Enforcement Expenses;

Realisation Proceeds means the proceeds of a sale (after the deduction of costs and expenses of such sale) of the relevant dividends or other income or distributions satisfied or made otherwise than in cash (in the case of Condition 7(b)(iii)(2)), in each case carried out by an Independent Investment Bank on an arm’s length basis (in each case converted if necessary into

Realisation Proceeds means proceeds, less any realisation costs, received by a Relevant Group Company from the Disposal of a Property;

Realisation Proceeds means the proceeds resulting from a realisation of the Financed Object attained by VW Bank in its capacity as Servicer.

Realisation Proceeds means the proceeds of sale (after the deduction of costs and expenses of such sale) of the relevant Exchange Property or the relevant dividends or other income or distributions or rights carried out by a broker or investment bank selected by the Calculation Agent, on an arm's length basis (converted if necessary into Swiss Francs at the Screen Rate on the date of receipt of such proceeds);

Realisation Proceeds means the proceeds of sale (after the deduction of costs and expenses of such sale) of the relevant Exchange Property (in the case of Condition 6(b)(ii)), the Relevant Exchange Property (in the case of Condition 10(g)) or the relevant dividends or other income or distributions or rights (in the case of Condition 6(b)(iii)(B)) carried out by an independent broker or investment bank selected by the Issuer, on an arm’s length basis (converted, if necessary by the Calculation Agent into U.S. dollars at the Screen Rate on the date of receipt of such proceeds);

Realisation Proceeds means the amount which the Calculation Agent determines would be the net proceeds of sale of any relevant Exchange Property if such sale were effected, following the