Refinance Proceeds definition

Refinance Proceeds means with respect to any Collection Period, proceeds of the issuance of a new series of notes or the issuance of certificates in connection with a Take-Out of Series 2002-A Contracts, which proceeds shall be remitted to the Trustee immediately upon receipt for deposit into the Series 2002-A Facility Account for application in accordance with Section 3.03 hereof.
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Refinance Proceeds means with respect to any Collection Period, (i) any proceeds of the issuance of a new series of notes or the issuance of certificates in connection with a securitization of leases and loans, remitted by the Series Obligors to the Trustee on the Settlement Date following such Collection Period for deposit into the related Series Account and application in accordance with the related Series Supplement, and (ii) any amounts remitted to the Trustee by the Series Obligors in accordance with the related Series Supplement for deposit into the related Series Account and application in accordance with the related Series Supplement.
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Examples of Refinance Proceeds in a sentence

  • With the Net Refinance Proceeds the Debtor Obligors on the Proposed SBD Refinance seek to settle two Connect Reo liabilities (the “Included Loans”) and three Connect Reo mortgages as follows: • the loan in the principal amount as of August 2016 of about $1,043,016 secured by a first mortgage on 740-748 Post Road East and also secured by a second mortgage on 2A Owenoke Park, and • the loan in the principal amount as of August 2016 of about $247,950 secured by a first mortgage on 2A Owenoke Park.

  • After payoff of the existing Westport Fish & Poultry mortgages of about $982,000, Net Refinance Proceeds are estimated at $1,643,000.

  • Assuming the Net Refinance Proceeds will be about $1,643,000, an estimated $150,000 will be available to settle the claims of Connect REO for the disputed fees, charges, and default interest.

  • Major sources of recycled or recovered mercury include scrap from instrument and electrical devices (lamps and switches), wastes and sludges from electrolytic refining plants, and mercury batteries.

  • The Proposed SBD Refinance is contingent on achieving certain agreements including the following: • Agreement with Connect REO to accept Net Refinance Proceeds amount in full settlement on each of the Included Loans • Westport Fish & Poultry Market LLC agreeing that it releases any claim to proceeds but for payoff of its mortgages • Appraisal valuations allowing up to 70% loan to value ratio and 125% available cash flow over interest expense.

  • The Proposed SBD Refinance is contingent on achieving certain agreements including the following: • Agreement with Connect REO to accept Net Refinance Proceeds amount in full settlement on each of the Included Loans • Westport Fish & Poultry Market LLC agreeing that it releases any claim to proceeds but for payoff of its first mortgage • Appraisal valuations allowing up to 70% loan to value ratio and 125% available cash flow over interest expense.

  • Xxxxxwer shall not in any event be construed for any purpose to be a co-owner, joint venturer or partner of Lender regardless of the provisions of the Note concerning the payment by Borrower and the acceptance by Xxxxxx of a portion of Net Sale Proceeds or of Net Refinance Proceeds or reservations of additional interest on this Note.

  • If Borrower shall refinance or otherwise prepay the loan, then, in addition to the outstanding principal and all accrued interest thereon and all other sums which may be due to Lender under the Note, Security Deed and the Other Loan Documents, Borrower shall pay to Lender an amount equal to twenty-five percent (25%) of the "Net Refinance Proceeds" as hereinafter defined.

  • Any such refinance one or more of the Individual Properties shall be for an amount of Net Refinance Proceeds substantially the same as the then current outstanding principal balance of the Floating Loans.

  • Borrower shall not permit any subsidiary to refinance any existing Indebtedness unless, within two (2) Business Days after such refinance, Borrower causes the Net Refinance Proceeds with respect to such transaction to be paid to Administrative Agent to be applied in reduction of the Principal Amount or, if specified by Borrower in a notice to Administrative Agent given on or before the date the applicable Net Refinance Proceeds are paid to Administrative Agent, to be deposited in the Deposit Account.

Related to Refinance Proceeds

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by any Restricted Entity from such Equity Issuance (other than from any other Credit Party) after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred by any Restricted Entity in connection with such Equity Issuance.

  • Refinancing Proceeds means the proceeds of the refinancing of any indebtedness of the Company, less the amount of expenses incurred by or on behalf of the Company in connection with such refinancing.

  • Net Issuance Proceeds means, in respect of any issuance of equity or incurrence of Indebtedness, cash proceeds (including cash proceeds as and when received in respect of non-cash proceeds received or receivable in connection with such issuance), net of underwriting discounts and reasonable out-of-pocket costs and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of the Borrower.

  • REO Proceeds Proceeds received in respect of any REO Mortgage Loan (including, without limitation, proceeds from the rental of the related Mortgaged Property).

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • 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).

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing or refinancing of borrowing by or on behalf of the Partnership or by or on behalf of any Property Partnership (whether or not secured), after deduction of all costs and expenses incurred by the Partnership or the Property Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership or Property Partnerships, or any interest or premium thereon.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

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

  • Net REO Proceeds As to any REO Mortgage Loan, REO Proceeds net of any related expenses of the Servicer.

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

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

  • 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.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.

  • Disposal Proceeds means the consideration receivable by any member of the Group (including any amount receivable in repayment of intercompany debt) for any Disposal made by any member of the Group except for Excluded Disposal Proceeds and after deducting:

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

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • 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.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any Capital Stock or other equity securities of, or the making of any capital contribution to, the Company after the Closing Date.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).