Refunding Proceeds means with respect to any Distribution Date, any proceeds of the issuance of a new Series of Notes remitted by the Transferor, with the prior written consent of the Indenture Trustee at least one Business Day prior to such Distribution Date for deposit into the Collection Account and application as Available Investor Principal Collections.
Refunding Proceeds means all of the proceeds of the issuance of the New Convertible Subordinated Notes net of the costs and fees paid to third parties in connection with issuance of the New Convertible Subordinated Notes."
Refunding Proceeds means the proceeds of any subsequent short- or long-term financing, whether resulting from the sale of tax-exempt bonds or otherwise, issued to refund the Loan or to finance the Project.
Examples of Refunding Proceeds in a sentence
The Refunding Proceeds pledged and hereafter received by Recipient will be immediately subject to the lien of this pledge without physical delivery or further act, and the lien of this pledge will be superior to all other claims and liens to the fullest extent permitted by ORS 287A.310.
A plan sponsor may purchase life insurance policies on the lives of insured employees, with the sponsor as owner and beneficiary.
The Refunding Proceeds shall be applied to repay the outstanding balance of the Contract.
The Recipient hereby grants to OBDD a security interest in and irrevocably pledges the Refunding Proceeds to pay all of the obligations owed by Recipient to OBDD under this Contract.
The Recipient represents and warrants that this pledge of Refunding Proceeds complies with, and is valid and binding from the effective date of this Contract as described in, ORS 287A.310.
More Definitions of Refunding Proceeds
Refunding Proceeds means, with respect to any Distribution Date, to the extent specified by the Transferor, (i) any proceeds of the issuance of a new Series of Notes, (ii) any increase in the Note Principal Balance of an existing Series, and/or (iii) any other funds of the Transferor.
Refunding Proceeds means, on any date, an amount equal to the aggregate Net Cash Proceeds of all Permitted Debt, New Preferred Stock and New Common Stock of the Company received by the Company during the 12 month period ending on such date to the extent not allocated by the Company to any payment made for the purchase, acquisition, redemption, retirement, payment or prepayment of Debenture Debt or preferred stock of the Company during such 12 month period.
Refunding Proceeds means the proceeds of any subsequent short- or long-term financing, whether resulting from the sale of tax-exempt bonds or otherwise, issued to refund the Loan or to finance the Project.Exhibit B - Security
Refunding Proceeds means with respect to any Distribution Date, any proceeds of the issuance of a new Series of Notes remitted by the Transferor, with the prior written consent of the Indenture Trustee at least one Business Day prior to such Distribution Date for deposit into the Collection Account and application as Available Investor Principal Collections. "Required Accumulation Factor Number" shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate (calculated based upon Collections of Principal Receivables for any Due Period, over the amount of Principal Receivables on the 10 14 first day of such Due Period) on the Accounts for the 12 months preceding the date of such calculation; provided, however, that this definition may be changed at any time if the Rating Agency Condition is satisfied.
Refunding Proceeds means, with respect to any New Subordinated Debt, any New Preferred Stock or any New Common Stock of the Company, (i) an amount equal to up to 100% of the Net Cash Proceeds thereof, but only to the extent that the Company purchases, acquires, redeems, retires, pays or prepays Subordinated Debt or preferred stock of the Company with such Net Cash Proceeds immediately upon receipt thereof or (ii) the proceeds of Loans reborrowed by the Company in an aggregate amount not to exceed other Loans that were prepaid with the Net Cash Proceeds of such New Subordinated Debt, New Preferred Stock or New Common Stock (less the amount of any such Net Cash Proceeds constituting Refunding Proceeds by reason of clause (i) above), but, in each case, only to the extent that the Company purchases, acquires, redeems, retires, pays or prepays Subordinated Debt or preferred stock of the Company with such reborrowed amounts.
Refunding Proceeds means, as specified in a notice from the Company to the Agent, with respect to any New Subordinated Debt, any New Preferred Stock or any New Common Stock of the Company, (i) an amount equal to up to 100% of the Net Cash Proceeds thereof, but only to the extent that the Company purchases, acquires, redeems, retires, pays or prepays Subordinated Debt, any obligations of the Company under any Guarantee permitted under Section 9.12(x) hereof or preferred stock of the Company (other than, in the case of Net Cash Proceeds of New Subordinated Debt, New Preferred Stock as to which notice had been given pursuant to Section 9.16(ix)(A) hereof) with such Net Cash Proceeds immediately upon receipt thereof or (ii) the proceeds of Revolving Credit Loans reborrowed by the Company in an aggregate amount not to exceed other Revolving Credit Loans that were prepaid with the Net Cash Proceeds of such New Subordinated Debt, New Preferred Stock or New Common Stock (less the amount of any such Net Cash Proceeds constituting Refunding Proceeds by reason of clause (i) above), but, in each case, only to the extent that the Company purchases, acquires, redeems, retires, pays or prepays Subordinated Debt, any obligations of the Company under any Guarantee permitted under Section 9.12(x) hereof or preferred stock of the Company (other than, in the case of any Revolving Credit Loans that were repaid with Net Cash Proceeds of New Subordinated Debt, New Preferred Stock as to which notice had been given pursuant to Section 9.16(ix)(A) hereof) with such reborrowed amounts at any time within the period ending (A) if such reborrowed amounts were prepaid with Net Cash Proceeds of New Subordinated Debt, 75 days after the date of the incurrence, issuance or sale of such New Subordinated Debt and (B) if such reborrowed amounts were prepaid with Net Cash Proceeds of New Preferred Stock or New Common Stock of the Company, one year after the incurrence, issuance or sale of such New Preferred Stock or New Common Stock.
Refunding Proceeds means with respect to any Distribution Date, any proceeds of the issuance of a new Series of Notes remitted by the Transferor, with the prior written consent of the Indenture Trustee at least one Business Day prior to such Distribution Date for deposit into the Collection Account and application as Available Investor Principal Collections. "Required Accumulation Factor Number" shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate (calculated based upon Collections of Principal Receivables for any Due Period, over the amount of Principal Receivables on the