Reinvestable Proceeds definition

Reinvestable Proceeds as defined in subsection 4.1(b). ---------------------
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Reinvestable Proceeds has the meaning set forth in Section 2.06(a).
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Reinvestable Proceeds. AS DEFINED IN SUBSECTION 4.4(B). ---------------------
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Examples of Reinvestable Proceeds in a sentence

  • Reinvestable Proceeds (and any income from investment thereof) shall be subject to the following provisions.

  • In determining how long any particular Reinvestable Proceeds have been held in a Collateral Account, deposits and releases shall be accounted for on a first-in, first-out basis.

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  • If Borrower does not intend to so reinvest such Reinvestable Proceeds or if the period set forth in the immediately preceding sentence expires without Borrower having reinvested such Reinvestable Proceeds, the Aggregate Revolving Commitment shall be permanently reduced by the amount of the Reinvestable Proceeds which have not been reinvested by Borrower.

  • During such one-year period, the Borrower will not make any borrowing of Loans or Swingline Loans, or request the issuance of any Letter of Credit, unless, after giving effect thereto, the Borrower has Net Borrowing Availability at least equal to the aggregate amount, determined as of such day, of all re- deposit obligations that the Borrower has with respect to Reinvestable Proceeds withdrawn pursuant to this subclause (C).

  • To the extent that such Reinvestable Proceeds are not used to purchase Replacement Assets within 365 days following such Credit Party's receipt of such Reinvestable Proceeds, then such Reinvestable Proceeds shall immediately be applied by Borrower to prepay the Loans and the Revolving Loan Commitment shall be permanently reduced by the amount of any such prepayment.

  • If, however, Borrower does not intend to so reinvest such Reinvestable Proceeds or if the period set forth in the immediately preceding sentence expires without Borrower having reinvested such Reinvestable Proceeds such Reinvestable Proceeds shall be applied as a mandatory prepayment of Loans in the manner set forth in Section 4.4.

  • Upon the receipt of any Reinvestable Proceeds pursuant to the immediately preceding sentence, the Borrower shall immediately upon such receipt cause all Reinvestable Proceeds to be deposited into a Collateral Account.

  • During such one-year period, the Issuer may by notice to the Collateral Agent and the Exit Facility Agent (which notice shall certify that no Default then exists) identify any purpose for which it would otherwise have been entitled to request a release of such Reinvestable Proceeds and designate the amount that it would otherwise have been able to withdraw to be deemed applied against such re-deposit obligation.

  • During such one-year period, the Borrower may by notice to the Collateral Agent and the Senior Secured Collateral Agent (which notice shall certify that no Default then exists) identify any purpose for which it would otherwise have been entitled to request a release of such Reinvestable Proceeds and designate the amount that it would otherwise have been able to withdraw to be deemed applied against such re-deposit obligation.


More Definitions of Reinvestable Proceeds

Reinvestable Proceeds is added to Exhibit A to the Original Agreement:
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Reinvestable Proceeds means, for each Member with respect to each Project, distributions made with respect to that Project equal to the lesser of (a) the Project Capital Proceeds directly attributable to that Project actually distributed to such Member prior to the expiration of the Investment Period, or (b) the aggregate of all Capital Contributions made by such Member directly attributable to such Project.
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Reinvestable Proceeds has the meaning ascribed to it in Section 1.3(b)(iii).
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Reinvestable Proceeds has the meaning set forth in Section 5.17.
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Related to Reinvestable Proceeds

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

  • Net Available Proceeds means, with respect to any Asset Sale, the proceeds thereof in the form of cash or Cash Equivalents, net of

  • 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.

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

  • 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).

  • 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.

  • 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 Asset Sale Proceeds means, with respect to any Asset Sale, Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received from such Asset Sale, net of any bona fide direct costs incurred in connection with such Asset Sale, including (i) income taxes reasonably estimated to be actually payable within two years of the date of such Asset Sale as a result of any gain recognized in connection with such Asset Sale and (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale.

  • 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).

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

  • 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).

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding only the proceeds of any sale or disposition of any Notes Collateral.

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

  • 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

  • Capital Proceeds means the gross receipts received by the Company from a Capital Transaction.

  • 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.

  • 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.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by the Company from such Event of Loss net of:

  • Noncash proceeds means proceeds other than cash proceeds.

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

  • 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:

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale, (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the Closing Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • 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.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • 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.