Examples of Relevant Proceeds in a sentence
To the extent that the Trust receives amounts, directly or indirectly, from a Relevant Business or a Relevant Investment, including but not limited to amounts received on a termination or sale of any Relevant Business or Relevant Investment ("Relevant Proceeds"), the Trust shall be obliged to make a payment to the Partnership equal to any Relevant Proceeds received within 2 business days of receipt.
As a result of the acquisition of an additional 3% equity interest in the Target Company as contemplated under the SP Agreement (as amended and supplemented by the Supplemental Agreement), the Board will utilise HK$10.7 million from the Relevant Proceeds of HK$50 million for the acquisition of the said additional 3% equity interest in the Target Company.
For the avoidance of doubt, it is noted that, notwithstanding the Trust’s obligation to make payments pursuant to paragraph 5 hereof, any Relevant Proceeds are received by the Trust beneficially, in its own right, and are not received in its capacity as General Partner of the Partnership.
Relevant Proceeds Waterfall” has the meaning set out in § 86(a)(i).
For the avoidance of doubt, it is noted that, notwithstanding the Trust’s obligation to make payments pursuant to paragraph 5 hereof, any Relevant Proceeds are received by Americold Realty Trust beneficially, in its own right, and are not received in its capacity as General Partner of the Partnership.