Relinquished Property Proceeds definition

Relinquished Property Proceeds. Funds derived from or otherwise attributable to the transfer of Relinquished Property pursuant to a Master Exchange Agreement.

Relinquished Property Proceeds has the meaning specified in Section 1.1 of the Master Exchange Agreement.

Relinquished Property Proceeds means, funds derived from or otherwise attributable to the transfer of Relinquished Property, including any Qualified Earnings thereon.

Examples of Relinquished Property Proceeds in a sentence

• Without limiting the foregoing, Exchangor’s rights to receive, pledge, borrow, or otherwise obtain the benefits of any Relinquished Property Proceeds (whether in the form of money or other property) and any Qualified Earnings thereon are expressly limited as provided in Treasury Regulations Sections 1.1031(k)-1(g)(4)(ii) and 1.1031(k)-1(g)(6).

• In particular, all Relinquished Property Proceeds (and any Qualified Earnings thereon) shall be held subject to Treasury Regulations Sections 1.1031(k)-1(g)(4)(ii) and (g)(6).

• In particular, all Relinquished Property Proceeds, and any Qualified Earnings thereon, shall be held subject to Sections 1.1031(k)-1(g)(4)(ii) and 1.1031(k)-l(g)(6) of the Treasury Regulations, including the restrictions on Exchangor’s right to receive, pledge, borrow or otherwise obtain the benefits of Relinquished Property Proceeds or the earnings thereon.

• Subject to the limitation that each Legal Entity shall have no right to receive, pledge, borrow or otherwise obtain the benefits of the Relinquished Property Proceeds or the earnings thereon held by either the QI or the Escrow Agent, Relinquished Property Proceeds may be withdrawn from an Exchange Account or Disbursement Account upon a Disbursement Occurrence with respect to the related Relinquished Property or such Relinquished Property Proceeds.

• Pursuant to the Escrow Agreement, Relinquished Property Proceeds in the Exchange Account may be transferred to the Release Account following the occurrence of certain events specified therein and, in accordance with Section 3.05(b), such Relinquished Property Proceeds may be used to acquire a Qualified Substitute Property.

More Definitions of Relinquished Property Proceeds

Relinquished Property Proceeds means the proceeds of the sale or disposition of Relinquished Property.

Relinquished Property Proceeds. As defined in the Master Exchange Agreement.

Relinquished Property Proceeds means, funds derived from or otherwise attributable to the transfer of Relinquished Property, including any Qualified Earnings thereon, and excluding earnings thereon that do not constitute Qualified Earnings.

Relinquished Property Proceeds means the proceeds of the sale or disposition of Relinquished Property. “Remittance Date ”: The Business Day preceding each Payment Date. “Removed Mortgaged Property ”: Each Third Party Option Mortgaged Property and each Lease Transfer Mortgaged Property, released at any time from the lien of the Indenture. “REO Acquisition ”: The acquisition of any REO Property pursuant to Section 3.09 . “REO Disposition ”: The sale or other disposition of any REO Property pursuant to Section 3.18 . “REO Property ”: A Mortgaged Property acquired by or on behalf of the Indenture Trustee through foreclosure, acceptance of a deed-in-lieu of foreclosure or otherwise in accordance with applicable law in connection with the default or imminent default of a Mortgage Loan. “REO Revenues ”: All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property. “ Replacement Property ”: Mortgaged Properties that are (i) of a “like-kind” (within the meaning of Section 1.1031(a)-1(b) of the Treasury Regulations (or any successor section)) to any Relinquished Property and otherwise satisfying the definition of and requirements for “replacement property” under the Treasury Regulations and (ii) satisfy the definition of Qualified Substitute Mortgaged Property. “Replacement Property Agreement ”: Any agreement relating to the acquisition of Replacement Property. “Request for Release ”: A request signed by a Servicing Officer, as applicable, of the Property Manager substantially in the form of Exhibit B attached hereto or of the Special Servicer substantially in the form of Exhibit C attached hereto. 27 US-DOCS\ 96557504.7 102826315.7

Relinquished Property Proceeds means funds derived from or otherwise attributable to the transfer of Relinquished Property, including any earnings thereon.

Relinquished Property Proceeds is defined in Appendix A to the Master Exchange Agreement.

Relinquished Property Proceeds means, with respect to any Relinquished Property, the amount received from, or on behalf of, the relevant Buyer with respect to such Buyer’s acquisition of such Relinquished Property, (including, without limitation, any amounts received from a Manufacturer Receivables Purchaser or Master Exchange Lender in respect of a sale or pledge of Master Exchanged Vehicle Repurchase Rights) or otherwise received in connection with the disposition of such Relinquished Property, under the related Relinquished Property Agreement(s), unless and until such amount (i) becomes Additional Subsidies as a result of a Disbursement Occurrence or (ii) is transferred to the applicable Lender pursuant to Section 4.2(b)(2) of the Master Exchange Agreement; provided that for the avoidance of doubt, any Master Exchanged Vehicle Repurchase Rights sold and/or pledged to a Manufacturer Receivables Purchaser or Master Exchange Lender, as applicable, shall not constitute Relinquished Property Proceeds.