Remaining Proceeds definition

Remaining Proceeds means the amount equal to the difference between the amount paid to the foreclosing governmental unit for a property due to the sale or transfer of the property under section 78m and the sum of all of the following:

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Remaining Proceeds has the meaning indicated in subparagraph 5(A).

Remaining Proceeds means the Available Replacement Amount minus the Replacement Collateral Value, as calculated by the Calculation Agent and notified to the Issuing and Paying Agent and Custodian.

Examples of Remaining Proceeds in a sentence

• Until, however, any Remaining Proceeds received by BNPLC are applied by BNPLC as a Qualified Prepayment or applied by BNPLC to reimburse costs of repairs to or restoration of the Property pursuant to this Paragraph 10, BNPLC shall hold and maintain such Remaining Proceeds as Escrowed Proceeds in an interest bearing account, and all interest earned on such account shall be added to and made a part of such Escrowed Proceeds.

• Until, however, any Remaining Proceeds received by BNPPLC are applied by BNPPLC as a Qualified Prepayment or applied by BNPPLC to reimburse costs of repairs to or restoration of the Property pursuant to this Paragraph 10, BNPPLC will hold and maintain such Remaining Proceeds as Escrowed Proceeds in an interest bearing account, and all interest earned on such account will be added to and made a part of such Escrowed Proceeds.

• In any event, BNPPLC may deduct Breakage Costs or any Fixed Rate Settlement Amount incurred in connection with any Qualified Prepayment from the Remaining Proceeds or other amounts available for application as the Qualified Prepayment, and NAI must reimburse BNPPLC upon request for any such Breakage Costs or Fixed Rate Settlement Amount that BNPPLC incurs but does not deduct.

• Any Remaining Proceeds governed by this Paragraph 5 which BNPPLC is continuing to hold as Escrowed Proceeds when the Term of the Lease commences will be applied in accordance with the terms and conditions of the Lease as if received by BNPPLC immediately after the Term commenced.

• NAI must apply any such Remaining Proceeds to the repair or restoration of the Property to a safe and secure condition and to a value of no less than the value before taking or casualty.

More Definitions of Remaining Proceeds

Remaining Proceeds has the meaning ascribed to such term in Section 2.5.

Remaining Proceeds shall have the meaning set forth in Section 4.04.

Remaining Proceeds shall have the meaning assigned to it in subparagraph 4.(a)(ii).

Remaining Proceeds shall have the meaning provided in Section 9(a).

Remaining Proceeds shall have the meaning assigned to it in subparagraph 4.(a)(ii). (ch) Rent. "Rent" means the Base Rent and all Additional Rent. (ci) Responsible Financial Officer. "Responsible Financial Officer" means the chief financial officer, the controller, the treasurer or the assistant treasurer of Tenant. (cj) Scope Change. A "Scope Change" means a material addition to, deletion from or other modification to the quality, function or capacity of the Designated Improvements as delineated in Exhibit H or in any plans and specifications therefor previously approved by Landlord, but shall not include refinement, correction and detailing by Tenant or Tenant's architects or contractors from time to time. As used in this definition, a "material" change shall mean any change that (a) is reasonably likely to substantially reduce the fair market value of the Leased Property (after completion of the Designated Improvements), or (b) will change the general character of the Designated Improvements from that described in Exhibit H. (ck)

Remaining Proceeds means “the amount equal to the difference between the amount paid to the foreclosing governmental unit for a property due to the sale or transfer of the property under [MCL 211.78m] and the sum of all of the following: (i) The minimum bid under [MCL 211.78m]. (ii) All other fees and expenses incurred by the foreclosing governmental unit pursuant to [MCL 211.78m] in connection with the forfeiture, foreclosure, sale, maintenance, repair, and remediation of the property not included in the minimum bid. (iii) A sale commission payable to the foreclosing governmental unit equal to 5% of the amount paid to the foreclosing governmental unit for the property.” MCL 211.78t(12)(b).

Remaining Proceeds means (i) with respect to any mandatory prepayment pursuant to Section 2.12, an amount equal to the excess of (x) the amount of Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Equity Proceeds, Net Debt Proceeds, Consolidated Excess Cash Flow, ECF Surplus Amount or Extraordinary Receipts, as applicable, required to be applied to make such mandatory prepayment over (y) the amount, if any, required to be applied pursuant to clause “first” and “third” above as a result of such prepayment or Commitment reduction, and (ii) with respect to any Preliminary IP Event Prepayment, an amount equal to such Preliminary IP Event Prepayment.