Examples of Restricted Proceeds in a sentence
The Restricted Proceeds standing to the credit on the Escrow Account will be blocked and pledged by the Issuer in favour of the Noteholders under the Escrow Account Pledge Agreement.
The Agent’s approval of disbursement of Restricted Proceeds from the Escrow Account is in each case only subject to that no Event of Default has occurred and is continuing and the Agent being satisfied that it has received a duly executed Disbursement Notice.
The Restricted Proceeds from the Initial Notes shall initially be deposited in the Escrow Account.
The Issuer may request that Restricted Proceeds standing to the credit of the Escrow Account are disbursed to it by sending a Disbursement Notice to the Agent.
Net Proceeds from Refinance or Sale: Page 2 of this Agreement sets forth the approved calculation of Net Proceeds and the portion thereof that are Restricted Proceeds, pursuant to the Program Requirements at the time of Closing.