Sale Transaction Proceeds definition
Examples of Sale Transaction Proceeds in a sentence
If the Net Sale Transaction Proceeds per Unit exceeds the Option Exercise Price per Unit purchased or purchasable by Optionee pursuant to such exercise, then the Option Exercise Price paid or payable to Optionee shall be increased by the amount of the difference multiplied by the number of Units purchased by Optionee pursuant to such exercise.
Subject to the provisions of Sections 4.3 and 4.4, the Manager will distribute any Sale Transaction Proceeds (together with any interest earned thereon or other proceeds thereof), promptly following the Company's receipt thereof, to the General Members in proportion to their respective Class A Sharing Percentages.
In the event of a Sale Transaction, the Debtors shall fund distributions under the Plan from Cash on hand (if any) and the Sale Transaction Proceeds in accordance with the terms of the Sale Transaction Documents and the Plan.