Spendable Proceeds definition

Spendable Proceeds means the Net Sale Proceeds of an issue.
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Spendable Proceeds means net sale proceeds (as defined in § 1.148–1).
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Spendable Proceeds means the proceeds from the sale of the Bonds, less amounts used to redeem the Refunded Bonds, plus transferred proceeds of the Refunded Bonds, plus earnings from investment of the foregoing.
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Examples of Spendable Proceeds in a sentence

  • At least 85% of the Spendable Proceeds will be used to carry out the governmental purposes of the Issue within three years from the Issuance Date.

  • The Issuer and the Borrower each represents that at least 85% of the Spendable Proceeds will be used to carry out the governmental purposes thereof within three years from the Issuance Date.

  • As described in sections B and C of paragraph 3, at least 85 percent of the Spendable Proceeds of the Note (other than such Spendable Proceeds to be used to pay Debt Service on another issue) will be used to carry out the governmental purposes of the Note within three years from the Issue Date of the Note.


More Definitions of Spendable Proceeds

Spendable Proceeds means the proceeds from the sale of the Bonds, less amounts used to redeem the Short-Term Taxable Bonds, plus transferred proceeds of the Short-Term Taxable Bonds, plus earnings from investment of the foregoing. There shall also be transferred to the Bond Fund from the Construction Fund any moneys remaining on deposit in the Construction Fund at such time as the principal of all Outstanding Bonds shall have become due and payable in accordance with the provisions of Section 6.2 of the Agreement.
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Related to Spendable Proceeds

  • Net Available Proceeds means:

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

  • Disposal Proceeds means the proceeds of a Non-Distressed Disposal (as defined in paragraph (b) below).

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Lead Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale), (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the First Restatement Effective Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Excluded Proceeds means, with respect to any Asset Sale or Casualty Event, the sum of, (1) any Net Proceeds therefrom that constitute Declined Proceeds and (2) any Net Proceeds therefrom that otherwise are waived by the Required Facility Lenders from the requirement to be applied to prepay the applicable Term Loans pursuant to Section 2.05(2)(b).

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).