Surplus Proceeds definition

Surplus Proceeds shall have the meaning given such term in the ▇▇▇▇▇▇▇ Mac Acknowledgment Agreement.

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Surplus Proceeds has the meaning assigned to such term in clause (f) of the definition of “Permitted Asset Sales”.

Surplus Proceeds means the aggregate of all amounts of:

Examples of Surplus Proceeds in a sentence

• The Administrative Agent shall transfer any Bonded Receivables Surplus Proceeds in the Bonded Receivables Account to the TP&S Payment Account upon receipt of sufficient documentation which identifies the amounts in the Bonded Receivables Account that constitute Bonded Receivables Surplus Proceeds and which is acknowledged and consented to by the applicable surety and the Borrower and is in form and substance reasonably satisfactory to the Administrative Agent.

• Such defined words and terms and the Sections in this Agreement in which they are defined are as follows:‌ Defined Term Section Annual Cumulative Surplus Proceeds 5.08(C) Annual True-Up 8.01(D) Breaching Party 19.01 Capacity Reservation Charge 7.01(A) Capital Recovery Charge 7.01(G) Capital Recovery Charge Account 7.01(G) Capital Recovery Charge Base 7.01(G)(ii) Capital Recovery Charge Percentage.

• As a continuing security for the payment and discharge of the Secured Liabilities, the Assignor with full title guarantee assigns to the Security Trustee absolutely, subject to a proviso for reassignment on irrevocable discharge in full of the Secured Liabilities, the Right to Surplus Proceeds provided that nothing in this Clause 3.1 shall constitute the Security Trustee as a mortgagee in possession.

• An amount equal to 80% of the Surplus Proceeds arising from the sale of an Eligible Property as to which at least one Eligible Claim has been submitted during the Claims Period, less the attorney fee identified in Paragraph 9, shall be allocated to all Eligible Claims arising from that Property.

• In the event all outstanding Loans have been paid in full, the Tranche A Commitment Amount shall be permanently reduced by the amount of any remaining Surplus Proceeds.

More Definitions of Surplus Proceeds

Surplus Proceeds means “Surplus Proceeds” as defined in the Acknowledgment Agreement.

Surplus Proceeds has the meaning ascribed thereto in Clause 20.6.

Surplus Proceeds means the difference between a Property’s Auction Proceeds and its Tax Delinquency.

Surplus Proceeds means the lower of the sale price or RMV, less Property Costs.

Surplus Proceeds means any funds, amounts, proceeds or credits derived from the foreclosure of the Mortgaged Property by a holder of the Bond Mortgage or this Instrument (except if and to the extent that such foreclosure is triggered by a default by Lender under the Credit Enhancement Agreement) which exceeds the amount required to satisfy the obligations secured by the Bond Mortgage.

Surplus Proceeds refers to the difference between an Eligible Property’s actual sale price and the Minimum Sale Price. “Surplus Proceeds” do not include interest from the date of the sale.

Surplus Proceeds means any monies available for payment to the Secured Party and to the Servicer, equal to the balance of monies remaining from the Servicing Transfer Proceeds or the Termination Fee after deduction therefrom of the amounts of ▇▇▇▇▇▇▇ Mac's Claims and ▇▇▇▇▇▇▇ Mac's Servicing Transfer Costs.