Trust Proceeds definition

Trust Proceeds means, for any Computation Period, proceeds received by Assignor for the account of the Trust, as the Trust’s marketing and payment agent and representative, from the sale of Trust Gas under this Conveyance less Chargeable Costs calculated in accordance with Section 3.03.
Sample 1Sample 2Sample 3
Trust Proceeds means the aggregate amount of Cash or other funds of
Sample 1Sample 2Sample 3
Trust Proceeds means all recoveries, receipts and benefits received by the Trustee by virtue of the Trust Property save for monies or other assets which it is entitled to retain for its own account or which are earmarked for receipt by a third party other than as part of the Trust Property;
Sample 1Sample 2Sample 3

Examples of Trust Proceeds in a sentence

  • Any Trust Proceeds or other amounts of money not paid by Assignor to Trustee when due shall bear, and Assignor will pay, interest at the Prime Interest Rate on the overdue amount commencing on the sixth (6th) day after such due date until such amount is paid.

  • On each Quarterly Payment Date, Assignor shall deliver to Trustee a statement showing the computation of Trust Gas and Trust Proceeds for the preceding Computation Period.

  • Assignor may thereafter conclusively rely upon the authority of that Person to receive payments of Trust Proceeds and shall be under no further duty to inquire into the authority or performance of such Person.

  • Assignor shall never be obligated to pay Trust Proceeds to more than one Person.

  • Assignor shall maintain true and correct books, records, and accounts of (i) all transactions required or permitted by this Conveyance and (ii) the financial information necessary to effect such transactions, including the financial information needed to calculate each installment of Trust Proceeds.

  • If more than one Person is ever entitled to receive payment of any part of the Trust Proceeds, Assignor may suspend payments of all Trust Proceeds until the concurrent owners or claimants of the Royalty Interest or the right to receive payment of Trust Proceeds appoint one Person in writing to receive all payments of Trust Proceeds on their behalf.

  • Assignor shall not be responsible to Trustee for any loss or damage to Trustee resulting from any delay in performing or failure to perform any obligation under this Conveyance (other than Assignor’s obligation to make payments of Trust Proceeds to Trustee) to the extent such failure or delay is caused by Force Majeure.

  • Such amount shall not be treated as a portion of Trust Proceeds so long as it remains with such escrow agent, but shall be treated as a portion of the Trust Proceeds, along with the accrued interest, when received from such escrow agent and paid over to Trustee.

  • Third Persons may pay all Trust Proceeds for the sale of such Gas directly to Assignor, without the necessity of any joinder by or consent of Trustee on behalf of the Trust or any inquiry into the use or disposition of such proceeds by Assignor.

  • In the event that Assignor overestimates the cost of any Taxes for which it has set aside Reserved Amounts, the excess amount shall be applied against any other Chargeable Costs (which shall be reduced by an amount equal to such excess Reserved Amounts so expended), or paid as Trust Proceeds on the Quarterly Payment Date following the Computation Period in which it is determined that Assignor has set aside excess Reserved Amounts.


More Definitions of Trust Proceeds

Trust Proceeds means the proceeds and other receipts of, from or attributable to the Trust Assets.
Sample 1Sample 2
Trust Proceeds means all monies received or recovered by the Note Trustee after an Enforcement Notice has been served by the Note Trustee other than monies received pursuant to and in accordance with the priority of application of amounts prior to and following enforcement as provided in Clause 12.1 of the Note Trust Deed and the relevant Note Trust Deed Supplement;
Sample 1
Trust Proceeds means, in relation to any Covered Series of Notes, all recoveries, receipts and benefits received by the Trustee pursuant to the Security Documents relating to such Covered Series save for monies or other assets which it is entitled to retain for its own account or which are earmarked for receipt by a third party other than pursuant to such Security Documents;
Sample 1
Trust Proceeds means the LFG Trust Proceeds and the LES Trust Proceeds.
Sample 1
Trust Proceeds means, for any Computation Period, proceeds received by Assignor for the account of the Trust, as Trustee’s marketing and payment agent and representative, from the sale of Trust Gas under this Conveyance.
Sample 1
Trust Proceeds means, for any Computation Period, proceeds received by Assignor for the account of the Trust, as the Trust's marketing and payment agent and representative, from the
Sample 1

Related to Trust Proceeds

  • Investment Proceeds means, with respect to any Distribution Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 2000-1 Accounts, together with an amount equal to the Series 2000-1 Investor Allocation Percentage of the net interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • 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.

  • Net Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, and amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • REO Proceeds Proceeds received in respect of any REO Mortgage Loan (including, without limitation, proceeds from the rental of the related Mortgaged Property).

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of:

  • Bond Proceeds means the proceeds from the sale of bonds, notes, and other obligations issued by a district, and reserves and funds maintained by a district for debt service purposes.

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any Cash equity contributions (unless specified by the Collateral Manager to constitute Interest Proceeds in accordance with Section 10.05).

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Equity Proceeds means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of any equity Securities of Company after the Effective Date.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).