Restricted Proceeds definition

Restricted Proceeds means cash proceeds received by a Subsidiary from any issuance of debt securities or any incurrence of Debt, to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of such proceeds is not at that time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary.
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Restricted Proceeds has the meaning specified in Section 2.03(b)(vi).
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Restricted Proceeds has the meaning specified in Section 2.05(b)(vii).
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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.


More Definitions of Restricted Proceeds

Restricted Proceeds means any Insurance Proceeds if the full amount of the same exceeds the Casualty Amount.
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Restricted Proceeds means an amount equal to the Net Proceeds from the Initial Notes Issue less the Unrestricted Proceeds.
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Restricted Proceeds has the meaning set forth in Section 2.3(f).
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Restricted Proceeds means, in relation to a Rig, any Insurance Proceeds or Rig Rights Proceeds relating to that Rig, if the full amount of the same exceeds the Casualty Amount;
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Restricted Proceeds means those sums deposited in the Proceeds Accounts, which constitute proceeds of the Collateral, which the Borrower is prohibited from withdrawing from the Proceeds Accounts pursuant to the terms of this Pledge Agreement, including Section 2.7.
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Restricted Proceeds means cash proceeds received by a Subsidiary of MEMC from any issuance of debt securities or any incurrence of Debt, to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of such proceeds is not at that time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary.
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Restricted Proceeds. Such monies which are not includable in Gross Receipts by reason of being in a Restricted Currency.
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