Division of Proceeds. (a) With regard to any work or invention owned by the University and subject to the requirements of any applicable sponsored agreements, the net adjusted income shall be distributed as follows:
Division of Proceeds. From and after the date of execution of this Assignment (the "Closing Date"), all Hydrocarbons produced from the Properties on or after the Effective Time shall be owned by Assignee. In addition, subject to and in accordance with the terms and provisions of the Loan Agreement (and without in any way expanding or affecting the limited recourse of Assignor for the Indebtedness pursuant to Section 6.03 of the Loan Agreement) Assignor shall make to Assignee all payments due under the Loan Agreement through the Effective Time and the amount, if any, by which (i) 90% of the Net Operating Cash Flow (as defined in Loan Agreement) through the Effective Time but including all Net Operating Cash Flow resulting from the Hydrocarbons in tanks on the Effective Time, less (ii) cumulative Capital Expenses (as defined in the Loan Agreement) through the Effective Time, exceeds (iii) the sum of all Monthly Payment Amounts (as defined in the Loan Agreement) paid to Assignee pursuant to the terms of the Loan Agreement for all prior months.
Division of Proceeds. All net proceeds earned in connection with the Properties attributable to the period ending prior to January 1, 1998 shall be deemed to be owned by the Company. All proceeds earned in connection with the Properties attributable to the period beginning on January 1, 1998 shall be deemed to be owned by Flextrend.
Division of Proceeds. No settlement, consent judgment or other voluntary final disposition of a suit under this Article XI may be entered into without the joint consent of PNU and NeoPharm, which consent shall not be withheld unreasonably. If NeoPharm brings an action, any damages or other monetary awards recovered by NeoPharm shall be applied first to defray the costs and expenses incurred in the action. If any balance remains, NeoPharm shall pay PNU two-thirds (2/3) of such balance. If NeoPharm fails to bring action and PNU brings action any damages or other monetary awards recovered by PNU shall be applied first to defray the costs and expenses incurred in the action. If any balance remains, PNU shall pay NeoPharm one-third (1/3) of such balance.
Division of Proceeds. Each Party shall promptly notify the other Owners and each Owner's respective Mortgagee when it becomes aware of any potential or threatened Taking of all or any part of any Lot and shall promptly deliver to the others copies of all notices received in connection therewith. Each Owner shall have the right to represent its respective interest in each proceeding or negotiation with respect to a Taking or intended Taking and to make full proof of its claims, and each Mortgagee of such Owner to the extent permitted under such Mortgagee's loan documents shall have the right to appear in and prosecute in its own or in such Owner's name any proceeding or negotiation with respect to such Taking or intended Taking. No agreement, settlement, sale, or transfer to or with the condemning authority with respect to any Taking or intended Taking the aggregate proceeds of which shall be in excess of $1,500,000 shall be made without the consent of H/C I Owner and Mall I Owner or H/C I Owner and Mall I Owner, as the case may be, and their respective Mortgagees, which consent shall not be unreasonably withheld, conditioned or delayed; provided a Commercially Reasonable Owner of the Phase I Hotel/Casino, the Phase I Mall, the Phase II Hotel/Casino or the Phase II Mall, as applicable, would so consent and same would not have a Material Adverse Effect on such property, Owner or Mortgagee. Notwithstanding anything to the contrary in this Section 5, the proceeds of any aggregate condemnation award (other than with respect to the SECC or the SECC Land) in excess of $1,500,000 shall be paid to the Trustee or the Phase II Trustee, as applicable, to be held and disbursed in accordance with the provisions of Section 12 of Article X. With respect to a Taking of all or any part of either the Mall I Space and/or the Phase I Mall or the H/C I Space and/or the Phase I Hotel/Casino, if the condemning authority does not, as part of the Taking proceeding, determine the amount of condemnation proceeds payable to H/C I Owner, and the amount of condemnation proceeds payable to Mall I Owner, but rather makes a determination only as to the aggregate amount of proceeds payable to H/C I Owner and Mall I Owner in connection with the Taking, each of H/C I Owner and Mall I Owner shall receive its appropriate equitable share of such proceeds, as reasonably agreed to by H/C I Owner and Mall I Owner. H/C I Owner and Mall I Owner shall, in all of their discussions and negotiations with the condemning author...
Division of Proceeds. Section 8.1 City’s Share of Net RIN and/or LCFS Proceeds. To the extent that Bluesource shall sells any RINs and/or LCFS Credits generated from the Projects during the Term, Bluesource shall pay City City’s Share of Net RIN and or LCFS Proceeds, as defined as:
Division of Proceeds. Notwithstanding the legal priority of the liens security the Wastech Debt and the Trust Debt and as long as this Agreement is in force and effect, the Trust and Wastech agree that at all times any and all proceeds from Mineral Rights shall be distributed in the following order of priority: the first $240,000 in proceeds will be paid to the Trust, and applied to the Trust Debt; the remaining proceeds will be divided equally between the Wastech Debt and the Trust Debt until all principal and interest on the Trust Debt has been satisfied in full.
Division of Proceeds. (a) Upon and following a Wind-Up Event, the proceeds of any sale, disposition or other realization or collection by the Collateral Agent or by any Senior Secured Party upon the Shared Collateral (or any portion thereof) pursuant to the Security Documents shall be distributed in the following order of priorities: First, to the Tax-Exempt Indenture Trustee from proceeds of the Shared Collateral, any amount required to be rebated to the United States government pursuant to Section 148 of the Code in connection with any series of the Tax-Exempt Indenture Securities (to the extent not already provided for in the Tax-Exempt Indenture); Second, to the Collateral Agent, to the Indenture Trustee and the Tax-Exempt Indenture Trustee and to the IDB, ratably, from proceeds of the Shared Collateral (other than Receivables and Fuel Inventory), to the extent available, and then from Receivables and Fuel Inventory, an amount equal to the amounts due in respect of the Collateral Agent Claims, the Trustee Claims and the IDB Claims, respectively, due and payable as of the date of such distribution, provided that, prior to any such distribution to (i) the Indenture Trustee or the Tax-Exempt Indenture Trustee, the Collateral Agent shall have received a certificate signed by a Responsible Officer of the Indenture Trustee and the Tax-Exempt Indenture Trustee (as the case may be) setting forth the amount so payable to the Indenture Trustee and the Tax-Exempt Indenture Trustee (as the case may be) as of the date of such distribution and (ii) the IDB, the Collateral Agent shall have received a certificate signed by an Authorized Officer of the IDB setting forth the amount so payable to the IDB as of the date of such distribution; Third, to the Working Capital Facility Provider from the proceeds of Receivables and Fuel Inventory, an amount equal to the unpaid amount of all Financing Liabilities owed by the Company under the Working Capital Facility, provided that prior to any such distribution the Collateral Agent shall have received a certificate executed by an Authorized Representative of the Working Capital Facility Provider setting forth the amount so payable to the Working Capital Facility Provider as of the date of such distribution; Fourth, to the Senior Secured Parties (including the Working Capital Facility Provider to the extent that all amounts owed to it under the Working Capital Facility have not been repaid pursuant to paragraph Third of this Section 6.1(a)), ratably, ...
Division of Proceeds. If the Leased Property cannot be rebuilt by reason of any Laws then in effect (provided, however, that in no event shall such prohibition by any Laws relieve Tenant of any of its obligations under this Lease), the proceeds of all hazard insurance on the School Facility which is maintained by Tenant or Landlord pursuant to Section 16 shall belong to Landlord (or Mortgagee, as applicable).
Division of Proceeds. The proceeds of Landlord’s insurance for damage to the Building and any condemnation proceeds for the taking of the Building shall be the sole property of Landlord and the proceeds of Tenant’s insurance for damage to Tenant’s Property and any condemnation proceeds for the taking of Tenant’s Property shall be the sole property of Landlord. Any condemnation proceeds for Tenant’s moving costs shall be Tenant’s property and the remainder of any condemnation award not previously allocated in this paragraph shall be Landlord’s property.
