Net Liquidation Proceeds Sample Clauses
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Net Liquidation Proceeds. Without limiting any other provision of this Agreement, if a Liquidation Event occurs, Borrower shall cause the resulting Net Liquidation Proceeds (other than Net Proceeds to the extent described in Section 2.4.2 above) which are actually received by Borrower to be paid to Lender. On the next occurring Payment Date following the date on which Lender actually receives any such Net Liquidation Proceeds, Borrower is hereby deemed to have authorized Lender to apply such Net Liquidation Proceeds as a prepayment of the Debt in an amount equal to one hundred percent (100%) of such Net Liquidation Proceeds.
Net Liquidation Proceeds. Liquidation Proceeds, net of (1) unreimbursed, reasonable out-of-pocket expenses and (2) unreimbursed Servicing Fees, Servicing Advances and Advances.
Net Liquidation Proceeds. Net Mortgage Interest Rate or NMR............................................
Net Liquidation Proceeds. 26 Net Monthly Excess Cashflow.............................................26
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Net Liquidation Proceeds. 14 Net Matured Leased Vehicle Proceeds . . . . . . . . . . . . . . . . . . . 14
Net Liquidation Proceeds. The term “Net Liquidation Proceeds” means the amount of money, the principal amount of any indebtedness due to the Company and the fair market value of any and all other property distributed to the Members, reduced by any liabilities of the Company that are assumed by such Members or which are secured by any property that is distributed by the Company to such Members.