Common use of Net Refinancing Proceeds Clause in Contracts

Net Refinancing Proceeds. The proceeds realized by the Partnership upon any refinancing of a Partnership indebtedness, net of expenses incident to such refinancing and satisfaction of any indebtedness being refinanced and any right of any other creditor of the Partnership (other than on account of a Partners' Loan or Partners' Priority Loan) or any tenant to receive such proceeds or a portion thereof for repayment of indebtedness or as additional interest.

Net Refinancing Proceeds. The proceeds realized by the Partnership upon any refinancing of a any Partnership or Operating Partnership indebtedness, net of expenses incident to such refinancing and satisfaction of any indebtedness being refinanced and any right of any other creditor of the Partnership (other than on account of a Partners' Loan or Partners' Priority Loan) or any tenant an Operating Partnership to receive such proceeds or a portion thereof for repayment of indebtedness or as additional interestproceeds.