Common use of Net Refinancing Proceeds Clause in Contracts

Net Refinancing Proceeds. “Net Refinancing Proceeds” shall mean the gross principal amount of any Financing Event after the date of this Contract, minus (i) the principal amount of Concessionaire’s existing financing, (ii) Improvement Costs incurred by Concessionaire and not paid for or repaid with the proceeds of any Financing Event and (iii) Documented Transaction Costs with respect to such Financing Event.

Net Refinancing Proceeds. “Net Refinancing Proceeds” shall mean the gross principal amount of any Financing Event after the date of this ContractEffective Date, minus (ia) the principal amount of Concessionaire’s existing financing, (ii) Improvement Costs incurred by Concessionaire and not paid for or repaid with the proceeds of any Financing Event and (iii) Documented Transaction Costs with respect to such Financing Event.greatest of

Net Refinancing Proceeds. “Net Refinancing Proceeds” shall mean the gross principal amount of any Financing Event after the date Effective Date as described in Section 4.8 above for which a Net Proceeds Share may be owed, plus in the case of this Contractsecondary financing the original principal balance of any existing financing that is not repaid as a part of such secondary financing, minus (i) the principal amount greatest of Concessionaire’s existing financing, (iia) Improvement Costs incurred by Concessionaire and not paid for or repaid with the proceeds of any Financing Event and (iii) Documented Transaction Costs with respect to such Financing Event.Base Value,