Storage Monetization Sample Clauses

The Storage Monetization clause defines how parties can generate revenue from the use or allocation of storage resources. Typically, this clause outlines the terms under which storage space—such as digital data storage or physical warehousing—can be leased, sold, or otherwise monetized, including payment structures, usage limits, and responsibilities for maintenance or access. By establishing clear rules for monetizing storage, this clause helps prevent disputes over revenue sharing and ensures both parties understand their rights and obligations regarding storage assets.
Storage Monetization. Upon the occurrence of Monetization (A) if the Total Leverage Ratio at the time of Monetization is equal to or less than 2.45 to 1.00 after giving effect to the Transactions, then the Parent Borrower and its Restricted Subsidiaries shall receive cash (by means of a cash contribution to the common capital of the Parent Borrower and/or a repayment of debt owing to the Parent Borrower or any of its Restricted Subsidiaries by Storage Parent or any of its subsidiaries) in an amount equal to the lesser of (y) the net cash proceeds of such disposition received by Target or any of its Affiliates (other than any of its subsidiaries) and (z) the outstanding amount of Storage Investments immediately prior to such time and (B) if the Total Leverage Ratio at the time of such disposition is greater than 2.45 to 1.00, then the Parent Borrower and its Restricted Subsidiaries shall receive cash (by means of a contribution to its common capital and/or the repayment of debt owing to the Parent Borrower or any Restricted Subsidiary by Storage Parent or any of its subsidiaries) in an amount equal to the lesser of (y) the net cash proceeds of such disposition received by Target or any of its Affiliates (other than any of its subsidiaries) and (z) the outstanding amount of Storage Investments immediately prior to such time multiplied by two.
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Related to Storage Monetization

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  • Procurement Project not financed with EU Funds The procurement is covered by the Government Procurement Agreement (GPA): yes

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