Xxxx Proceeds Sample Clauses

Xxxx Proceeds. The Town Bodies will make available to Developer the proceeds reasonable costs of issuance associated with the Bonds, including but not limited to underwriter fees, bond counsel fees, Developer counsel fees, local counsel fees, Town fees, Issuer counsel fees, trustee fees, municipal advisor fees, capitalized interest, and miscellaneous cost of issuance fees and (2) actual and documented amounts of hard and soft costs (as these terms are typically used in the construction industry) associated with the infrastructure constructed with each phase of Bonds and which are deposited into the construction fund of the trust indenture pertaining to the applicable phase of the Bonds (clause (2), . As the Developer
Sample 1Sample 2
AutoNDA by SimpleDocs
Xxxx Proceeds. The City Bodies will make available or loan to the Developer the proceeds of the Bonds pursuant to a funding agreement by and between the Developer and the City (the “Funding Agreement”) to pay, or reimburse Developer, for (i) costs of issuance associated with the Bonds, (ii) capitalized interest, if any, as required by the purchaser of the Bonds and (iii) hard and soft costs (as these terms are typically used in the construction industry) associated with the Project (the “Project Costs”), all as specifically set forth in the Funding Agreement.
Sample 1Sample 2
Xxxx Proceeds. The City Bodies will make available or loan to the Developer the proceeds of the Bonds pursuant to a funding agreement by and between the Developer and the City (the “Funding Agreement”) to pay, or reimburse Developer, for (i) costs of issuance associated with the Bonds, (ii) capitalized interest, if any, as required by the purchaser of the Bonds and (iii) hard and soft costs (as these terms are typically used in the construction industry) associated with development and construction of the Project (the “Project Costs”), all as specifically set forth in the Funding Agreement. Notwithstanding the foregoing, at the option of Developer, the Funding Agreement shall provide that the proceeds of the Bond will be treated as a loan that Developer is obligated to repay, the payments for which shall be forgiven as and when TIF Revenues are used for repayment of the Bonds. Notwithstanding the foregoing or anything included herein to the contrary, costs of issuance for the Bonds shall not be deemed Available Proceeds.
Sample 1Sample 2
Xxxx Proceeds. In the case a sale takes place, the gallery will pay the artist within .... (30/60) days after receiving payment from the buyer. The gallery will provide the artist with the name, address and email address of the buyer. The transfer is via wire transfer to this bank account: Beneficiary Name & Address Bank Name & Address IBAN BIC Account Number Routing Number
Sample 1
Xxxx Proceeds. The proceeds of each series of Bonds shall be deposited, held, invested, reinvested and disbursed as provided in the Fiscal Agent Agreement. The net proceeds of each series of Bonds shall be set aside under the Fiscal Agent Agreement in a separate improvement fund (the “Improvement Fund”). Moneys in the Improvement Fund shall be withdrawn therefrom, in accordance with the provisions of the Fiscal Agent Agreement, for payment of all or a portion of the costs of acquisition of the Facilities and the payment for Discrete Components thereof, all as determined by the City in consultation with the Developer and as herein provided. The City makes no warranty, express or implied, that the proceeds of the Bonds deposited and held in the Improvement Fund, along with other Funding Sources, will be sufficient for payment of the Purchase Price of the Facilities. The Developer agrees that the City shall direct the investment of the funds on deposit in the funds and accounts established by or pursuant to the Fiscal Agent Agreement, including the Improvement Fund, and that the Developer has no right whatsoever to direct investments under the Fiscal Agent Agreement. The City shall have no responsibility whatsoever to the Developer with respect to any investment of funds under the Fiscal Agent Agreement, including any loss of all or a portion of the principal invested or any penalty for liquidation of an investment. Any such loss may diminish the amounts available in the Improvement Fund to pay the Purchase Price of Facilities and Discrete Components hereunder. The Developer further acknowledges that the obligation of any owner of real property in the CFD, including the Developer to the extent it owns any real property in the CFD, to pay special taxes levied in the CFD is not in any way dependent on (i) the availability of amounts in the Improvement Fund to pay for all or any portion of the Facilities or Discrete Components thereof hereunder, or (ii) the alleged or actual misconduct of the City in the performance of its obligations under this Agreement, the Fiscal Agent Agreement, any subdivision agreement or amendment thereto or any other agreement to which the Developer and the City are signatories. The Developer acknowledges that any lack of availability of amounts in the Improvement Fund to pay the Purchase Price of Facilities or any Discrete Components thereof shall in no way diminish any obligation of the Developer with respect to the construction of or contributions ...
Sample 1
Xxxx Proceeds. The City Bodies will make available or loan to the Developer the proceeds of the Bonds pursuant to a funding agreement by and between the Developer and the City (the “Funding Agreement”) to pay, or reimburse Developer, for (i) costs of issuance associated with the Bonds, (ii) capitalized interest, if any, as required by the purchaser of the Bonds and (iii) hard and soft costs (as these terms are typically used in the construction industry) associated with development and construction of the Project (the “Project Costs”), all as specifically set forth in the Funding Agreement. Notwithstanding the foregoing, at the option of Developer, the Funding Agreement shall provide that the proceeds of the Bond will be treated as a loan that Developer is obligated to repay, the payments for which shall be forgiven as and when TIF Revenues are used for repayment of the Bonds.
Sample 1
Xxxx Proceeds. Xxxx Proceeds" means the net proceeds of all sales of CMD's Xxxx Stock during the Adjustment Period (regardless of the trade settlement date). Net proceeds will be the total of the net amount of cash received or credited for each sale transaction, plus any dividends or distributions received, less the total of any margin interest charges, margin account fees or other charges related to the borrowing of funds through a securities broker account secured by the Xxxx Stock.
Sample 1
AutoNDA by SimpleDocs

Related to Xxxx Proceeds

  • Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

  • Net Sales Proceeds In the case of a transaction described in clause (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (B) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (E) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in the last sentence of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one or more Assets within 180 days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.

  • Proceeds The Company shall use the proceeds from the issuance and sale of the Securities as set forth in “Use of Proceeds to issuer” in the Offering Circular.

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

  • Condemnation Proceeds all Condemnation Proceeds other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released to the related Mortgagor in accordance with the Servicing Standard, which proceeds shall be deposited by the Master Servicer into an Escrow Account and not deposited in the Collection Account;

  • Proceeds of Dispositions; Expenses The Debtor shall pay to the Secured Party on demand any and all expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Secured Party in protecting, preserving or enforcing the Secured Party's rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale or other disposition of the Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Secured Party may determine, proper allowance and provision being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned to the Debtor. In the absence of final payment and satisfaction in full of all of the Obligations, the Debtor shall remain liable for any deficiency.

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.

  • Distribution of Collateral Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Cash Proceeds In addition to the rights of the Collateral Agent specified in Section 4.3 with respect to payments of Receivables, all proceeds of any Collateral received by any Grantor consisting of cash, checks and other non-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for the Collateral Agent, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, unless otherwise provided pursuant to Section 4.4(a)(ii), be turned over to the Collateral Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Collateral Agent, if required) and held by the Collateral Agent in the Collateral Account. Any Cash Proceeds received by the Collateral Agent (whether from a Grantor or otherwise): (i) if no Event of Default shall have occurred and be continuing, shall be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and (ii) if an Event of Default shall have occurred and be continuing, may, in the sole discretion of the Collateral Agent, (A) be held by the Collateral Agent for the ratable benefit of the Secured Parties, as collateral security for the Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by the Collateral Agent against the Secured Obligations then due and owing.

Time is Money Join Law Insider Premium to draft better contracts faster.