Auction Proceeds definition

Auction Proceeds means, with respect to a Collection Period, all amounts received by the Servicer in connection with the sale or disposition of any vehicle which is sold at auction or otherwise disposed of by the Servicer during such Collection Period, other than Insurance Proceeds.

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Auction Proceeds means the portion of the proceeds of the Auction of a Class allocable to a Certificate of such Class.

Auction Proceeds means all monies at any time during the Trust Period payable or becoming payable to the Member under Auction Rules by an Issuer or by Lloyd’s as legal owner of the Lloyd’s Auction Settlement Account (including any such amount so payable or becoming payable to the Member in the capacity of an Issuer and belonging beneficially to it) and includes

Examples of Auction Proceeds in a sentence

If the Servicer sells or otherwise disposes of a Matured Vehicle after having made a Sales Proceeds Advance, the Servicer may retain the Net Auction Proceeds up to the amount of the Securitization Value of the related 2026-A Lease and the Residual Value Surplus, if any, will be deposited into the 2026-A Series Collection Account.
If the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuing Entity shall have no claim against or interest in such Matured Vehicle or any Net Auction Proceeds resulting from the sale or other disposition thereof, except with respect to any related Residual Value Surplus.
If the Net Auction Proceeds are less than the Sales Proceeds Advance of the related 2026-A Lease, or if a Sales Proceeds Advance is outstanding for more than ninety days, the Servicer shall be reimbursed therefor in accordance with Section 8.03(a)(iii) hereto.

More Definitions of Auction Proceeds

Auction Proceeds. The portion of the proceeds of an auction of a Class allocable to a Certificate of such Class as set forth in the Auction Administration Agreement.

Auction Proceeds means, with respect to any Series 1996-1 Leased Vehicle which is sold at auction or otherwise disposed of by the Administrative Agent on behalf of FCTT, all amounts received by the Administrative Agent in connection with such sale or disposition; provided, that if RCL Trustee exercises the purchase option pursuant to Section 9.1 of the Program Operating Lease, the "Auction Proceeds" shall mean the related RCL Purchase Option Price.

Auction Proceeds means the amount paid by the purchaser of a Property who acquired the Property at the foreclosure auction held after Defendants' foreclosure of the Property.

Auction Proceeds means the proceeds payable to Buyer or its designee as a result of Buyer’s successful bid to tender the license for KWHY-TV, Los Angeles, CA in the reverse portion of the FCC’s broadcast incentive auction, which concluded April 13, 2017.

Auction Proceeds means all net Cash proceeds and other consideration deliverable to the Debtors upon consummation of the Auction in accordance with the Plan, the Auction Procedures, and the Confirmation Order.

Auction Proceeds means, with respect to any Series 2000-1 Leased Vehicle which is sold at auction or otherwise disposed of by the Administrative Agent on behalf of the related Titling Company (other than a sale to the related Dealer upon exercise of the Dealer Purchase Option), all amounts received by the Administrative Agent in connection with such sale or disposition

Auction Proceeds means net Cash and non-cash consideration available to the Debtors as a result of the Auction.