Available Proceeds definition

Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

Available Proceeds means with respect to a Liquidation Event or Enforcement Event, all sums derived from a liquidation of the Collateral for the Notes, any amount paid by the Swap Counterparty to the Issuer as a result of the termination of all outstanding Swap Transactions under the Swap Agreement (if any) relating to the Notes, any amounts realised by the Trustee on enforcement of Security and all other sums available to the Issuer or the Trustee, as the case may be, derived from the Mortgaged Property for such Series.

Available Proceeds means the amount of the award paid to Landlord, less cost of obtaining the same (including attorneys’ fees and appraisal fees) and less the amount thereof required to be paid to a mortgagee or ground lessor. In the event Landlord fails to commence restoration of the Project and/or the Premises within sixty (60) days after the taking, Tenant shall have the right to terminate the Lease upon sixty (60) days’ prior written notice to Landlord.

Examples of Available Proceeds in a sentence

• If, after (i) the Managers’ Secured Property is exhausted and (ii) application of the Managers’ Available Proceeds relating to the Managers’ Security, as provided in Condition 16 (Application of Available Proceeds or Managers’ Available Proceeds), any outstanding claim, debt or liability against the Issuer in relation to the Managers’ Security remains unpaid, then such outstanding claim, debt or liability, as the case may be, shall be extinguished and no debt shall be owed by the Issuer in respect thereof.

• Limited Recourse to the Mortgaged PropertyThe obligations of the Issuer to pay any amounts due and payable in respect of the Notes and to the other Secured Creditors at any time in respect of the Notes shall be limited to the proceeds available out of the Mortgaged Property in respect of such Notes at such time to make such payments in accordance with Condition 16 ( Application of Available Proceeds or Managers’ Available Proceeds).

• The Notes are secured, limited recourse obligations of the Issuer, at all times ranking pari passu and without any preference among themselves, secured in the manner described in Condition 5 (Security) and recourse in respect of which is limited in the manner described in Conditions 16 (Application of Available Proceeds or Managers’ Available Proceeds), 17 (Enforcement of Rights or Security) and 18(a) (General Limited Recourse).

More Definitions of Available Proceeds

Available Proceeds means the amount of Cash received at any time by Old CNC from its liquidation of Residual Assets, after the payment in full in Cash of (a) the reasonable costs and expenses associated with the liquidation (including, without limitation, the payment of any taxes, assessments, insurance premiums, repairs, legal fees and costs, rent, storage and sales commissions), and (b) if applicable, the reasonable costs and expenses associated with the Residual Trust.

Available Proceeds means, without duplication, the aggregate amount of any Excess Proceeds (as defined in the Secured Indenture or the Unsecured Indenture) that remain unapplied after compliance with the "Asset Sale Offer" provisions of Section 4.09(c) of each of the Secured Indenture and the Unsecured Indenture (and any similar asset sale offer provisions of any other documentation governing Indebtedness of the Borrower or any of its Subsidiaries).

Available Proceeds means the sum of (i) the total aggregate amount of insurance coverage under all of Seller’s policies of insurance that are applicable to the Purchased Assets that were damaged or destroyed by the relevant Casualty during the Interim Period, plus (ii) the amount (or value, if provided in the form of property or repair assistance) of assistance that Seller has been provided (or that has been committed to be provided to Seller) in any form (including cash grant, property, or repair assistance) by any Person (including the Federal Emergency Management Agency of the United States or any other Governmental Authority) that may be used by Seller to cure such Casualty in accordance with the provisions of Section 6.18, plus (iii) the amounts recovered or recoverable by Seller from Customers for storm restoration in accordance with Seller’s Past Practice during similar Casualty events.

Available Proceeds has the meaning defined in Section 5.2.3.4;

Available Proceeds means, in respect of a Series (and subject to Condition 7.2.5, if applicable):

Available Proceeds means the face amount of the Bankers' Acceptance less the applicable Discount Amount and the Stamping Fee.

Available Proceeds means the amount of the award paid ------------------ to Landlord, less cost of obtaining the same (including attorneys' fees and appraisal fees) and less the amount thereof required to be paid to a mortgagee or ground lessor.