Borrowed Proceeds definition
Borrowed Proceeds refers to the cash proceeds SpinCo receives from external borrowing prior to the Distribution to fund its operations and to make the Borrowed Proceeds Distribution.
Examples of Borrowed Proceeds in a sentence
Other Bond Borrowed Proceeds Funds Equity Total -------- -------- ------ ----- Acquisition of Land $ 200,000 -- $ 805,750 $1,005,750 New Construction 4,048,300 -- 755,950 4,804,250 Acquisition of New Equipment -- -- -- -- Costs of Issuance 86,700 103,300 190,000 ----------- -------- --------- ----------- Total $4,335,000 -- $1,665,000 $6,000,000 B-1 EXHIBIT C FORM OF DISBURSEMENT REQUEST ---------------------------- STATEMENT NO.