Business Proceeds definition

Business Proceeds has the meaning specified in the recitals hereto.
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Business Proceeds all proceeds (subject to the provisions of the Management Services Agreement), Net Cash Proceeds and any other source of income or payment received by Borrower, including under the Reorganization Agreement excluding proceeds of any transaction described in the last sentence of Section 5.15.
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Examples of Business Proceeds in a sentence

  • Schedule 3.30 contains a complete and accurate list of all Persons that owe or are expected to owe Business Proceeds in excess of $25,000 as of the Closing Date.

  • If Co-Borrower, Borrower or any other Loan Party has knowledge that any Person is in receipt of Business Proceeds that would otherwise be properly deposited in the Operating Account or Royalty Account, Borrower shall promptly notify such Person and Lender in writing of such circumstance and shall direct such Person to deposit, or cause to be deposited, all such amounts in the Operating Account or Royalty Account, as applicable.

  • Each Lender severally agrees, subject to the conditions set forth in Section 3.2 hereof, to reinstate its Commitment and to make additional loans to the Borrower in an amount not to exceed each Lender's (1) pro rata share of the Cash Collateral Deposit and (2) share of the Commercial Business Proceeds actually received by such Lender.

  • If on any date any Loan Party or Co-Borrower shall receive Business Proceeds, including Net Cash Proceeds such proceeds shall be deposited into the Operating Account pursuant to this Agreement.

  • The Borrower will use (a) 50% of the Commercial Business Proceeds to reduce the principal balance of the Loans, and (b) 50% of the Commercial Business Proceeds exclusively for working capital and general corporate purposes of the Borrower and its Subsidiaries and not for any purpose that would violate the Credit Agreement.

  • Borrower is obligated to cause all Business Proceeds (as defined in the Credit Agreement, the “Business Proceeds”) to be deposited into the Operating Account (as defined in the Credit Agreement, the “Operating Account”) pursuant to Section 5.18 of the Credit Agreement.

  • With respect to Business Proceeds received directly by Co-Borrower, Borrower or any other Loan Party, Borrower or Co-Borrower shall within seven (7) Business Days deposit, or cause to be deposited, all such amounts in the Operating Account or Royalty Account, as applicable.

  • Warm Trigger Event: shall be deemed to have occurred if, as of any Monthly Required Payment Date, the total deposits of Business Proceeds made by or on behalf of Borrower into the Control Account during the three-month period ending on the immediately preceding Monthly Required Payment Date are less than 125% of the aggregate amount of total distributions from the Control Account during such period which were required pursuant to Section 2.15(c).

  • At all times, deposit, or cause to be deposited, all Business Proceeds into the Control Account; provided, that, during the one hundred twenty (120) day time period after the Closing Date (or such later day as to which Lender may agree), Borrower may continue to receive deposits into the existing bank accounts listed on Schedule 3.29 from parties with whom Borrower had pre-existing business relationships involving such existing bank accounts.

Related to Business Proceeds

  • Excess Proceeds With respect to any Liquidated Mortgage Loan, the amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage Loan received in the calendar month in which such Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of such Liquidated Mortgage Loan as of the Due Date in the month in which such Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Interest Rate from the Due Date as to which interest was last paid or for which a Periodic Advance was made (and not reimbursed) up to the Due Date applicable to the Distribution Date immediately following the calendar month during which such liquidation occurred.

  • Loss Proceeds means insurance proceeds, condemnation awards or other compensation, awards, damages and other payments or relief (exclusive, in each case, of the proceeds of liability insurance and business interruption insurance and other payments for interruption of operations) with respect to any Event of Loss.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Gross Proceeds means a share of the gross production of oil, gas, condensate, and natural gas liquids free of any and all cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, marketing, or pipeline construction and maintenance.

  • Net Loss Proceeds means the aggregate cash proceeds received by ▇▇▇▇ Las Vegas or any of the Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds from condemnation awards or damages awarded by any judgment, net of: