Disposition Net Proceeds definition

Disposition Net Proceeds means, with respect to any Disposition, the proceeds in Cash received by any of the Borrowers upon or simultaneously with such Disposition, net of (i) direct costs of such Disposition, (ii) any taxes paid or payable by the recipient of such proceeds, and (iii) amounts required to be applied to repay any Indebtedness secured by a lien on the asset which is the subject of the Disposition.
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Disposition Net Proceeds means, with respect to any Disposition, the net proceeds received by the Company or any Subsidiary (after deduction for all related taxes and expenses) which are, within 180 days of such Disposition neither (i) reinvested in the same type of property, assets or business as the type that is the subject of such Disposition nor (ii) used to pay (in permanent reduction thereof) Indebtedness of the Company or such Subsidiary.
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Disposition Net Proceeds. With respect to any Existing Loan, the excess of (a) the total cash and non-cash consideration paid to the Purchaser (net of accrued interest) by a purchaser of the Existing Loans over (b) the sum of (i) the aggregate purchase price paid to the Seller pursuant to Article III hereof for the Excess Yield and Servicing Rights with respect to such Existing Loan, plus (ii) the purchase price paid by the Purchaser to the Seller for such Existing Loan under the Original Agreement minus (iii) any payments of principal received by the Purchaser with respect to such Existing Loan from and after the related cut-off date under the Original Agreement.
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Examples of Disposition Net Proceeds in a sentence

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, the Release Price set forth on Schedule 8.5(a) to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds or Refinancing Proceeds (other than proceeds of Permitted Refinancing Indebtedness), Borrower shall apply the greater of 90% of such proceeds or, with respect to asset dispositions, an amount equal to the outstanding balance of the Loan to prepay the Loan on the Business Day on which such Asset Disposition Net Proceeds or Refinancing Proceeds are received by such Loan Party.

  • The Purchaser acknowledges that the Seller has made certain contacts and tentative arrangements with potential purchasers of the Existing Loans, and agrees that it shall pay to the Seller a fee (such fee, the "Sales Commission") equal to (a) in the case of Existing Conventional Loans, (i) 85% of the Disposition Net Proceeds with respect to a sale to First Plus Financial Group, Inc.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

  • In the event of receipt by any Borrower Group Member of Asset Disposition Net Proceeds, the Borrower shall prepay the Loan (together with interest accrued on the portion of the Loan prepaid, including Deferred Interest allocable to the portion of the Loan prepaid) and the Additional Fee associated with such prepayment on the Business Day on which such Asset Disposition Net Proceeds are received.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not used within 180 days of receipt for the purchase of Equipment from Nortel or, to the extent permitted herein, any other Person, in which Equipment the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 180 day period in an amount equal to all such proceeds not so used.

  • The aggregate Net Proceeds of all Dispositions made during the term of the Loan Agreement are described as follows: Disposition Net Proceeds __________________________________________________$____________ __________________________________________________$____________ __________________________________________________$____________ __________________________________________________$____________ Total ____________________________________________$__________ Section 6.12 - Tangible Net Worth.

  • In the event of receipt by any Loan Party of Asset Disposition Net Proceeds that are not reinvested within two hundred ten (210) days of receipt in Telecommunications Assets in which the Administrative Agent for the benefit of the Secured Parties has a first priority perfected security interest, the Borrower shall prepay the Loan on the next Business Day following the end of such 210 day period in an amount equal to all such proceeds not so used.

Related to Disposition Net Proceeds

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Net Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of:

  • Disposition Fee shall have the meaning set forth in Section 8.03.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of