Eligible Proceeds definition

Eligible Proceeds means, for each relevant Interest Payment Date, the net proceeds (after deducting underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Company has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Qualifying APM Securities (excluding sales of Qualifying Preferred Stock in excess of the Preferred Stock Issuance Cap) to Persons that are not the Company’s Subsidiaries.
Eligible Proceeds means, with respect to any Interest Payment Date, the net proceeds (after underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Company has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Qualifying APM Securities (excluding sales of Qualifying Preferred Stock and Mandatorily Convertible Preferred Stock in excess of the Preferred Stock Issuance Cap) to Persons that are not Subsidiaries.
Eligible Proceeds means an amount (other than an amount that was deducted under paragraph 60(l) in computing the Eligible Individual’s income) received by an Eligible Individual as a consequence of the death after March 3, 2010 of a parent or grandparent of the Eligible Individual that is

Examples of Eligible Proceeds in a sentence

  • The policy proceeds and all policy values will be reduced by the percentage of the Eligible Proceeds you elect to accelerate.

  • You may not have more than$200,000 of Eligible Proceeds paid as an accelerated benefit.

  • The Eligible Proceeds that are to be paid as an accelerated benefit must be at least $5,000.

  • You may combine all policies that you have in force with us to satisfy these minimums.You may not have more than 50% of your Eligible Proceeds paid as an accelerated benefit.

  • The Eligible Proceeds are the death benefits of the policy (or combined policies) less any decreasing term riders and level term riders that will terminate within one year.


More Definitions of Eligible Proceeds

Eligible Proceeds means, with respect to any Interest Payment Date, the net proceeds (after underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Company has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Common Stock up to the Maximum Share Number or Preferred Stock up to the Preferred Stock Issuance Cap to Persons that are not Subsidiaries.
Eligible Proceeds means, with respect to any Interest Payment Date, the net proceeds (after underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Company has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Qualifying Warrants or Preferred Stock up to the Preferred Stock Issuance Cap to Persons that are not Subsidiaries.
Eligible Proceeds means the amount we would pay under this policy at the death of the Claimant, excluding any Accidental Death Benefit, subject to a maximum of $250,000 for the total of all of our policies or certificates covering the Claimant. Any adjustment which would be made to the amount payable at the death of the insured, as described in the policy, will also be made to the Eligible Proceeds.
Eligible Proceeds means, for each relevant Interest Payment Date, the net proceeds (after deducting underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Issuer has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Qualifying APM Securities (excluding sales of Qualifying Non-Cumulative Preferred Shares and Mandatorily Convertible Preferred Shares in excess of the Preferred Shares Issuance Cap) to Persons that are not Subsidiaries.
Eligible Proceeds means, with respect to any Interest Payment Date, the net proceeds (after underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Company has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of the Company’s common stock or non-cumulative perpetual preferred stock.
Eligible Proceeds are the proceeds of the Advance that you have directly spent (after settlement and without any refund) in the Currency with a Preferred Vendor (as we determine based on the date you spent such proceeds)
Eligible Proceeds means, with respect to any Interest Payment Date, the net proceeds (after underwriters’ or placement agents’ fees, commissions or discounts and other expenses relating to the issuance or sale) the Corporation has received during the 180-day period prior to such Interest Payment Date from the issuance or sale of Common Stock or Qualifying Warrants up to the Maximum Share Number, Qualifying Preferred Stock up to the Preferred Stock Issuance Cap or Mandatorily Convertible Preferred Stock up to the Maximum Share Number or the Preferred Stock Issuance Cap to Persons that are not Subsidiaries.