Expropriation Proceeds definition

Expropriation Proceeds means any proceeds received by the Borrower as a result of the occurrence of an Expropriation Event.

Expropriation Proceeds means all value (whether in the form of money, securities, property or otherwise) paid by any Governmental Authority or other person to any member of NEXT Group as compensation for or in respect of an Expropriation. External Local Partner shall have the meaning given to it in the definition of Local Partner Entity.

Expropriation Proceeds means, with respect any Expropriation Event, any condemnation awards or other compensation, awards, damages and other payments or relief paid or payable by a Governmental Authority with respect to such Expropriation Event.

Examples of Expropriation Proceeds in a sentence

• The COFACE Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Loan under Clause 7.3 (Voluntary prepayment) or Clause 8.2 (Insurance, Capital Raising and Expropriation Proceeds).

• Upon the occurrence of a Luannan Event of Loss or a Luannan Expropriation Event for which the Luannan Casualty Proceeds or Luannan Expropriation Proceeds and repayments of the Issuer Loan and the Shareholder Loans exceed the aggregate principal amount of the outstanding Senior Secured Notes, and any applicable interest thereon, the Issuer may, at its option, determine not to rebuild, repair or restore the Luannan Facility.

• The amount of the Luannan Casualty Proceeds or Luannan Expropriation Proceeds and repayments of the Issuer Loan and the Shareholder Loans resulting from such Luannan Event of Loss or Luannan Expropriation Event will be applied to the redemption of the Senior Secured Notes.

• If the Shareholder exercises that option in accordance with Clause 10.7 (Exercise of Termination Option), then: in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property shall be valued at "Government Default Purchase Price – Expropriation", which equals to – the Government Default Purchase Price - Non-Expropriation; minus Other Expropriation Proceeds.

• Notwithstanding anything to the contrary contained herein, the rights of CPR San German and/or Purchaser to prosecute any action, enter into any settlement and/or receive any Expropriation Proceeds shall be subject to rights of Lender under the Loan Documents.

More Definitions of Expropriation Proceeds

Expropriation Proceeds has the meaning set forth in Section 9.05(2)(a).

Expropriation Proceeds has the meaning set forth in paragraph (a) of Clause Eighteenth hereof.

Expropriation Proceeds means all insurance proceeds or other amounts (including instruments) actually received on account of an Expropriation Event (after deducting all reasonable expenses incurred in litigating, arbitrating, compromising, settling or consenting to the settlement of any claims against the appropriate Governmental Authority).

Expropriation Proceeds means all amounts and proceeds actually received in connection with any Expropriation Event.

Expropriation Proceeds means, with respect to any Person, all condemnation awards or other compensation, awards, damages and other payments or relief with respect to: (a) any Expropriation Event, (b) any assumption by a Governmental Authority of control of all or any portion of the Property or business operations of such Person, (c) any action by a Governmental Authority for the dissolution or disestablishment of such Person or (d) any action by a Governmental Authority that would prevent such Person from carrying on its business or operations or a substantial part thereof.

Expropriation Proceeds has the meaning set forth in Section 9.05(2)(a). “Fair Market Value”, as at any date, means:

Expropriation Proceeds means all amounts and proceeds that the Lessor and owner of the Leased Premises receive in respect of the expropriation (after relevant taxes and expenses). The remaining amounts after payment to ALLY shall be distributed to the Lessor.“Compensation” = Expropriation Proceeds multiplies by the total value of the remaining leasehold of the Leased Premises (income approach) as of the expropriation date, and divides by the total value of the freehold of the Leased Premises (income approach) as of the expropriation date.The total compensation shall not exceed the total value of the remaining leasehold of the Leased Premises (income approach) as of the expropriation date.2. Where part of the Leased Premises is subject to expropriation, and ALLY deems that the condition of the Leased Premises is still suitable for use and in line with the purposes stipulated herein, the Lessor shall pay the compensation to ALLY, which shall be calculated based on the following methods:“Compensation” = Expropriation Proceeds multiplies by the total value of the remaining leasehold of the expropriated part of the Leased Premises (income approach) as of the expropriation date, and divides by the total value of the freehold of the expropriated part of the Leased Premises (income approach) as of the expropriation date.The total compensation shall not exceed the total value of the remaining leasehold of the expropriated part of the Leased Premises (income approach) as of the expropriation date. The compensation shall be treated as final compensation that ALLY may receive in this instance, and the agreement shall continue to be in full force and effect.3. Lessor shall pay the compensation to ALLY immediately upon the Lessor’s and/or the owner of the Leased Premises’ receipt of the expropriation proceeds from the relevant authority.4. The valuation of the leasehold and freehold in 1 and 2 shall be conducted by the appraiser that is approved by the Office of the Securities and Exchange Commission based on income approach. In case there are more than one appraiser, the parties agree to use the average value rendered by the appraisers.5. Where the expropriation proceeds are lower than the market value of the Leased Premises, upon receipt of ALLY’s request, the Lessor agrees to cooperate with ALLY in appealing the expropriation proceeds to the competent authority and/or performing any reasonable act as to be notified by ALLY. Taxes and fees 1. Lessor shall be responsible for any fee, tax, an...