Financial Proceeds definition

Financial Proceeds means the amounts paid pursuant to Section 2.2 of this Agreement by Manitoba and Hydro to the Community to be settled on the Trustees for the benefit of the Community pursuant to this Agreement;
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Financial Proceeds means the financial proceeds (including inter alia dividends, interest, capital gains and interest rate differentials) generated by the investment of the cash available on the General Account.
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Financial Proceeds means the amounts paid pursuant to section 2.2 by Hydro and Manitoba to War Lake to be settled on the Trustees, for the benefit of War Lake pursuant to this Agreement, and any revenue derived from such amounts earned by or paid to the Mooseocoot Trust;
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Examples of Financial Proceeds in a sentence

  • Article 2 establishes the amounts to be treated as Financial Proceeds, and the effect of those payments on ongoing Manitoba programs and Hydro policies.

  • Financial Proceeds shall not be considered a substitute for Funding and Programming available to the Community and Members under the normal program criteria in effect from time to time.

  • Without limiting the generality of the indemnity provided in section 7.11, the Community hereby undertakes and agrees to indemnify and save harmless Hydro and Manitoba, in respect of any and all actions, causes of action, suits, claims, demands, losses or damages of any nature or kind whatsoever, at law or in equity, brought or instituted by any Member, caused by or attributable, in whole or in part, to the use and management of Financial Proceeds by the Community.

  • Financial Proceeds shall not be considered a substitute for funding and programming available from Manitoba or Hydro to communities, residents, or groups of residents of Manitoba, under the normal program criteria in effect from time to time.

  • A minimum sum of two million ($2,000,000.00) dollars will be set aside from the Financial Proceeds and, in accordance with the Indenture, will be preserved as capital.

  • No portion of the Financial Proceeds or payments made under Article 3 shall be used to pay fees or bonuses to any member of the Community Council, or to any advisor or legal counsel acting on behalf of the Community or the Community Council in relation to, or as payment for, work done in the settlement process.

  • Article 2 establishes the amounts to be treated as Financial Proceeds, the amounts attributed to the costs of negotiation of this Agreement, and the effect of those payments on ongoing Provincial programs and Hydro policies.

  • The Community agrees and irrevocably directs that all Financial Proceeds shall be delivered by the Community to the Trustees, to be held by the Trustees upon the terms of this Indenture.

  • The receipt, application or disbursement of the Financial Proceeds is not intended to disentitle or disadvantage the Community, Community Organizations or Residents from participating fully in, or receiving, the full benefit of any Manitoba or Hydro related business, employment or training opportunity relating to aboriginal people in northern Manitoba.

  • On or before the dates set out in the subsection 2.2.1 Financial Schedule, Manitoba covenants and agrees to pay, by cheque or bank draft payable to War Lake, the Financial Proceeds, to be paid by Manitoba, to be settled on the Trustees in accordance with the Indenture.


More Definitions of Financial Proceeds

Financial Proceeds means the financial proceeds (dividends, interest, capital gains, interest rate differentials, etc.) generated by the investment of the cash available on a Compartment Account.
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Financial Proceeds means the principal amounts paid pursuant to the Financial Schedule, and any subsequent amounts paid by Hydro to the Trust or to Canada, for the benefit of York Factory pursuant to this Agreement and any revenue derived from such amounts earned by or paid to the Trust. Financial Schedule means Schedule 1.1 to this Agreement.
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Related to Financial Proceeds

  • Capital Proceeds means the gross receipts received by the Company from a Capital Transaction.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Investment Proceeds means, with respect to any Distribution ------------------- Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1997-1 Accounts, together with an amount equal to the Series 1997-1 Investor Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).