Monthly Net Proceeds definition

Monthly Net Proceeds means, as to any calendar month, the sum of all proceeds received by the Company with respect to the Designated Property during such month, minus the sum of all Partnership Contributions made during such month, but in no event below zero.
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Examples of Monthly Net Proceeds in a sentence

  • For example, if, for any reason (including the occurrence of a Force Majeure event or diminished Committed Reserves), the Gas volumes delivered by Seller in a Month are insufficient to result in Monthly Net Proceeds received by Buyer that exceed the Gathering Fees in the same Month, Seller shall be required to pay to Buyer the amount of such difference.

  • Notwithstanding the netting permitted by Buyer under Section 3.6(a) above, Seller shall always be obligated each Month to pay to Buyer the amount, if any, by which (i) the Gathering Fees for that Month exceeds (ii) the Monthly Net Proceeds for such Month.

  • As soon as practicable after the end of each calendar month, the Company shall compute Monthly Net Investment and Monthly Net Proceeds for such calendar month.

  • Any Monthly Net Proceeds allocable to Participants in accordance with Section 5.02(b) shall be paid to the Participants within ten business days from the end of such calendar month.