Net Auction Proceeds definition

Net Auction Proceeds means Auction Proceeds net of related Disposition Expenses and, in the case of a Matured Vehicle, any outstanding Sales Proceeds Advance.
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Net Auction Proceeds means the Net Cash Proceeds of any Specified Asset Sale.
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Net Auction Proceeds means the Net Cash Proceeds of any Specified Asset Sale. “Specified Asset Sales” means the sale of the properties listed on Schedule 1.01(d) attached hereto. “Workers’ Comp and BIPD Escrow Account Agreement” means any escrow account agreement established pursuant to the terms of this Agreement, by and among the Company, the Administrative Agent and JPMorgan Chase Bank, National Association, as Escrow Agent thereunder, all in form and substance reasonably satisfactory to the Administrative Agent as the same may be
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Examples of Net Auction Proceeds in a sentence

  • If the Servicer sells or otherwise disposes of a Matured Vehicle after having made a Sales Proceeds Advance, the Servicer may retain the Net Auction Proceeds up to the amount of the Securitization Value of the related 2026-A Lease and the Residual Value Surplus, if any, will be deposited into the 2026-A Series Collection Account.

  • If the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuing Entity shall have no claim against or interest in such Matured Vehicle or any Net Auction Proceeds resulting from the sale or other disposition thereof, except with respect to any related Residual Value Surplus.

  • If the Net Auction Proceeds are less than the Sales Proceeds Advance of the related 2026-A Lease, or if a Sales Proceeds Advance is outstanding for more than ninety days, the Servicer shall be reimbursed therefor in accordance with Section 8.03(a)(iii) hereto.


More Definitions of Net Auction Proceeds

Net Auction Proceeds means, with respect to any Series 2000-1 Leased Vehicle which is sold at auction or otherwise disposed of by the Administrative Agent (other than a sale to the related Dealer upon exercise of the related Dealer Purchase Option, a sale to the related Lessees or a sale of any Series 2000-1 Leased Vehicle the related Series 2000-1 Lease of which became a Liquidated Lease), the related Auction Proceeds, minus the customary and usual costs incurred by the Administrative Agent in connection with the sale; provided that if RCL Trust 2000-1 exercises the purchase option pursuant to Section 9.1 of the Program Operating Lease with respect to any Series 2000-1 Leased Vehicle, the "Net Auction Proceeds" with respect to such Series 2000-1 Leased Vehicle shall mean the related Transferor
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