Net Capital Event Proceeds definition

Net Capital Event Proceeds means, with respect to any Partnership Asset (or portion thereof), the proceeds, if any, with respect to a Capital Transaction related to such Partnership Asset, net of (a) any costs and expenses incurred in connection with such Capital Transaction, (b) any of such proceeds which are used to repay indebtedness, (c) any insurance proceeds applied to restoration, repair or rebuilding, and (d) any proceeds of business interruption insurance, and after setting aside appropriate reserves, as determined by the General Partner in its sole and absolute discretion.
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Net Capital Event Proceeds means, with respect to any fiscal period, the amount of net proceeds from receipt of funds derived from the sale of an asset held for more than one year. Net Capital Event Proceeds shall not include any profits that are tax deferred as a result of exchanges under IRC Section 1031 or investments in Opportunity Zones that have the effect of deferring taxes.
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Net Capital Event Proceeds means the total amount of cash proceeds of a Capital Event actually received by the Company less all transaction costs, fees and applicable taxes payable by the Company or subject to withholding by the Company; provided, however, that if a Capital Event results in a Liquidation, the Net Liquidation Proceeds shall be the Net Capital Event Proceeds in such case. If the Company receives proceeds of a Capital Event in a form other than cash, the Company may convert such consideration to cash in determining the Net Capital Event Proceeds; provided, however, that if such consideration is in the form of digital assets capable of being distributed pro rata to Tokens Holders, the Company may elect to include such assets in Net Capital Event Proceeds without conversion.
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Examples of Net Capital Event Proceeds in a sentence

  • Subject to the provisions of Sections 5.3, 5.4, 8.6(b), 11.6(d) and 13.2, the General Partner shall cause the Partnership to distribute to the Partners as of the applicable Partnership Record Date, at such times as the General Partner shall determine, amounts of Available Operating Cash, Net Sales Proceeds and Net Capital Event Proceeds in the manner set forth in this Section 5.1.

  • Any Net Capital Event Proceeds in excess Net Sales Proceeds of shall be distributed to the Partners as determined by the General Partner in its sole and absolute discretion in accordance with their respective Percentage Interests as of the applicable Partnership Record Date.

  • Net Capital Event Proceeds, however, are generated by events such as sales of Members‘ interests in the Company, a sale of the Property, and loan refinancing, none of which occurred during the relevant period.

  • The Bonds shall be subject to mandatory redemption, in whole [or in part], on any date, at a redemption price equal to 100% of the principal amount thereof plus accrued interest to the redemption date, from [Net Capital Event Proceeds].

  • As noted in Section I.B.7.b supra, PWA tendered the same quarterly Asset Management Fees to Curo Enterprises when it replaced NDC Capital as the Asset Manager, but Curo Enterprises refused to accept the payment.Section 8.3(c), however, limits the payment of Asset Management Fees ―to the extent of available Net Cash Flow from Operations and Net Capital Event Proceeds, after payment of all outstanding third party debts and liabilities of the Company then due and payable, in accordance with .

  • Upon the occurrence of a 100% Property Refinancing or the disposition of a 100% Property, Borrower shall make a mandatory prepayment of the Loan in an amount equal to the sum of (i) the amount of the Net Capital Event Proceeds from such event, plus (ii) the amount of Distributed Reserve Funds received in connection with such event.

  • To the extent permitted by applicable Law and hereunder, Distributions of Net Capital Event Proceeds shall be made to the Members on each Common Unit as of the close of business on such record date on a pro rata basis in accordance with each Member’s Percentage Interest as of the close of business on such record date.

  • Operating Agreement §§ 5.2(c)-(d) (―Net Cash Flow from Operations and Net Capital Event Proceeds shall be applied and distributed .

  • Section 8.3(c) also states that Net Capital Event Proceeds can fund the Asset Management Fees.

  • Lastly, Net Capital Event Proceeds are net of (x) any amount necessary to pay any capital gains tax due to the federal or state government as mutually agreed by Newco and Lender and (y) any net sales proceeds and net refinancing proceeds required to be applied to satisfy debt on the Properties.


More Definitions of Net Capital Event Proceeds

Net Capital Event Proceeds means the proceeds received by the Company in connection with a Capital Event less: (i) the amount required to be paid by the Company in reduction of prior loans or liens upon Company property; (ii) costs incurred by the Company in connection with such Capital Event; and (iii) Reserves for the Company as determined by the Manager. “Net Cash Flow” of the Company as determined for any period shall be computed by deducting from the gross revenues received by the Company during such period from all sources all of the following items: (a) all operating expenses of the business accrued or payable during such period and other fees, taxes, and insurance premiums, but excluding depreciation and amortization allowances, (b) interest and principal payments on indebtedness of the Company (including loans by Members made in accordance with this Agreement) accrued during such period, (c) proceeds received during such period from borrowings, (d) additions to Reserves, and (e) Capital Contributions in the form of cash or cash equivalents received during such period. “Net Loss” means, with respect to a Fiscal Year, the excess if any, of Losses for such Fiscal Year over Profits for such Fiscal Year (excluding Profits and Losses specially allocated pursuant to Section 5.03 and Section 5.04). “Net Profit” means, with respect to a Fiscal Year, the excess if any, of Profits for such Fiscal Year over Losses for such Fiscal Year (excluding Profits and Losses specially allocated pursuant to Section 5.03 and Section 5.04). “Officer” has the meaning set forth in Section 6.01(b). “Original Member” has the meaning set forth in the recitals to this Agreement.
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Net Capital Event Proceeds means (a) net proceeds received by a 100% Property fee owner from the disposition of a 100% Property or from a 100% Property Refinancing, and (b) net proceeds received by a Property fee owner of a Property that is not a 100% Property from the disposition of such Property or from a Property Refinancing with respect to such Property to the extent such net proceeds described in clauses (a) or (b) are then distributed, remitted or otherwise paid to (i) the Borrower, (ii) a Wholly Owned Subsidiary which is a direct or indirect parent of such Property fee owner, and/or (iii) a Subsidiary Controlled by Borrower which is also a direct or indirect parent of such Property fee owner (it being acknowledged that for any Subsidiary described in clause (iii), for each such distribution, remittance or payment thereto, Net Capital Event Proceeds shall only refer to the portion thereof to which Borrower or a Wholly Owned Subsidiary is entitled pursuant to the organizational documents of such Subsidiary), and which for both (a) and (b) in this paragraph constitute proceeds after having deducted therefrom in each such case, (i) mortgage loan payoff(s), (ii) broker fees, (iii) third party costs and expenses (including, without limitation, legal fees and closing costs), (iv) disposition and other fees which may be due to a direct or indirect member, partner or shareholder in the Property fee owner that is not Borroweror a Wholly Owned Subsidiary, (v) amounts set aside as holdbacks or reserves with respect to the Property in question (which holdback or reserve amounts may be held by Borrower or a Wholly Owned Subsidiary in depository accounts separate from the Designated Deposit Account without constituting Net Capital Event Proceeds hereunder), (vi) amounts which the Property fee owner is prohibited from distributing by reason of restrictions contained in any documents or instruments evidencing or securing a mortgage financing relating to the Property in question or any regulatory agreements entered into with the Secretary of Housing and Urban Development (or similar arrangements) in connection therewith, and (vii) other amounts owed by the Property fee owner on account of its Debts and other liabilities.
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Net Capital Event Proceeds means (a) net proceeds received by a 100% Property fee owner from the disposition of a 100% Property or from a 100% Property Refinancing, and (b) net proceeds received by a Property fee owner of a Property that is not a 100% Property from the disposition of such Property or from a Property Refinancing with respect to such Property to the extent such net proceeds described in clauses (a) or (b) are then distributed, remitted or otherwise paid to (i) the Borrower, (ii) a Wholly Owned Subsidiary which is a direct or indirect parent of such Property fee owner, and/or (iii) a Subsidiary Controlled by Borrower which is also a direct or indirect parent of such Property fee owner (it being acknowledged that for any Subsidiary described in clause (iii), for each such distribution, remittance or payment thereto, Net Capital Event Proceeds shall only refer to the portion thereof to which Borrower or a Wholly Owned Subsidiary is entitled pursuant to the organizational documents of such Subsidiary), and which for both (a) and (b) in this paragraph constitute proceeds after having deducted therefrom in each such case, (i) mortgage loan payoff(s), (ii) broker fees, (iii) third party costs and expenses (including, without limitation, legal fees and closing costs), (iv) disposition and other fees which may be due to a direct or indirect member, partner or shareholder in the Property fee owner that is not Borrower
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Net Capital Event Proceeds means the aggregate pre-tax, net proceeds (e.g., after repayment of debt and payment of closing expenses) that the Owners receive on account of their Ownership Interests in connection with the applicable Capital Event.
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Net Capital Event Proceeds means the proceeds received by the Company in connection with a Capital Event less: (i) the amount required to be paid by the Company in reduction of prior loans or liens upon Company property; (ii) costs incurred by the Company in connection with such Capital Event; and (iii) Reserves for the Company as determined by the Manager.
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Related to Net Capital Event Proceeds

  • Capital Event means and includes: (i) any transaction involving the sale, exchange or other disposition of the Project or the Company (but excluding any incidental sales or exchanges of tangible personal property and fixtures), (ii) any financing, refinancing or borrowing secured by the Project or the Company, and (iii) any condemnation or recovery of damage awards and property insurance proceeds (excluding proceeds from any rent or business interruption insurance).

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.