Net Cash From Sales or Refinancings means the net cash proceeds from all sales and other dispositions (other than in the ordinary course of business) and all refinancings of Property, less any portion thereof used to establish reasonable reserves, all as determined by the Manager. "Net Cash From Sales or Refinancings" shall include all principal and interest payments with respect to any note or other obligation received by the Company in connection with sales and other dispositions (other than in the ordinary course of business) of Property.
Net Cash From Sales or Refinancings means the net cash proceeds from all sales and other dispositions (other than in the ordinary course of business) and all refinancings of Company Property, less any portion thereof used to establish reserves, all as determined by the Manager, and shall include all principal and interest payments with respect to any note or other obligation received by the Company in connection with sales and other dispositions (other than in the ordinary course of business) of Company Property.
Net Cash From Sales or Refinancings means the net cash proceeds ----------------------------------- from all sales and other dispositions (other than in the ordinary course of business) and all refinancings of property, less any portion thereof used to establish reserves, all as determined by the Manager, subject to the reasonable approval of all of the Members. Net Cash From Sales or Refinancings shall include all principal and interest payments with respect to any note or other obligation received by the Company in connection with sales and other dispositions (other than in the ordinary course of business) of property.
Examples of Net Cash From Sales or Refinancings in a sentence
Prior to the occurrence of any event specified in Section 9.1, and subject to availability of funds, applicable law, and any limitations contained elsewhere in this Agreement, Net Cash From Operations and Net Cash From Sales or Refinancings may be distributed at such times and in such amounts as may be approved by the Manager, to Common Members in proportion to their respective Percentage Interests.
Net Cash From Sales or Refinancings shall be distributed, at such times as the General Partner may determine.
Except as otherwise provided in Article XI hereof, Net Cash From Sales or Refinancings shall be distributed at such times as the General Partner in its sole discretion may determine in the following proportions ninety-nine percent (99%) to the Limited Partner; one percent (1%) to the General Partner.
All Distributable Cash and Net Cash From Sales or Refinancings (but without deduction for payment of interest or principal on Special Loans) shall, to the extent of available cash, be applied and paid monthly, first to the payment of accrued interest on any Special Loans, then to the payment of principal of any Special Loans, before any distribution is made to a Member as stipulated in Section 5.6 or Section 5.6A.
The Members will continue to share Profits and Losses, Available Cash and Net Cash From Sales or Refinancings during the period of liquidation in the manner set forth in Article VI and Article VII.
More Definitions of Net Cash From Sales or Refinancings
Net Cash From Sales or Refinancings means the net cash proceeds from all sales and other dispositions (other than in the ordinary course of business) and all refinancings of Company property, less any portion thereof used to establish reserves, all as determined by the Manager. Net Cash From Sales or Refinancings shall include all principal and interest payments received by the Company with respect to any note or other obligation acquired in connection with sales and other dispositions (other than in the ordinary course of business) of Company property. Net cash proceeds shall mean the gross receipts (including condemnation and casualty insurance proceeds) from the refinancing, sale, exchange or other disposition (excluding leasing) of all or part of a Company property other than in the ordinary course of business, less the costs and expenses of the refinancing, sale, exchange or other disposition (including brokerage commissions), less the amount of any outstanding indebtedness allocable to such Company property and discharged on such sale, exchange or other disposition, and less the amount of any expenses (including capital expenditures and additions to reserves as herein provided) paid pursuant to the terms of this Agreement from the proceeds of the refinancing, sale, exchange or other disposition of such Company property. In the event any cash proceeds are not clearly identifiable as Net Cash From Operations or Net Cash From Sales or Refinancings, then the Manager, in its sole discretion, shall determine how to categorize such cash proceeds.
Net Cash From Sales or Refinancings means the gross cash proceeds from the sale or other disposition or refinancing or repayment or exercise of Qualified Assets less (a) any closing, transaction and other costs incurred by the Partnership in connection with such sale or other disposition or refinancing or repayment or exercise, as the case may be; (b) the amount required to retire any debt outstanding against such Qualified Assets; and (c) any amounts required to fund any related reserves up to the levels required. Net Cash from Sales or Refinancings shall be increased by releases of reserves previously funded from Net Cash from Sales or Refinancings. “Net Cash from Sales or Refinancings” shall include all principal and interest payments made with respect to any note or other obligation received by the Partnership in connection with the sale or other disposition of any Qualified Asset.
Net Cash From Sales or Refinancings shall include all principal and interest payments with respect to any note or other obligation received by the Partnership in connection with sales and other dispositions (other than in the ordinary course of business) of Partnership Property.
Net Cash From Sales or Refinancings means the net cash proceeds from all sales and other dispositions (other than in the ordinary course of
Net Cash From Sales or Refinancings means, on or after the Effective Date, the net cash proceeds from all sales, exchanges or other dispositions (other than in the ordinary course of business), and all financings and refinancings of Property, less any portion thereof used to establish reserves. "Net Cash From Sales or Refinancings" shall include all principal and interest payments with respect to any note or other obligation received by the Partnership in connection with sales, exchanges or other dispositions (other than in the ordinary course of business) of Property. Net Cash From Sales or Refinancings thereafter shall be increased in the event of reductions in reserves previously established pursuant to the first sentence of the definition of Net Cash From Sales or Refinancings.
Net Cash From Sales or Refinancings means the net cash proceeds from all sales or other dispositions of the Property (other than in the ordinary course of business) and all proceeds realized by the Partnership upon any refinancing of Partnership indebtedness, less (i) expenses incident to such refinancing and satisfaction of any indebtedness being refinanced, and (ii) any portion thereof used to establish reserves, all as determined by the Partners holding a majority of the Interests. "Net Cash from Sales or Refinancings" shall include all principal and interest payments with respect to any note or other obligation received by the Partnership in connection with any sales or other dispositions of the Property.
Net Cash From Sales or Refinancings means the gross cash proceeds from the sale or other disposition or refinancing of Properties plus repayments of LSL Loans plus proceeds from the exercise of any Put Option (or in the event a Warrant has been exercised, the proceeds from the sale or other disposition of the underlying LSL Property) , less (a) any closing, transaction and other costs incurred by the Company in connection with such sale or other disposition or refinancing or repayment or exercise, as the case may be; (b) the amount required to retire any debt outstanding against such Properties; and (c) any amounts required to fund any related reserves up to the levels required by the Annual Plan, as calculated by the Manager. Net Cash from Sales or Refinancings shall be increased by reductions of reserves originally funded from Net Cash from Sales or Refinancings. "Net Cash from Sales or Refinancings" shall include all principal and interest payments made with respect to any note or other obligation received by the Company in connection with the sale or other disposition of any Property.