Net Disposal Proceeds definition

Net Disposal Proceeds means, in relation to any Disposal of any Asset, any cash proceeds thereof from time to time that are to be received by or for the account of any member of the Group (i) net of any tax liability arising from such Disposal, and (ii) reasonable commissions, fees and expenses payable by any member of the Group in connection with such Disposal (without limitation, including pursuant to earn out provisions and taking into account the amount of any proceeds received in respect of repayment or disposal of any intra group loan) but excluding:

Net Disposal Proceeds means the proceeds received in cash from any sale or disposal less any costs relating to the sale or disposal, any fees and any tax relating to the sale or disposal.

Net Disposal Proceeds means, in respect of a disposal, the gross proceeds of that disposal minus:

Examples of Net Disposal Proceeds in a sentence

• The partial redemption must be made with funds in an aggregate amount not exceeding the Net Disposal Proceeds.

• The Net Disposal Proceeds realised upon the disposal, prior to the delivery of a Loan Acceleration Notice, by any Receiver appointed by the Borrower Security Trustee of any of the Borrower Fixed Security assets (including those resulting from a Designated Airport Disposal) shall promptly following the completion of such disposal be credited to the Disposal Proceeds Account.

• The Borrowers shall procure that, promptly upon receipt of the same by any Obligor but in any event within 10 Business Days of receipt by the relevant Obligor, an amount equal to the Net Disposal Proceeds received by any Obligor shall be applied in or towards prepayment of the Facilities in accordance with the provisions of this Agreement.

• A Borrower shall give written notice to the Lender of any expected receipt (and of the expected date of receipt) of any Net Disposal Proceeds, Insurance Proceeds or Capital Market Proceeds by any member of the Group as soon as reasonably practicable prior to such receipt and in any event shall give written notice to the Lender of the actual receipt of such proceeds by any member of the Group.

• The Parties agree that upon completion of the Proposed Disposal, the Company will make a cash distribution by way of the Proposed Capital Reduction to distribute the Net Disposal Proceeds after setting aside sufficient funds for the Company’s working capital requirements, pro-rata, to all Shareholders as at the BCD.

More Definitions of Net Disposal Proceeds

Net Disposal Proceeds means the gross total proceeds received by members of the Company Group in cash from all disposals, leases or transfers of fixed assets (including, for the avoidance of doubt, Swedish gas and oil assets) or shares of the Company Group (other than Permitted Disposals) less:

Net Disposal Proceeds means the consideration receivable by any Borrower (including any amount receivable in repayment of intercompany debt) for any Disposal made by any Obligor except for Excluded Disposal Proceeds and after deducting:

Net Disposal Proceeds means the consideration received by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee from the disposal of any Borrower Fixed Security assets made by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee, as the case maybe, and after deducting:

Net Disposal Proceeds means the proceeds received in cash from any disposal less any costs relating to the disposal, any fees and any tax relating to the disposal.

Net Disposal Proceeds means the cash consideration receivable by any Group Company (including any amount receivable in repayment of intragroup loans) for any disposal of a Group Company and/or Wind Turbine made by any Group Company to a Person which is not a Group Company:after deducting any reasonable expenses which are incurred by any member of the Group with respect to that disposal; andafter deducting any tax incurred and required to be paid by the seller in connection with that disposal (as reasonably determined by the Issuer, on the basis of existing rates and taking account of any available credit, deduction or allowance).

Net Disposal Proceeds means any amount of Cash and Cash Equivalent Investments received by the Group as consideration for a Restricted Disposal (whether by way of share or asset sale) after deducting:

Net Disposal Proceeds means the gross total proceeds (including any amounts received in repayment of intercompany debt) received by Group members in cash from all disposals of any revenues or fixed assets of the Group (other than Excluded Proceeds) less: