Net Proceeds Payable definition

Net Proceeds Payable means the product of the Net Proceeds multiplied by the Applicable Factor.
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Examples of Net Proceeds Payable in a sentence

  • If all or any portion of the fixed assets of a Manufacturing Facility is sold, transferred or assigned, Borrower shall pay to Bank from Net Proceeds Payable to Bank an enhancement fee equal to the lesser of (a) one-half of one percent (1/2 of 1%) of the gross sales price (including all cash and the fair market value of all other assets given to or for the benefit of Borrower); or (b) the amount of the Net Proceeds Payable to Bank.

  • Any amounts paid to Bank pursuant to this Section 5.5 and not applied against the fee due under Section 5.8 below, shall permanently reduce the Maximum Amount and the Permitted Out-of-Formula Advance and shall also permanently reduce the Inventory Sublimit only to the extent such Net Proceeds Payable to Bank are attributable to the sale of any of Borrower's inventory.

  • In addition to any other payments required hereunder, Borrower will pay to Bank, contemporaneously with closing on the sale of all or any portion of the fixed assets of a Manufacturing Facility, the Net Proceeds Payable to Bank from such sale.

Related to Net Proceeds Payable

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Net Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of:

  • Gross Proceeds means a share of the gross production of oil, gas, condensate, and natural gas liquids free of any and all cost of producing, gathering, storing, separating, treating, dehydrating, compressing, processing, transporting, marketing, or pipeline construction and maintenance.

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.