Net Sale or Refinancing Proceeds definition

Net Sale or Refinancing Proceeds means the proceeds of:

Net Sale or Refinancing Proceeds has the meaning specified in Section 3.03b hereof.

Net Sale or Refinancing Proceeds means the net proceeds remaining from any Capital Transaction after providing for the payment of all costs and expenses related thereto, the payment for any capital expenditures or expenses for which such proceeds are to be used, the satisfaction of any debt, the funding of any required escrows and reserves, and the setting aside of any reserves for creditors as determined jointly by UST and Prime.

Examples of Net Sale or Refinancing Proceeds in a sentence

• The Base Deferred Interest Amount shall be payable subsequent to the Amendment Date on the earliest possible payment dates specified in paragraph (e)(3) hereof on the basis and to the extent of 100% of Net Sale or Refinancing Proceeds, after the payment of accrued and unpaid Base Interest (and interest thereon) other than the Base Deferred Interest Amount, and prior to the payment of Deferred Interest and Contingent Interest.

• Members holding Interests specified in Section 5.1A may amend this Agreement; provided, however, that without the permission of the Members to be adversely affected by the amendment, this Agreement may not be amended so as to (i) modify the limited liability of a Member or (ii) alter the interest of a Member in Profits, Losses, Net Cash Flow or Net Sale or Refinancing Proceeds.

• Review of Applied Socio-Economic Research, 5(1), 53-60.Dubrin, Andrew J.

• The Base Deferred Interest Amount shall be payable subsequent to the Amendment Date on the earliest possible payment dates specified in paragraph (d)(3) below on the basis and to the extent of 100% of Net Sale or Refinancing Proceeds, after the payment of accrued and unpaid Base Interest (and interest thereon) other than the Base Deferred Interest Amount, and prior to the payment of Deferred Interest and Contingent Interest.

• During each year, or part thereof, of the Second Period, the Bonds shall bear interest at an annual rate equal to the Supplemental Contingent Interest Rate payable on the basis and to the extent of 25% of Net Cash Flow for each such year, or part thereof, or, to the extent not fully paid because 25% of Net Cash Flow is insufficient, on the basis and to the extent of 25% of Net Cash Flow thereafter during the Second Period and 25% of Net Sale or Refinancing Proceeds, all as provided below.

More Definitions of Net Sale or Refinancing Proceeds

Net Sale or Refinancing Proceeds means the proceeds of the sale or refinancing of any property or asset of the Company, less the expenses of such sale and less the portion of such proceeds utilized to discharge any indebtedness of the Company;

Net Sale or Refinancing Proceeds means the net proceeds remaining from any sale or Disposition or taking of all or substantially all of the Partnership's property (including, without limitation, eminent domain or condemnation proceeds or proceeds from a Transfer under a threat of condemnation or eminent domain proceedings, title insurance proceeds and casualty insurance proceeds) or any refinancing of the FAME Bonds, in either case, after the payment of all costs and expenses related thereto, the payment for any capital expenditures or expenses for which such proceeds are to be used, and the setting aside of any reserves as reasonably determined by the General Partners.

Net Sale or Refinancing Proceeds means the net cash proceeds realized by the Partnership from the refinancing, sale, or other disposition of any Partnership property, after deducting all expenses incurred in connection therewith, including brokerage fees and commissions and other costs, expenses, and liabilities related to the sale or refinancing or the Partnership properties affected thereby, and after application of any of such proceeds, at the sole discretion of the General Partner, toward the payment of any indebtedness of the Partnership that the General Partner deems advisable to pay and the establishment of such additions to cash reserves maintained pursuant to Section 4.10(b) or Section 9.5, as the General Partner shall determine. Any amount released from such a reserve that is not applied to the payment of any indebtedness of the Partnership shall be treated as Net Sale and Refinancing Proceeds at the time of the release.

Net Sale or Refinancing Proceeds means all cash received by the Company from any Project Entity or from the sale of such Project Entity other than amounts governed by Section 3.02 hereof, including, without limitation, (i) the cash received by the Company from each Project Entity as a result of the distribution by such Project Entity of Project Entity Net Sale or Refinancing Proceeds, and (ii) the net proceeds of the sale or other disposition of the Company's interest in any Project Entity or portion thereof or a financing or refinancing of any loan secured by such interest, after deducting therefrom any accounts payable owing by such Project Entity, including expenses and fees, and after deducting therefrom the expenses of such sale or other disposition and the portion of such proceeds utilized to discharge any indebtedness secured by such property and asset and any reserves established by the Investment Committee.

Net Sale or Refinancing Proceeds means the amount remaining from the Sale or Refinancing Proceeds after deducting the Cost Basis (except in the case of a Refinancing of the Project described in clause (iii) of the definition thereof, in which case there shall be no deduction). The "Cost Basis" for purposes of this definition (except as provided in the ensuing sentence) shall mean the number equal to $9,950,000, plus any amounts theretofore or thereupon added to the basis of the Project for federal income tax purposes (but not as an additional amount any construction period interest, whether or not added to the capital account) as a result of expenditures made with (x) the proceeds of a secondary financing secured by a lien on the Project in conformity with the Mortgage (including the Refinancing Proceeds resulting from a Refinancing of the Project based upon such a secondary financing), or (y) additional capital contributions to the Developer by its partners minus the principal amount of any Bonds theretofore paid. Notwithstanding the preceding sentence, in the context of a Sale of the Project, "Cost Basis" shall be modified by multiplying the amount determined according to the preceding sentence by the Disposition Factor (as a percentage) for the sale, transfer or other disposition in question.

Net Sale or Refinancing Proceeds shall not include any such proceeds which, because of the relatively minor amount involved, the manager determines, in the exercise of its reasonable judgment, are more properly treated as cash receipts than "Net Sale or Refinancing Proceeds.”

Net Sale or Refinancing Proceeds means all cash received by the Company from the sale or refinancing of all or any portion of the Property other than amounts governed by Section 3.02 hereof, including, without limitation, the net proceeds of the sale or other disposition of the Company's interest in the Property or any portion thereof or the proceeds received from a financing or refinancing of any loan obtained by the Company, after deducting therefrom the expenses of such sale or other disposition and the portion of such proceeds utilized to discharge any indebtedness secured by such portions of the Property and asset and any reserves established by the Investment Committee. Net Sale or Refinancing Proceeds shall also include any proceeds received by the Company from any policy or policies of insurance or any condemnation proceeds, less the portion of such proceeds utilized to discharge any indebtedness and less the portion of such proceeds utilized for the repair, replacement or reconstruction of the Property and all improvements located thereon.