Net Subscription Proceeds definition
Examples of Net Subscription Proceeds in a sentence
Banco Bilbao Vizcaya Argentaria, S.A. as Counterparty in respect of the Securities (the "Counterparty"), hereby gives notice that, pursuant to Condition 4(b)(i), the Counterparty requests the substitution of the following Charged Assets on [Insert date for substitution]1 (the "Substitution Date"): Cash to be substituted [Insert amount of cash to be substituted in respect of any Net Subscription Proceeds in the Cash Deposit Account or Collateral Securities Redemption Proceeds.
Pending the deployment for the uses identified above, the Net Subscription Proceeds and Net Option Proceeds (collectively, the “Net Proceeds”) may be deposited with banks and/or financial institutions or invested in money market instruments and/or securities, or used for any other purpose on a short-term basis, as the Directors may in their absolute discretion deem fit.
The term "Net Subscription Proceeds" shall mean the cash proceeds from the issuance and sale of any Participating Shares, less the actual, reasonable direct out-of-pocket expenses of such issuance and sale (including, without limitation, the commission to be paid pursuant to the Subscription Agreement).
Notwithstanding the foregoing or anything to the contrary contained herein, in the event that prior to July 31, 2000 Danka PLC or any of its Subsidiaries shall not have received (and paid to the Agent on behalf of the Banks to the extent required by Section 5 above) the Net Subscription Proceeds from the issuance of the Participating Shares pursuant to the Subscription Agreement, all of the provisions of this Seventh Amendment shall be null and void and of no further force and effect.