Net Transfer Proceeds definition

Net Transfer Proceeds means, with respect to the Transfer of any Property, the gross sales price for such Property (including any ▇▇▇▇▇▇▇ money, down payment or similar deposit included in the total sales price paid by the purchaser), less Transfer Expenses.

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Net Transfer Proceeds shall have the meanings set forth in subsections 4.8.1 and 4.8.2.

Net Transfer Proceeds means, with respect to the Transfer of any Property, the gross sales price for such Property (including any earnest money, down payment or similar deposit included in the total sales price paid by the purchaser), less Transfer Expenses.

Examples of Net Transfer Proceeds in a sentence

In the event of any Transfer of any Property, Borrower shall (or shall cause the Manager or the closing title company or escrow agent, as applicable, to) deposit directly into the Collection Account the Net Transfer Proceeds for allocation in accordance with the terms of this Agreement.
In addition, Borrower shall, and shall cause Manager to, deposit any other Collections (other than (x) Rents, (y) Insurance Proceeds and Condemnation Proceeds, which shall be deposited into the Casualty and Condemnation Subaccount pursuant to the terms hereof and (z) Net Transfer Proceeds, which shall be deposited into the Cash Management Account pursuant to the terms hereof) received by or on behalf of Borrower directly into a Rent Deposit Account within three (3) Business Days following receipt thereof.
In the event of a Change of Ownership, the “Net Proceeds Share” shall be the amount by which the greater of the following exceeds the Administrative Charge paid by Lessee to County in connection with such Change of Ownership: (a) the lesser of (i) the Net Transfer Proceeds from such Change of Ownership, or (ii) five percent (5%) of the Gross Transfer Proceeds from such Change of Ownership; or (b) twenty percent (20%) of the Net Transfer Proceeds from such Change of Ownership.
For a Tenant Ownership Change, the Value Appreciation Rent shall be the greater of (a) the lesser of (i) the Net Transfer Proceeds or (ii) four percent (4%) of the Gross Transfer Proceeds, or (b) fourteen percent (14%) of Net Transfer Proceeds.
Borrower shall, and shall cause Manager to, deposit any other Collections (other than Rents, Net Transfer Proceeds and Cap Receipts) received by or on behalf of Borrower directly into the Cash Management Account within three (3) Business Days following receipt thereof; provided, that Insurance Proceeds and Condemnation Proceeds shall be handled in accordance with Sections 5.2, 5.3 and 5.4.

More Definitions of Net Transfer Proceeds

Net Transfer Proceeds means the total cash and other consideration received (but in the case of a transfer to a party affiliated with or otherwise related to the transferor, such consideration shall in no event be deemed to be less than the fair value of the interests transferred), less the following costs with respect to Concessionaire (but not its successors or assignees):

Net Transfer Proceeds means the Gross Transfer Proceeds from the transfer, less the following costs with respect to Lessee (but not its successors or assignees):

Net Transfer Proceeds means the Gross Transfer Proceeds received by that successor (but in the case of a transfer to a third party affiliated with or otherwise related to the transferor, such Gross Transfer Proceeds shall in no event be deemed to be less than the fair market value of the interests transferred), minus the following costs with respect to such successor Lessee:

Net Transfer Proceeds means the Fair Market Value of the proceeds (of whatever type) paid or payable to the Company and the Subsidiaries in respect of the Transfer of any of their respective Properties, determined as of the date of the substantial completion of such transfer, net of ordinary and customary expenses incurred by the Company and the Subsidiaries in connection with such Transfer and paid to Persons other than the Company, a Subsidiary or an Affiliate and net of all Indebtedness required by its terms to be paid in connection with such Transfer to any Person other than the Company or a Subsidiary.

Net Transfer Proceeds means the Gross Transfer Proceeds received by that successor, minus the following costs with respect to such successor ▇▇▇▇▇▇:

Net Transfer Proceeds means the total cash and other consideration received by that successor Concessionaire (but in the case of a transfer to a party affiliated with or otherwise related to the transferor, such consideration shall in no event be deemed to be less than the fair value of the interests transferred), minus the following costs with respect to such successor Concessionaire: [strike through end] [strike through begin] (1) The purchase price such successor paid to Concessionaire or such successor's seller for the interest acquired; [strike through end]

Net Transfer Proceeds means the Gross Proceeds minus the Applicable Costs. For purposes of this subsection 4.8.2, Applicable Costs shall mean the sum of the following with respect to such successor Lessee: