Payment Proceeds definition

Payment Proceeds. Returned Transactions + Payment Processing Fees + Third Party Licensing Payments + Other Fair Value Adjustments and any Gaming Affiliate Costs

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Payment Proceeds means THE PRINCIPAL AND INTEREST PAYMENTS AS STATED ON A SECURED PROMISSORY NOTE AND UNSECURED PROMISSORY NOTE BY AND BETWEEN BORROWER AND CHFA, INC., PLEDGED TO BANK UNDER A PLEDGE AGREEMENT OF EVEN DATE HEREOF BY AND BETWEEN BORROWER AND BANK.

Payment Proceeds has the meaning set forth in Section 4.12 (b).

Examples of Payment Proceeds in a sentence

If the Senior Facility Agent does not require such mandatory reduction or otherwise waives the application of any Payment Proceeds as a permanent reduction on the Senior Facility Obligations, the Company may use such Payment Proceeds for its scanner lease and purchase program (“Scanner Use”) in an amount not to exceed the Scanner Amounts.
Worked Example*: Gross Gaming Yield € 125,000 Less 50% Payment Proceeds (includes chargebacks, tax etc.) € (5,000 ) Net Gaming Revenue € 120,000 Partner Share of Net Gaming Revenue @80% € 96,000 Less Partner promotions / free bets € (10,000 ) Less deductions for Operational Costs € (11,000 ) Final Payment € 75,000 * For illustration purposes only.
Lender shall have the right to apply all or any portion of the balance of the Release Payment Proceeds Account to the outstanding Principal Amount at any time or from time to time, in its sole and absolute discretion.
All Production Payment Proceeds received by Working Interest Owner (instead of directly by Production Payment Owner) prior to the last day of any Application Period shall be paid by Working Interest Owner to Production Payment Owner, prior to noon, Central time, on the related Application Date.
Pro Rata Payment, Method of Payment; Proceeds of Collateral 57 2.11.
No Production Payment Proceeds (whether paid by Working Interest Owner or any other Person) shall be deemed received by Production Payment Owner or applied to the Production Payment until such Production Payment Proceeds have been so received by Production Payment Owner's bank or collection agent in immediately available funds for the account of Production Payment Owner.
If the aggregate principal amount of Notes surrendered by Holders thereof in connection with any Asset Sale Offer exceeds the amount of Payment Proceeds, the Trustee shall select Notes to be purchased on a pro rata basis; provided that no Note shall be repurchased in part if the remaining balance thereof would be less than $1.00.
If Production Payment Proceeds applied on any Application Date are insufficient to cover the full amounts specified in the foregoing subsection (i) of this subsection (a), then such unrecovered amounts shall be added to the unliquidated balance of the Primary Sum.
If the aggregate principal amount of Notes surrendered by Holders thereof in connection with any Asset Sale Offer exceeds the amount of Payment Proceeds, the Trustee shall select Notes to be purchased on a pro rata basis; provided that no Note shall be repurchased in part if the remaining balance thereof would be less than $1,000.
Pro Rata Payment, Method of Payment; Proceeds of Collateral.......................................................................................

More Definitions of Payment Proceeds

Payment Proceeds means cash received in payment of sums due or owing pursuant to a Lot Sale Note, Membership Note or Commercial Tract Note other than Dedicated Note Proceeds.

Payment Proceeds. With respect to any Payment Date, all of the amounts received by the Trustee from the Issuer during the related Due Period in respect of the payment of any amounts due hereunder.