Proceeds of Disposition definition

Proceeds of Disposition means the cash or other monetary consideration received by Rental ULC from the sale of Rental ULC Vehicles or from insurance in respect of Rental ULC Vehicles written off by Rental ULC or the related insurance provider as a result of a Casualty.
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Proceeds of Disposition means the cash or other monetary consideration received by the Partnership from the sale of Partnership Vehicles, including from insurance in respect of Partnership Vehicles written off by the Partnership as a result of theft, fire, accident or act of God;
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Proceeds of Disposition means, in the case o f forfeited property other tha n money, the
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Examples of Proceeds of Disposition in a sentence

  • Boards are required to allocate all proceeds of sales and disposition of property, net of allowable expenses, to the Proceeds of Disposition Reserve.

  • In addition, the use of any Proceeds of Disposition realized from the sale of board property are restricted.

  • Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus.

  • Accounting for the Proceeds of Disposition: After the necessary approvals are obtained for the disposition of any capital equipment acquired as outlined above, any proceeds should be credited to the proper revenue account.

  • Jagiellowicz:THAT the Board of Trustees authorizes staff to enter into a license agreement with the YWCA which would allow for the creation of a child care centre at St. Paul Catholic Elementary School; and THAT the Board of Trustees approves the use of up to $500,000 from the Proceeds of Disposition reserve, to fund the renovation costs associated with the child care centre subject to Ministry approval.

  • Proceeds of DispositionSchool boards will not be required to allocate their Proceeds of Disposition (POD) towards new SCC projects.

  • In the 2016-17 fiscal year, TCDSB earned interest revenues totalling $1.98 million or an average return of 1.25%, most of which is earned on capital funds held by the Board, (i.e. Proceeds of Disposition, and Education Development Charges).

  • For more information, see Guide T4036, Rental Income, or Interpretation Bulletin IT-220, Capital Cost Allowance – Proceeds of Disposition of Depreciable Property, and its Special Release.

  • Funding sources available to HWDSB to implement the program strategy include School Renewal Grants (SRG) and Proceeds of Disposition (POD).

  • DoyleTHAT the Grand Erie District School Board approve the use of up to $474,245 from its Proceeds of Disposition reserves to support the funding plan for Mapleview Elementary School.Carried (b) Quarterly Budget ReportR.


More Definitions of Proceeds of Disposition

Proceeds of Disposition means the monies arising from any Disposition;
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Proceeds of Disposition means, in the case of forfeited property other than money, the proceeds of sale on the disposition of the property, and in the case of forfeited property that is money, the amount of the forfeited money;
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Proceeds of Disposition means the cash or other monetary consideration received by Rental LP from the sale of Rental LP Vehicles, including from insurance in respect of Rental LP Vehicles written off by Rental LP or the related insurance provider as a result of theft, fire, accident, act of God, or otherwise.
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Related to Proceeds of Disposition

  • Disposition Proceeds means, with respect to each Group I/II Non-Program Vehicle, the net proceeds from the sale or disposition of such Group I/II Eligible Vehicle to any Person (other than any portion of such proceeds payable by the Group I/II Lessee thereof pursuant to any Group I/II Lease).

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Asset Sales means any sale, transfer, lease, license, sale and leaseback or other disposition of property (including pursuant to a casualty event or condemnation proceeding).

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Specified Disposition means any disposition of all or substantially all of the assets or Capital Stock of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Qualified disposition means, subject to subparagraphs (iii) and (iv), a disposition after which both subparagraphs (i) and (ii) apply to the subject property:

  • Asset Sale Proceeds means, with respect to any Asset Sale,

  • Permitted Disposition means any of the following:

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).

  • Noncash proceeds means proceeds other than cash proceeds.

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Dispositions has the meaning provided in Section 6.02.

  • Permitted Dispositions means each of the following: