Project Proceeds definition

Project Proceeds means proceeds resulting from the long-term lease or sale of the property.

Project Proceeds means any net proceeds received by the Authority arising in connection with the Real Property which are derived from any conveyance, lease, assignment, mortgage or encumbrance of all or any portion of the Project, which shall be applied pursuant to Section 4 hereinbelow;

Project Proceeds has the meaning given to it in the Investor Rights Agreement;

Examples of Project Proceeds in a sentence

• The County shall keep a detailed and segregated accounting of the expenditure of, and investment earnings on, the Project Proceeds to ensure compliance with the requirements of the Internal Revenue Code, as hereinafter defined.

• The Issuer shall (and shall procure that the relevant Group Company will) ensure that all Project Proceeds are paid directly into a Pledged Account, provided that the foregoing shall not apply with respect to Project Proceeds related to a Group Company (or its assets) owing Acquired Financial Indebtedness at the relevant time to the extent that the payment of the Project Proceeds to a Pledged Account would constitute a default under the terms of the Acquired Financial Indebtedness.

• A portion of the Loan Proceeds ($3,694,965.07) (the “Project Proceeds”) received from the sale of the Bonds shall be deposited in a dedicated fund (the “Project Fund”), which is hereby created, to be used for the payment of costs of the Project and to the extent that Project Proceeds remain after the full payment of the costs of the Project, such Proceeds, shall be transferred to the Debt Service Fund for the payment of interest on the Bonds.

More Definitions of Project Proceeds

Project Proceeds means proceeds resulting from the sale of the property.

Project Proceeds means any income, payments, earnings or receivables of any kind (including any payments with respect to tax, tax refunds or tax credits and insurance proceeds in respect of physical losses (excluding any insurance proceeds relating to third party losses or losses incurred in respect of environmental incidents and where such insurance proceeds are paid directly to third parties)) directly or indirectly deriving from or related to the Projects (including proceeds from sale of any ownership interest in any Hydrocarbon Asset(s)).

Project Proceeds means all monies due and to become due to or available with the Issuer at any time, from any source, including in relation to the Project, including without limitation, subscriptions to Shares, subscriptions to Preference Shares, subscription to debentures of the Issuer (including the CCDs and NCDs), infusion of share application money in the Issuer, unsecured debt or any other debt availed by the Issuer from any Person, monies due or payable to the Issuer in respect of the CDM Benefits, REC Benefits or revenue by sale of electricity to any Procurer, monies due or to become due to the Issuer under the Project Documents (including the PPA) and under all performance bonds, letters of credit, Insurance Contracts and instruments of a similar nature issued in its favour and any other monies whatsoever in respect of the Project or otherwise.

Project Proceeds means the monies and proceeds derived by the Borrower or its affiliates from the Premises or the Improvements prior to the repayment of the Loan, including any reimbursements for tenant work done by the Borrower, tax refunds, refunds or rebates from contractors or suppliers, performance bond and insurance proceeds, condemnation awards and capital contributions or loans by such affiliates or other Persons or entities but excluding tenant security deposits, rentals and any ordinary and necessary costs or expenses of raising or collecting such monies and proceeds.

Project Proceeds means all monies due and to become due to or available with the Issuer at any time, from any source, including in relation to the Project, including without limitation, subscriptions to Shares, subscriptions to Preference Shares, subscription to debentures of the Issuer (including the CCDs and NCDs), infusion of share application money in the Issuer, unsecured debt or any other debt availed by the Issuer from any Person, the VGF Proceeds, monies due or payable to the Issuer in respect of the CDM Benefits, REC Benefits or revenue by sale of electricity to any Procurer, monies due or to become due to the Issuer under the Project Documents (including the PPA) and under all performance bonds, letters of credit, Insurance Contracts and instruments of a similar nature issued in its favour and any other monies whatsoever in respect of the Project or otherwise.

Project Proceeds means all cash proceeds received by the Issuer in connection with the Project from any source, including without limitation, all proceeds from disbursements under the Debenture Documents, refund of Taxes, all other sources of funding from the Sponsor relating to the Project, monies due or to become due to the Issuer under the Debenture Documents, and under all performance bonds, letters of credit, guarantees and instruments of a similar nature issued in its favour in respect of the Issuer, including but not limited to proceeds of third party liability insurance (including but not limited to insurance regarding charges for wheeling of power) and business interruption insurance but excluding (i) any disbursement(s) of Shortfall Amount Paid into the Debt Service Sub-Account pursuant to a Shortfall Instruction and (ii) funds made available by the Sponsor as a Deficiency Loan in accordance with the provisions of the Sponsor Support Agreement;

Project Proceeds shall have the meaning specified in the Trust and Retention Account Agreement.