Transfer Proceeds definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Transfer Proceeds means the proceeds of the sale of any Transferred Receivable, which may include Securitization Equity.

Transfer Proceeds means, with respect to the Transfer of any Asset, all amounts realized with respect to such Asset net of the related Transfer Expenses; provided, however, that the Transfer Proceeds with respect to any Asset shall in no event be less than zero.

Examples of 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.

• Upon each withdrawal of or direction to withdraw or distribute Group Available Funds or Transfer Proceeds (including any Securitization Equity) pursuant to this Section 9.4(e), each of the Trust and the Servicer shall be deemed to represent and warrant to the Master Collateral Agent that each of the foregoing conditions have been satisfied with respect thereto.

• 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.

• 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.

• With respect to any Change of Ownership described in Subsection 4.6.1(b), Subsections 4.8.1 and 4.8.2 shall apply (as applicable), except that any rents or other amounts received by Lessee from the Major Sublessee a percentage of which is passed through to County under any provision of this Lease (other than payment of Net Proceeds Share) shall be disregarded in the computation of Net Transfer Proceeds.

More Definitions of Transfer Proceeds

Transfer Proceeds means, with respect to the Transfer of any Financed Property or Financed Single Plat Development, all amounts and proceeds realized or received with respect to such Financed Property or Financed Single Plat Development (including with respect to any grant of an option to purchase a legal or beneficial interest in such Financed Property or such Financed Single Plat Development).

Transfer Proceeds means the proceeds from the transfer of the Acquired Assets as provided for in the Asset Purchase Agreement and the Plan.

Transfer Proceeds is defined in Section 3.03(a).

Transfer Proceeds means the proceeds actually received by CES, Parent and/or Surviving Corporation (if immediately prior to the Change of Control of Biogas Parent and/or CES hold more than 50% of the voting shares of the Surviving Corporation) as consideration in a transaction constituting a Change of Control of Biogas to the extent such consideration relates to the ownership interests, assets and/or business of the Surviving Corporation and/or its direct and indirect subsidiaries after payment or reserve for (i) all actual third party transaction expenses, (ii) transaction related taxes payable by the Surviving Corporation and/or its subsidiaries but excluding federal, state and local income taxes payable by Parent and CES relating to the Change of Control of Biogas, (iii) all amounts owed by the Surviving Corporation and its subsidiaries on account of borrowings from parties other than CES and Parent and their affiliates including without limitation (A) all amounts owed to John Hancock and its affiliates under the Note Purchase Agreement d▇▇▇▇ ▇▇▇▇▇▇▇r 30, 1999 as amended and related documentation, (B) all amounts owed to GEFS Energy Capital LLC pursuant to the Construction and Term Loan Agreement dated April 30, 2001, and (C) all amounts owed to AJG, including, in each case, all debt breakage fees or prepayment penalties, and (iv) all reserves and escrows relating to the Change of Control of Biogas transaction including without limitation the Illinois ICC subsidy reserves and any reserve or levelization accounts relating to any income fund provided the release of any such reserve fund to Parent or CES shall be accounted for as Transfer Proceeds in accordance with this section.

Transfer Proceeds has the meaning set forth in Section 7.05(a).

Transfer Proceeds means any proceeds received, other than from the Company, by any Member in connection with a Transfer of all or a portion of such Member’s Membership Interests.

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: