Updated Pre-Closing Residential Proceeds Estimate definition

Updated Pre-Closing Residential Proceeds Estimate means the update of the estimated amount of (A) the actual cash proceeds received by MGM or its Affiliates, excluding any cash proceeds returned or refunded, from the sale or a contract to sell any residential units in the Project Components since the inception of the Project to the Closing Date less (B) the Sales Expenses related to such condominium units.

Examples of Updated Pre-Closing Residential Proceeds Estimate in a sentence

  • Smit J, Kamio Y, Nikaido H (1975) Outer membrane of Salmonella typhimurium: Chemical analysis and freeze-fracture studies with lipopolysaccharide mutants.

  • After the Signing Date, MGM shall use diligent efforts to prepare a statement (“Updated Pre-Closing Statement”) indicating the Updated Pre-Closing Development Cost Estimate, the Updated Pre-Opening Cost Estimate and the Updated Pre-Closing Residential Proceeds Estimate.

  • The “Pre-Closing Residential Proceeds Adjustment” shall mean an amount equal to 50% of the difference between the amount of the Initial Pre-Closing Residential Proceeds Estimate and the amount of the Updated Pre-Closing Residential Proceeds Estimate.

Related to Updated Pre-Closing Residential Proceeds Estimate