USD Sale Proceeds definition

USD Sale Proceeds means an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Local Currency Sale Proceeds (as numerator) and (ii) the Average Spot Rate in respect of the relevant Averaging Period (as denominator), and adjusted downward to take into account any Hedging Costs and Adjustment Amount (if any, and to the extent of such losses, expenses and costs).
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USD Sale Proceeds means an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to theAdjustment Provisions.(xxvii) Terms relating to Physical Settlement:Not Applicable(xxviii) Force Majeure Events:Applicable Relevant Jurisdiction: As specified in paragraph 13 of the Credit Terms (2014 ISDA Credit Derivatives Definitions Version)(xxix) Merger Event:Not Applicable(xxx) Reference Obligation Only Termination Amount:Not Applicable Paragraph 18 (Early redemption of Reference Obligation Only Securities following a Substitution Event) of the Credit Terms shall not apply to the Notes and shall be deleted (without renumbering anyremaining paragraphs).(xxxi) Qualifying Participation Seller:Not Applicable38. Currency Linked Redemption ProvisionsNot Applicable39. Commodity Linked Redemption Provisions:Not Applicable40. Index Linked Redemption Provisions:Not Applicable41. Instalment Notes:Not Applicable42. Other redemption provisions:“Adjustment Amount” means, in respect of each nominal amount of Notes equal to the Calculation Amount, such nominal amount’s pro rata share of the aggregate cost (including but not limited to any costs of funds or borrowing costs to settle or re-establish any underlying and/or related hedging or funding arrangements) payable by the Issuer (or its Affiliates) determined by the Calculation Agent in USD or PKR as is appropriate for the purpose of any relevant calculation hereunder by reference to the Spot Rate arising from any of the following events: (i) the imposition or change in the interpretation or implementation of any taxes (including but not limited to withholding taxes, business taxes, conversion taxes and sales taxes), duties, reserves, charges (whether such taxes, duties or governmental charges were imposed before, on or after the Trade Date), withholding or deduction by the government or any taxing or equivalent authority of the Reference Jurisdiction that adversely affects a Reference Obligation Holder in the jurisdiction of organisation of the Issuer (or its Affiliates), including but not limited to any taxes, duties, reserves, charges, withholding or deduction imposed on any interest or principal ...
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USD Sale Proceeds means, in respect of any Early Termination Amount, an amount in USD equal to the sale proceeds that could be realised by the Issuer (after the deduction of any taxes, duties, assessments, governmental charges, costs, losses or expenses incurred by the Issuer in connection with the sale) for the sale of each Note’s pro rata share of the Reference Obligation comprising the Asset Amount, as determined by the Calculation Agent acting in its sole and absolute discretion in a commercially reasonable manner on the 3rd Business Day prior to any Early Termination Date
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Examples of USD Sale Proceeds in a sentence

  • In respect of each nominal amount of Notes equal to the USD Sale Proceeds.

  • In respect of each nominal amount of Notes equal to the Calculation Amount, such Note’s pro rata share of the USD Sale Proceeds.

  • USD Sale Proceeds means an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.

  • Credit Event Redemption Date:The earlier of (1) the day that is 3 Business Days after the USD Sale Proceeds Conversion Date and (2) the Final Maturity Date.

  • USD Sale Proceeds: means, an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.

  • Within three Business Days of receipt of such notice from the Noteholder, the Issuer shall inform the Noteholder of the expected Early Termination Amount which will be based on the USD Sale Proceeds on such day, subject to adjustment for Hedging Costs.

  • USD Sale Proceeds an amount in USD calculated by the Calculation Agent equal to the quotient of (i) Credit Event Local Currency Sale Proceeds (as numerator) and (ii) the Spot Rate as at the day falling 2 Business Days prior to Credit Event Redemption Date (as denominator) and adjusted downward to take into account any Hedging Costs, Adjustment Amount (if any, and to the extent of such losses, expenses and costs) and subject to the Adjustment Provisions.

  • In respect of each nominal amount of Notes equal share of the USD Sale Proceeds.

  • Credit Event Redemption Date: The earlier of (1) the day that is 3 Business Days after the USD Sale Proceeds Conversion Date and (2) the Final Maturity Date.

Related to USD Sale Proceeds

  • Sale Proceeds means the net proceeds from the sale and/or realisation of the Charged Assets (excluding any Charged Assets which comprise cash) by the Realisation Agent in accordance with the Conditions (after deduction therefrom by the Realisation Agent of its usual fees and any costs and expenses incurred in connection with the sale of such Charged Assets). 7. Additional Provisions:

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

  • Net Sale Proceeds means, with respect to any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale), an amount in cash equal to the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such Asset Sale, net of (i) costs of, and expenses associated with, such Asset Sale (including fees and commissions), (ii) any taxes paid or payable as a result of such Asset Sale (including Lead Borrower’s good faith estimate of any incremental income taxes that will be payable as a result of such Asset Sale, including pursuant to tax sharing arrangements or any tax distributions), (iii) payments of unassumed liabilities relating to the assets sold and required payments of any Indebtedness or other obligations (other than the Loans and Indebtedness secured on a pari passu or junior basis to the Loans) which are secured by the assets which were sold or would be in default under the terms thereof as a result of such Asset Sale), (iv) amounts provided as a reserve in accordance with U.S. GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Asset Sale (provided that to the extent and at the time any such amounts are released from such reserve to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds), (v) cash escrows from the sale price for such Asset Sale (provided that to the extent and at the time any such amounts are released from escrow to Lead Borrower or any of its Restricted Subsidiaries, such amounts shall constitute Net Sale Proceeds) and (vi) to the extent such Asset Sale involves any disposition of Investments made after the First Restatement Effective Date, the permissibility of which was contingent upon the utilization of the Available Amount, the portion of the Available Amount so utilized in connection with such initial Investment.

  • Net Asset Sale Proceeds means, with respect to any Asset Sale, an amount equal to (i) cash payments (including any cash received by way of release from escrow or deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received by Holdings, any Borrower or any of the Restricted Subsidiaries from such Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Asset Sale, including (a) sales, transfer, income, gains or other taxes payable (or estimated in good faith by Holdings to become payable) in connection with such Asset Sale, (b) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans, any Junior Financing, any Credit Agreement Refinancing Indebtedness or any First Lien Indebtedness) that is secured by a Lien on the Equity Interests or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale, (c) a reasonable reserve established in accordance with GAAP against any adjustment to the sale price or any liabilities (other than any taxes deducted pursuant to clause (a) above) (x) related to any of the applicable assets and (y) retained by the Borrowers or applicable Restricted Subsidiary, including, without limitation, pension and other post-employment benefit liabilities related to environmental matters or for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser in respect of such Asset Sale undertaken by Holdings, any Borrower or any of the Restricted Subsidiaries in connection with such Asset Sale; provided, upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds, (d) the out of pocket expenses, costs and fees incurred with respect to legal, investment banking, brokerage, advisor and accounting and other professional fees, sales commissions and disbursements, survey costs, title insurance premiums and related search and recording charges, in each case actually incurred in connection with such sale or disposition and payable to a Person that is not an Affiliate of Holdings, (e) in the case of any Asset Sale by a non-wholly-owned Restricted Subsidiary, the pro rata portion of the Net Asset Sale Proceeds thereof (calculated without regard to this clause (e)) attributable to minority interests and not available for distribution to or for the account of any Borrower or a wholly-owned Restricted Subsidiary as a result thereof and (f) in the case of any such cash payments received (or subsequently received) by any Foreign Subsidiary, any taxes that would be payable (or estimated in good faith by Holdings to become payable) in connection with the repatriation of such cash proceeds to any Borrower or any Guarantor Subsidiary.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Sales Proceeds means, with respect to any Transaction Vehicle, an amount equal to the aggregate amount of proceeds received by the Servicer from the purchaser in connection with the sale or other disposition of such Transaction Vehicle, net of any and all out-of-pocket costs and expenses incurred by the Servicer in connection with such sale or other disposition, including without limitation, all repossession, auction, painting, repair and any and all other similar liquidation and refurbishment costs and expenses.

  • Gross Sales Proceeds with respect to each sale of Shares shall be the Gross Sales Price multiplied by the number of Shares sold;

  • Net Sales Proceeds means, in the case of a transaction described in clause (i)(A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(B) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (i)(C) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company or the Operating Partnership from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (i)(D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage on or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (i)(E) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (ii) of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one (1) or more Assets within one hundred eighty (180) days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company or the Operating Partnership in connection with such transaction or series of transactions. Net Sales Proceeds shall also include Refinancing Proceeds and any other amounts that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale. Net Sales Proceeds shall not include any reserves established by the Company, which shall be determined by the Board in its sole discretion.

  • Available Proceeds means, with respect to a Liquidation Event or Enforcement Event, as of a particular day:

  • Equity Issuance Proceeds means, with respect to any Equity Issuance, all cash and cash equivalent investments received by the Borrower or any of its Subsidiaries from such Equity Issuance after payment of, or provision for, all underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, brokerage commissions and other out-of-pocket fees and expenses actually incurred in connection with such Equity Issuance.

  • Purchase Proceeds means any cash amounts received by the Master Servicer in connection with: (i) the repurchase of a Mortgage Loan or an REO Mortgage Loan by a Seller pursuant to Section 2.3 or (ii) the purchase of the Mortgage Loans and REO Properties by the Depositor, the Master Servicer, the Special Servicer or the holders of the Class R-I Certificates pursuant to Section 10.1(b).

  • Gross Proceeds means the aggregate purchase price of all Shares sold for the account of the Company through an Offering, without deduction for Organization and Offering Expenses.

  • Net Proceeds Amount means, with respect to any Transfer of any property by any Person, an amount equal to the difference of

  • Net Available Proceeds means:

  • Net Cash Proceeds with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Capital Proceeds means the gross receipts received by the Company from a Capital Transaction.

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • 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).

  • Noncash proceeds means proceeds other than cash proceeds.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Repurchase Proceeds the Repurchase Price in connection with any repurchase of a Mortgage Loan by the Seller and any cash deposit in connection with the substitution of a Mortgage Loan.

  • Net Equity Proceeds means an amount equal to any Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of, Holdings or any of its Subsidiaries, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Cash Proceeds means proceeds that are money, checks, deposit accounts, or the like.

  • 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