Distributable Proceeds Sample Clauses

Distributable Proceeds. Unless otherwise directed by the applicable holder of Series Interests, all Distributable Proceeds with respect to shares of SHI common stock held in the Series A Account or Series B Account shall be distributed to the applicable Series as soon as reasonably practicable following the completion of the sale.
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Distributable Proceeds. “Distributable Proceeds” shall mean any proceeds received by the Partnership and available for distribution as determined by the General Partner. For the avoidance of doubt, amounts (i) not otherwise provided by the Partnership Agreement and otherwise required to be retained under the Partnership Act, (ii) returned to the Partnership under the Purchase Agreement, including under Section 2.04, (iii) contributed or returned by CPPIB, Mosaic Feeder or any of their permitted transferees to the Partnership pursuant to Sections 4.03(b), 7.03(b) or 7.03(d), and (iv) retained pursuant to Section 4.03(a), are not “Distributable Proceeds.”
Sample 1
Distributable Proceeds. Distributable Proceeds resulting from ordinary operations of the Company will be specifically allocated and Distributed to the Members in proportion to their respective entitlement to the Distributions with respect thereto pursuant to and under the Management Agreement. Unless otherwise determined by the Members’ Approval, all other Distributable Proceeds, including any Distributable Proceeds from any sale or other disposition of the Company or its assets, shall be distributed to the Members in accordance with their respective book Capital Accounts.
Sample 1
Distributable Proceeds. To the extent the Partnership is unable to make a Preferred Return payment pursuant to this Section 6.2 in any quarter, the unpaid amount of the Preferred Return will be compounded semiannually at a rate of 8% per annum and paid in future quarters. No amounts shall be distributed to Partners pursuant to Section 6.1 (other than Section 6.1(a)(i)) if any Preferred Return amount required to be paid under this Section 6.2 is accrued but unpaid. Amounts paid pursuant to this Section 6.2 are intended to constitute payments of a preferred return for capital within the meaning of Treasury Regulations ss. 1.514(c)- 2(d)(2) and not guaranteed payments within the meaning of Section 707(c) of the Code.
Sample 1
Distributable Proceeds. For purposes of this Agreement, the term "Distributable Proceeds" shall include (A) all cash in Bank cash collateral accounts, and (B) all cash, property and securities (including, without limitation, equity securities in a reorganized GX or in a successor of GX) ("Securities") offered as part of the consideration paid by one or more purchasers in a consummated sale of assets, to the extent set aside for the benefit of or paid to the holders of the Prepetition Claims, as provided in Section 3(g)(i) above. For this purpose, consideration consisting of Securities shall be valued, in the case of Securities that are publicly traded, at the closing price as reported on the principal exchange where such Securities were last traded, on the day such securities were transferred by purchaser to GX (the "Funding Date").
Sample 1

Related to Distributable Proceeds

  • Distributable Cash Distributable Cash, as defined, means, with respect to any period of the Company’s operation, the gross cash receipts of the Company, including funds released from reserves, reduced by the sum of the following: (a) all principal and interest payments and other sums paid on or with respect to any indebtedness of the Company, (b) all cash expenditures incurred incident to the operation of the Company’s business, including without limitation, any capital expenditure, (c) all amounts due the Manager, and (d) such cash reserves as the Manager shall from time to time designate or as may otherwise be required by the terms of the Agreement or loan documents entered into by the Company in order to establish for working capital, compensating balance requirements, contingencies, payments of Distributions or the funding of any other cash or capital requirements of the Company.

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

  • Distribution of Collateral Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the Collateral or other assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Distribution of Proceeds In the event that, following the occurrence and during the continuance of any Event of Default, any monies are received in connection with the enforcement of any of the Loan Documents, or otherwise with respect to the realization upon any of the assets of the Borrower or the Guarantors, such monies shall be distributed for application as follows:

  • Net Sales Proceeds In the case of a transaction described in clause (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 (B) of such definition, 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 (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company 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 (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 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 (E) of such definition, 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 the last sentence 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 or more Assets within 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 in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.

  • Distribution of Liquidation Proceeds Subject to the terms and conditions hereof, the Administrative Agent shall distribute all Liquidation Proceeds in the order and manner set forth below:

  • Excess Liquidation Proceeds 21 FDIC..........................................................................................21 FHA...........................................................................................21

  • Distributions of Distributable Cash Except as otherwise provided in Article VII hereof, Distributable Cash for each Fiscal Year may be distributed to the Holders at such times, if any, and in such amounts as shall be determined in the sole discretion of the Trustees. In exercising such discretion, the Trustees shall distribute such Distributable Cash so that Holders that are regulated investment companies can comply with the distribution requirements set forth in Code Section 852 and avoid the excise tax imposed by Code Section 4982.

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall, subject to Section 17-607 of the Delaware Act, be distributed, unless the provisions of Section 6.3 require otherwise, 100% to the General Partner and the Unitholders in accordance with their respective Percentage Interests, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit, during the period since the Closing Date through such date, distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.

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