Excess Sale Proceeds definition

Excess Sale Proceeds has the meaning specified in Section 8.8(c)(ii)(B).

Excess Sale Proceeds means Net Proceeds of a Disposition by the Borrower or any of its Restricted Subsidiaries pursuant to Section 7.06(m) that have not been applied within two hundred seventy (270) days after the date of receipt of such Net Proceeds to the purchase of capital assets used in the Present Line of Business.

Excess Sale Proceeds has the meaning specified in Section 7.05(c).

Examples of Excess Sale Proceeds in a sentence

• By entering into this Agreement, Owner acknowledges that County shall have no obligation to reconvey the Performance Deed of Trust or this Agreement unless and until the Excess Sale Proceeds are paid to County.

• Owner further acknowledges that the formula used to determine the amount of the Excess Sale Proceeds is intended to cause Owner to receive the same or less net sale proceeds from the unrestricted sale of the Property as Owner would have received if the Property had been sold to an Eligible Household at the Adjusted Resale Price.

• Excerpts from the tax invoice and final statement would include: Supplier: KSA BankTIN: 00003 23232 30000 Recipient:KSA Natural Person (Customer) Fees for default sale 2% of SAR 2,000,00040,000VAT at 5%2,000Less: Excess Sale Proceeds (SAR 2,000,000 – SAR1,000,000 balance owed) (1,000,000)Total Payable to Customer(Natural Person)(958,000) Syndicated loans Under syndicate loan arrangements, a group of lenders will be involved in offering the loan.

• For purposes of this section, the Adjusted Resale Price shall be calculated as of the earlier of: (i) the date of close of escrow for the sale of the Property to the third party, or (ii) the date the County receives Notice of Intent to Transfer pursuant to Section 5.1. This amount of any Excess Sale Proceeds shall be a debt of Owner to County and shall be secured by the Performance Deed of Trust.

• For purposes of this section, the Adjusted Resale Price shall be calculated as of the earlier of: (i) the date of close of escrow for the sale of the Property to the third party, or (ii) the date the County receives Notice of Intent to Transfer pursuant to Section 5.1. This amount of any Excess Sale Proceeds shall be a debt of Owner to County and shall be secured by the Performance Deed of Trust.6.3.2 Upon Foreclosure.

More Definitions of Excess Sale Proceeds

Excess Sale Proceeds means all of the Cash held by the Debtors’ Estates on each Distribution Date, including the Cash Consideration (as defined in the Asset Purchase Agreement) under the Asset Purchase Agreement, less the amounts used to pay the DIP Claims and Other Secured Claims, if any, in full, in cash, and the amounts used to fund the Professional Claims Reserve, the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Wind-Down Reserve; provided that Excess Sale Proceeds shall exclude any and all (a) proceeds of Avoidance Actions and (b) proceeds of Causes of Action of the Debtors, in each case, that are vested in the Litigation Trust on the Effective Date.

Excess Sale Proceeds is defined in Section 8.2.8(b). -------------------- ----------------

Excess Sale Proceeds shall have the meaning set forth in Section 6G(iii)(c)(II).

Excess Sale Proceeds means, with respect to any Excess Sale Event, either (1) if an Excess Sale Event is deemed to occur pursuant to clause (1) of the definition thereof, the amount by which the Net Proceeds of all such asset sales made during the preceding twelve (12) months exceeds 15% of Consolidated Total Assets as determined at the end of the immediately preceding fiscal year or (2) if an Excess Sale Event is deemed to occur pursuant to clause (2) of the definition thereof, the amount by which the Net Proceeds of all such asset sales made during the preceding thirty-six (36) months exceeds 30% of Consolidated Total Assets as determined at the end of the fiscal year nearest to the date thirty-six (36) months prior to such sale of assets.

Excess Sale Proceeds means any proceeds from the Sale in excess of the amount that is required to pay the AFP Secured Claim.

Excess Sale Proceeds means the Owner’s obligation to pay to the City the difference between the amount that Owner would have received from sale of the Property to an Eligible Household at the Adjusted Resale Price, and the amount received from sale of the Property to a Market Purchaser or in other circumstances as described in Section 6.3.

Excess Sale Proceeds means, during any period of determination, Borrower’s proceeds from the sale of assets (except for the sale of Inventory in the ordinary course of business), which is not used by Borrower for the replacement of the assets sold, in excess of $100,000 in the aggregate in any fiscal year of Borrower.