Qualified Proceeds definition

Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Issuer in good faith.

Qualified Proceeds means the fair market value of assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business.

Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Borrower in good faith.

Examples of Qualified Proceeds in a sentence

• After paying such amounts, if any, Qualified Intermediary shall hold the remainder of the Qualified Proceeds for the purpose of acquiring the Replacement Property as provided in this Agreement.

• By using this channel mapping mechanism, the modules no longer display structural dependency on their local environment, and may be reused in different systems.

• If the Replacement Property Cost (hereafter defined) for an Exchange exceeds the Qualified Proceeds for such Exchange, then the applicable Exchanger shall provide Qualified Intermediary with sufficient available funds at least 1 business day prior to the date upon which the distribution is required.

• Qualified Intermediary hereby directs the applicable Exchanger to transfer ownership to and possession of each relinquished Asset designated as a Relinquished Property directly to the relevant Transferee upon delivery to Qualified Intermediary of the Qualified Proceeds by the Transferee and in accordance with Treasury Regulation Section 1.1031(k)-1(g)(4)(iv)(B).

• Upon the occurrence of the Termination Event, Qualified Intermediary shall pay to the applicable Exchanger the remaining Qualified Proceeds for such Exchange, provided that no amounts are owed to Qualified Intermediary with respect to any transaction described herein.

More Definitions of Qualified Proceeds

Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business.

Qualified Proceeds means any of the following or any combination of the following:

Qualified Proceeds means the fair market value of assets that are used or useful in, or Equity Interests of any Person engaged in, a Similar Business.

Qualified Proceeds means the fair market value of assets that are used or useful in, or Capital Stock of any Person engaged in, the Oil and Gas Business.

Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Permitted Business.

Qualified Proceeds means assets that are used or useful in, or Capital Stock of any Person engaged in, a Permitted Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Board of Directors of the Issuer in good faith, except that in the event the value of any such assets or Capital Stock exceeds $25.0 million or more, the fair market value shall be determined by an Independent Financial Advisor.

Qualified Proceeds means any of the following or any combination of the following: (i) cash, (ii) Cash Equivalents, (iii) assets that are used or useful in a Permitted Business and (iv) the Capital Stock of any Person engaged in a Permitted Business if, in connection with the receipt by the Company or any Restricted Subsidiary of the Company of such Capital Stock, (a) such Person becomes a Restricted Subsidiary of the Company or any Restricted Subsidiary of the Company or (b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or any Restricted Subsidiary of the Company.