Common use of Portion of Excess Proceeds Clause in Contracts

Portion of Excess Proceeds. With respect to any Person, the sale of any -------------------------- BTA and any date of determination, a ratable portion (determined by reference to the respective amounts of the Advances, other vendor-financing advances, advances under other Permitted Loan Agreements and capital (including Subordinated Debt) contributed to the Borrower by such Person and other Persons, in each case as determined immediately after giving effect to any prepayment of Advances and other vendor-financing advances and advances under other Permitted Loan Agreements as a result of such sale) of the Excess Proceeds relating to such sale. Preceding Fiscal Quarter. See (S)7.05(d). ------------------------

Appears in 2 contracts

Sources: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)