Net Disposal Proceeds definition

Net Disposal Proceeds means, in relation to any Disposal of any Asset, any cash proceeds thereof from time to time that are to be received by or for the account of any member of the Group (i) net of any tax liability arising from such Disposal, and (ii) reasonable commissions, fees and expenses payable by any member of the Group in connection with such Disposal (without limitation, including pursuant to earn out provisions and taking into account the amount of any proceeds received in respect of repayment or disposal of any intra group loan) but excluding:
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Net Disposal Proceeds means the proceeds received in cash from any sale or disposal less any costs relating to the sale or disposal, any fees and any tax relating to the sale or disposal.
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Net Disposal Proceeds means the cash consideration received by any member of the Group (including any amount received in repayment of intercompany debt) for any Disposal made by any member of the Group except for any Exempt Disposal and after deducting:
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Examples of Net Disposal Proceeds in a sentence

  • A Borrower shall give written notice to the Lender of any expected receipt (and of the expected date of receipt) of any Net Disposal Proceeds, Insurance Proceeds or Capital Market Proceeds by any member of the Group as soon as reasonably practicable prior to such receipt and in any event shall give written notice to the Lender of the actual receipt of such proceeds by any member of the Group.

  • The Borrowers shall procure that, promptly upon receipt of the same by any Obligor but in any event within 10 Business Days of receipt by the relevant Obligor, an amount equal to the Net Disposal Proceeds received by any Obligor shall be applied in or towards prepayment of the Facilities in accordance with the provisions of this Agreement.

  • The Net Disposal Proceeds realised upon the disposal, prior to the delivery of a Loan Acceleration Notice, by any Receiver appointed by the Borrower Security Trustee of any of the Borrower Fixed Security assets (including those resulting from a Designated Airport Disposal) shall promptly following the completion of such disposal be credited to the Disposal Proceeds Account.

  • Proceeds Amounts SOSA shall, and shall procure that a relevant Obli▇▇▇ will, promptly deposit 100% of Net Disposal Proceeds and Insurance Proceeds Amounts in connection with a Total Loss or sale of a Vessel over which there is a first lien for the benefit of the Banks into Lock Box One.

  • Upon a sale of any of the shares in Hapag-▇▇▇▇▇ ▇▇ (other than to a member of the Group) then, upon receipt of the Net Disposal Proceeds for such sale of shares, all outstanding Loans and all other amounts accrued under the Finance Documents shall become immediately due and payable and the Facility will be immediately cancelled.


More Definitions of Net Disposal Proceeds

Net Disposal Proceeds means, in respect of a disposal, the gross proceeds of that disposal minus:
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Net Disposal Proceeds means the cash proceeds (including any amount received in repayment of intercompany debt) of any disposal of any asset of any member of the Group after deducting:
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Net Disposal Proceeds means the consideration receivable by any Borrower (including any amount receivable in repayment of intercompany debt) for any Disposal made by any Obligor except for Excluded Disposal Proceeds and after deducting:
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Net Disposal Proceeds means the consideration received by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee from the disposal of any Borrower Fixed Security assets made by the Borrower Security Trustee or any Receiver appointed by the Borrower Security Trustee, as the case maybe, and after deducting:
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Net Disposal Proceeds means the proceeds received in cash from any disposal less any costs relating to the disposal, any fees and any tax relating to the disposal.
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Net Disposal Proceeds means the aggregate consideration receivable by any member of the Group (in cash or in kind) in respect of all Disposals of the Aircraft Assets, after deducting all fees, costs and expenses and stamp, transfer, registration, notarial and other Taxes reasonably incurred by LUSAT or the Group directly in connection with such Disposals.
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Net Disposal Proceeds means, in relation to any disposal of any asset (other than a disposal of current assets (actifs circulants) made in the ordinary course of business or disposal of assets made to the benefit of another member of the Group), any cash proceeds (or in the case of consideration paid by way of an issue of debt, bond or equity instrument delivered to the transferor, an equivalent amount thereto) thereof from time to time that are to be received by or for the account of any member of the Group net of:
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