Adjusted Gross Proceeds

Adjusted Gross Proceeds. Means, with respect to the sale, transfer, or disposition of any Residential Lot, an amount equal to (a) the Gross Proceeds generated by such sale, transfer or other disposition (including, without limitation, any amounts generated as a result of any Extras), minus (b) the actual costs incurred for any sales concessions and other sales incentives in connection with such sale, transfer or other disposition.