Borrower Collateral Unit Net Proceeds

Example Definitions of "Borrower Collateral Unit Net Proceeds"
Borrower Collateral Unit Net Proceeds. Gross sale proceeds related to the sale of a given Borrower Collateral Unit (excluding in-store and underground inventory sales proceeds and credits received at closing for such Borrower's prepaid expenses and security deposits) less reasonable, ordinary and necessary, third party, arms length equipment/operating lease payoffs and transaction costs, all as approved in advance by LaSalle in writing.
Found in UNI MARTS INC contract
Borrower Collateral Unit Net Proceeds. Gross Means gross sale proceeds related to the sale of a given Borrower Collateral Unit (excluding in-store and underground inventory sales proceeds and credits received at closing for such Borrower's prepaid expenses and security deposits) less reasonable, ordinary and necessary, third party, arms length equipment/operating lease payoffs and transaction costs, all as approved in advance by LaSalle WAMU in writing.
Found in UNI MARTS INC contract
Borrower Collateral Unit Net Proceeds. Gross sale proceeds related to the sale of a given Borrower Collateral Unit (excluding in-store and underground inventory sales proceeds and credits received at closing for such Borrower's Uni-Mart's prepaid expenses and security deposits) less reasonable, ordinary and necessary, third party, arms length equipment/operating lease payoffs and transaction costs, all as approved in advance by LaSalle in writing.
Found in UNI MARTS INC contract
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