Net Available Proceeds

Net Available Proceeds. Means, in the case of any Equity Issuance or the issuance of the 8% Convertible Subordinated Debt, the aggregate amount of all cash received by the Borrowers and their Subsidiaries in respect of such Equity Issuance or Debt, net of reasonable expenses and customary fees and commissions incurred by the Borrowers and their Subsidiaries in connection therewith.

Net Available Proceeds. With respect to any Commitment Reduction Event, the aggregate amount of all cash received by the Borrowers and their Subsidiaries in respect of such Commitment Reduction Event, net of (i) any legal, title and recording tax expenses, financial advisory fees, commissions and other fees and expenses paid or payable by any such Person in connection therewith and (ii) (in the case of any Disposition) any income or other taxes paid or reasonably estimated to be payable by any such Person as a result... thereof View More