Net Cash Proceeds

Example Definitions of "Net Cash Proceeds"
Net Cash Proceeds. With respect to any Disposition (other than the Disposition of the Assets from Vivakor to VivaSphere), an amount equal to the cash proceeds received by VivaSphere (or any affiliate thereof) from or in respect of such Disposition (including deferred payments and cash proceeds of any non-cash proceeds of such transaction), less (a) any out-of-pocket expenses that are reasonably incurred by VivaSphere (or any affiliate thereof) in connection therewith (including, without limitation, legal,... accounting and other professional fees, sales commissions, fees and charges), and (b) any taxes paid or reasonably estimated by VivaSphere (or any affiliate thereof) to be payable by VivaSphere (or any affiliate thereof) in respect of such Disposition, any portion of such proceeds deposited in an escrow account pursuant to the documentation relating to a Disposition and any portion of such proceeds which VivaSphere (or any affiliate thereof) determines in its reasonable business judgment should be reserved for post-closing adjustments and indemnities with respect to such Disposition. View More
Net Cash Proceeds. (a) In connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form of cash and cash equivalents (including any such proceeds actually received from deferred payments), net of attorneys' fees, accountants' fees, investment banking fees, amounts required to be reserved for indemnification, adjustment of purchase price or similar obligations pursuant to the agreements governing an Asset Sale and other customary fees and expenses actually incurred in connection therewith... and net of taxes paid (after taking into account any available tax credits or deductions and any tax sharing arrangements) and (b) in connection with any issuance or sale of equity interests or any incurrence of Debt, the cash proceeds received from such issuance or incurrence, net of attorneys' fees, investment banking fees, accountants' fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith. View More
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