Net Proceeds

Net Proceeds. The entire proceeds of any insurance required under clauses (i), (iv), (v) or (vi) of Paragraph 14(a), less any actual and reasonable expenses incurred by Landlord in collecting such proceeds.

Net Proceeds. In respect of any products or services in which the Licensed IP is utilized, for any applicable period of determination, the gross receipts of royalty and other amounts received (whether as payments, credits or offsets) by RBT from or on behalf of a non-Affiliated third party sublicensee reduced by (i) the direct costs and expenses incurred by RBT with respect to such non-Affiliated third party sublicensee for the applicable period, including without limitation government taxes or duties... imposed by any governmental agency, and (ii) any refunds or returns to the non-Affiliated third party sublicensee of previously paid amounts. View More

Net Proceeds. With respect to a Change in Control means all of the cash, assumed liabilities, and the fair market value (as determined in good faith by the Board) on the closing date of all other property that is paid by a third party or by the Company to the Company's stockholders or others equity stakeholders (e.g., option or warrant holders), or which 6 is paid to the Company in the case of a Change in Control structured as an asset sale or similar transaction, in consideration for their... shares or any convertible debt or other equity-linked securities (warrants or options) held by the Company's stockholders or any third party convertible debt holders or holders of other equity-linked securities (or in consideration of the assets of the Company in the case of a Change in Control structured as an asset sale or similar transaction). The term "Net Proceeds" excludes, without limitation, (i) any amounts paid into escrow or subject to earn-outs or other contingencies until such amounts have been released from escrow or the earn-out or other contingencies are satisfied, and (ii) any transaction fees of the Company incurred in connection with the transaction that are assumed or paid by the purchaser (such as fees related to legal services, financial advisory services, investment banking services or other professional services). The amount of the Severance paid hereunder shall not reduce the amount of the Net Proceeds. For purposes of clarity, the term Net Proceeds is generally intended to capture only those amounts that are received by all of the Company's stockholders or other equity holders (or by the Company in the case of an asset sale). For example, if portions of the aggregate consideration in a merger transaction are paid at closing to various service providers to satisfy transaction fees (legal, accounting or investment banking services), the intent is to include only the "net" consideration that is ultimately paid to all stockholders or the Company within this definition. However, any part of the merger consideration that is directed or used toward the payment of the Severance is not intended to result in a reduction or offset of the "net" amount that is considered to be paid to stockholders or the Company. View More

Net Proceeds. Means an amount equal to the Gross Proceeds, less the Underwriting Amount.

Net Proceeds. Shall mean Gross Proceeds less all brokerage, clearing and delivery related fees and charges associated with the generation of such Gross Proceeds, including but not limited to, commission and execution fees, ticket and deposit fees, DTC and Non-DTC, transfer agent and clearing agent fees.

Net Proceeds. Shall mean 100% of the Gross Proceeds, less any reasonable third-party out-of-pocket costs incurred and paid before, at or after the closing by CoreComm, directly and primarily in connection with the sale, including, without limitation, fees and expenses paid to professionals for services relating to the marketing (including brokerage fees and expenses), documentation and closing of the sale, fees and charges imposed as a result of or relating to the sale and all other out of pocket expenses... payable to the SBC Midwest ILECs or a third party relating to the sale, severance costs, Transition Charges, Collocation Termination Expenses, and transfer, sales and other taxes (but excluding income taxes). View More

Net Proceeds. Shall mean with respect to any Payment Event, (a) the cash proceeds received by Borrower and its subsidiaries in respect of such Payment Event, including any cash received in respect of any non-cash proceeds, but only as and when received, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses paid by Borrower and its subsidiaries to third parties in connection with such Payment Event, and (ii) the amount of all taxes paid (or reasonably estimated to be payable) by Borrower... and its subsidiaries, and (iii) the amount of any reserves established by Borrower and its subsidiaries to fund contingent liabilities reasonably estimated to be payable, in cash during the year that such Payment Event occurred or the next succeeding year and that are directly attributable to such Payment Event (as determined reasonably and in good faith by the chief financial officer of Borrower). In the case of Net Proceeds denominated in a currency other than dollars, the amount of such Net Proceeds shall be the dollar equivalent thereof based upon the exchange rates prevailing at the time. -3- View More

Net Proceeds. The entire proceeds of any insurance required under clauses (i), (iv), or (v) of Paragraph 14(a), less any actual and reasonable expenses incurred by Landlord in collecting such proceeds; provided, however, that the term "Net Proceeds" shall exclude any amounts paid to Tenant for Tenant's Trade Fixtures and other personal property.

Net Proceeds. (i) gross proceeds received by the Company, or, if the Liquidation does not involve payment to the Company, by Trilon or its successor and any other then shareholder(s), as the result of a Liquidation, minus (ii) any Debt of the Company not assumed or paid, directly or indirectly, by another entity as the result of the Liquidation, minus (iii) transaction costs expended by the Company in the Liquidation not paid to any affiliate of Dominion Resources, Inc.

Net Proceeds. Shall mean any and all proceeds of any Collateral (including, without limitation, any proceeds realized from any collection, sale or other disposition of any Collateral or from any set-off, deduction or counterclaim) remaining after payment in full of any security interests or liens of any other Person that are senior in priority to the most senior security interests and liens in, to, and/or on any such Collateral of the following: the Working Capital Agent, the Secured Loan Agent, the US... Security Trustee, the Working Capital US Collateral Agent, the Working Capital UK Collateral Agent and/or the UK Security Trustee, but shall exclude any such proceeds that the Secured Loan Lender Group is or was entitled to receive pursuant to the provisions of the Secured Loan Agreement (as in effect on the date hereof) prior to the commencement (and continuation) of any Enforcement relating to the Working Capital Obligations. View More