Net Sale Proceeds

Net Sale Proceeds. Amounts payable in respect of any refinancing or repayment of Indebtedness under any Indenture of Parent or any redemption of Parent Preferred Stock, provided that (A) any such Restricted Payment is funded solely with any Net Cash Proceeds of any sale of assets permitted by Section 10.4(c)(x) remaining after giving effect to the aggregate amount of such Net Cash Proceeds then paid (1) in accordance with Section 10.4(c)(x), (2) to acquire, restore or construct... up to $100,000,000 of assets useful in the business of the Primary Borrower and its Subsidiaries and/or (3) in respect of payments under the Partnership Parks Agreements permitted by Section 10.5(c)(ii) (such remaining amount, the "Net Sale Proceeds") and (B) such Restricted Payment is made within 11 months after the receipt of such Net Sale Proceeds. View More

Net Sale Proceeds. The cash proceeds, net of all brokerage and other selling expenses of the selling broker, realized in respect of each share of Preferred Stock upon the sale by a broker pursuant to Section 3.2(b) of the property constituting any Section 355 Distribution distributed in respect of such share of Preferred Stock.

Net Sale Proceeds. The sum of cash proceeds received from any sale of all or any portion of the Collateral, net of all commissions and other fees and all other out-of-pocket costs and expenses whatsoever incurred by the Credit Parties, the Senior Lenders and/or the Senior Agent in connection with such sale, including without limitation, legal fees and appraisal costs. 2