Excess Proceeds definition: Copy, customize, and use instantly
Introduction
The term "Excess Proceeds" refers to the portion of funds remaining after satisfying specific financial obligations, such as paying off debts, covering transaction costs, or fulfilling contractual requirements. It is essential for determining how surplus funds are allocated, whether they are distributed to stakeholders, reinvested, or reserved for future use.
Below are various examples of how "Excess Proceeds" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Excess Proceeds" in a debt repayment context
This definition ties "Excess Proceeds" to remaining funds after settling outstanding debts.
"Excess Proceeds" means any funds remaining after the full repayment of outstanding principal, accrued interest, and applicable fees on a debt obligation, which may be distributed as specified in this Agreement.
Definition of "Excess Proceeds" in an asset sale context
This definition connects "Excess Proceeds" to surplus funds generated from selling assets.
"Excess Proceeds" refers to the net cash proceeds from the sale of assets that exceed the amounts required to satisfy secured obligations, transaction costs, and other designated liabilities.
Definition of "Excess Proceeds" in an insurance claim and recovery context
This definition links "Excess Proceeds" to insurance payouts exceeding covered losses.
"Excess Proceeds" means the portion of insurance claim payments received that exceeds the amount necessary to cover the actual loss, repair, or replacement costs of the insured asset.
Definition of "Excess Proceeds" in a corporate liquidation and bankruptcy context
This definition applies "Excess Proceeds" to funds remaining after liquidation expenses.
"Excess Proceeds" refers to the surplus funds available after settling creditors’ claims, administrative costs, and other priority payments during the liquidation or bankruptcy process.
Definition of "Excess Proceeds" in a foreclosure sale context
This definition ties "Excess Proceeds" to funds remaining after a foreclosure sale.
"Excess Proceeds" means any remaining funds from a foreclosure sale after satisfying the outstanding mortgage, liens, and associated legal costs, which may be distributed according to applicable laws.
Definition of "Excess Proceeds" in a bond issuance and redemption context
This definition connects "Excess Proceeds" to surplus funds after bond repayment.
"Excess Proceeds" refers to funds remaining after the redemption or repurchase of bonds, including principal and interest payments, which may be reallocated under the terms of the indenture agreement.
Definition of "Excess Proceeds" in a merger and acquisition context
This definition links "Excess Proceeds" to surplus funds after an M&A transaction.
"Excess Proceeds" means the net cash remaining after deducting transaction costs, assumed liabilities, and contractual obligations in a merger or acquisition.
Definition of "Excess Proceeds" in a legal settlement and damages award context
This definition applies "Excess Proceeds" to funds remaining after fulfilling settlement terms.
"Excess Proceeds" refers to the portion of a legal settlement or damages award that exceeds the amount required to compensate for legal fees, claims, and associated expenses.
Definition of "Excess Proceeds" in a structured finance and securitization context
This definition ties "Excess Proceeds" to funds from structured financial transactions.
"Excess Proceeds" means the surplus cash flow generated from securitized assets after satisfying principal and interest payments to noteholders, servicer fees, and other required allocations.
Definition of "Excess Proceeds" in a tax sale and delinquent property auction context
This definition connects "Excess Proceeds" to funds remaining after a tax lien sale.
"Excess Proceeds" refers to the amount received from a tax lien or delinquent property sale that exceeds the total amount of unpaid taxes, penalties, and sale-related costs.
Definition of "Excess Proceeds" in a private equity exit and distribution context
This definition links "Excess Proceeds" to surplus funds from private equity investments.
"Excess Proceeds" means the portion of net gains from an investment exit that remains after returning capital contributions, paying transaction fees, and meeting preferred return obligations.
Definition of "Excess Proceeds" in an IPO and equity financing context
This definition applies "Excess Proceeds" to surplus capital from a stock offering.
"Excess Proceeds" refers to the funds raised in an initial public offering (IPO) or equity financing that exceed the required capital for intended business operations, acquisitions, or debt repayment.
Definition of "Excess Proceeds" in a dividend and profit distribution context
This definition ties "Excess Proceeds" to remaining distributable profits.
"Excess Proceeds" means the net revenue or profits available for distribution to shareholders after all operational expenses, debt obligations, and reinvestment reserves have been met.
Definition of "Excess Proceeds" in a stock buyback and capital return context
This definition connects "Excess Proceeds" to funds available for stock repurchases.
"Excess Proceeds" refers to the surplus cash available after covering operational expenses, capital expenditures, and debt obligations, which may be used for stock repurchase programs or special dividends.
Definition of "Excess Proceeds" in a government contract and surplus funds context
This definition links "Excess Proceeds" to unspent funds in government projects.
"Excess Proceeds" means the remaining budget or surplus funds from a government contract or grant after all required expenditures have been made in accordance with contractual obligations.
Definition of "Excess Proceeds" in an escrow and trust fund distribution context
This definition applies "Excess Proceeds" to unclaimed or remaining escrowed funds.
"Excess Proceeds" refers to the portion of funds held in escrow or trust that remains after satisfying all designated payments, obligations, and settlement terms.
Definition of "Excess Proceeds" in a corporate debt refinancing and restructuring context
This definition ties "Excess Proceeds" to funds remaining after refinancing.
"Excess Proceeds" means any funds left after refinancing existing debt obligations, which may be used for reinvestment, acquisitions, or shareholder distributions.
Definition of "Excess Proceeds" in a joint venture and profit-sharing agreement context
This definition connects "Excess Proceeds" to surplus joint venture earnings.
"Excess Proceeds" refers to the portion of net revenues from a joint venture or partnership that remains after fulfilling operational costs, partner payouts, and reinvestment commitments.
Definition of "Excess Proceeds" in a liquidation preference and equity payout context
This definition links "Excess Proceeds" to distributions after liquidation preferences.
"Excess Proceeds" means the remaining funds after satisfying liquidation preferences of preferred shareholders, which may be distributed to common stockholders or retained for other corporate purposes.
Definition of "Excess Proceeds" in a trust and estate settlement context*
This definition applies "Excess Proceeds" to funds remaining after estate distributions.
"Excess Proceeds" refers to the funds or assets in an estate that remain after paying debts, taxes, and specific bequests, which may be allocated among residual beneficiaries.
Definition of "Excess Proceeds" in a capital project and construction financing context
This definition ties "Excess Proceeds" to funds left after project completion.
"Excess Proceeds" means the remaining funds from a construction or capital improvement project after all expenses, contractor payments, and lender obligations have been satisfied.
Definition of "Excess Proceeds" in a pension fund and retirement account surplus context
This definition connects "Excess Proceeds" to surplus retirement funds.
"Excess Proceeds" refers to the remaining assets in a pension or retirement plan that exceed future benefit obligations and administrative costs, subject to applicable regulations.
Definition of "Excess Proceeds" in a nonprofit and charitable fundraising context
This definition links "Excess Proceeds" to surplus nonprofit funds.
"Excess Proceeds" means the funds raised through donations, events, or grants that exceed the budgeted expenses for a nonprofit project, which may be redirected to other charitable initiatives.
Definition of "Excess Proceeds" in a municipal bond and public financing context
This definition applies "Excess Proceeds" to funds remaining from municipal debt issuances.
"Excess Proceeds" refers to the portion of funds from a municipal bond issuance that remains after covering public infrastructure costs, which may be reallocated per government regulations.
Definition of "Excess Proceeds" in a syndicated loan and lending context
This definition ties "Excess Proceeds" to surplus funds after loan syndication.
"Excess Proceeds" means any remaining funds from a syndicated loan facility after all required repayments, fees, and lender distributions have been satisfied.
Definition of "Excess Proceeds" in an overfunded escrow account context
This definition connects "Excess Proceeds" to surplus funds in escrow transactions.
"Excess Proceeds" refers to funds remaining in an escrow account after fulfilling all designated payments, which may be returned to the contributing parties or allocated per agreement terms.
Definition of "Excess Proceeds" in a litigation finance and legal funding context
This definition links "Excess Proceeds" to surplus litigation recoveries.
"Excess Proceeds" means the portion of litigation settlements or judgments remaining after repaying litigation funders, attorneys' fees, and reimbursable costs.
Definition of "Excess Proceeds" in a venture capital exit and fund distribution context
This definition applies "Excess Proceeds" to surplus capital returned to investors.
"Excess Proceeds" refers to the net cash available after a venture capital-backed company exit, following the return of invested capital and priority distributions to limited partners.
Definition of "Excess Proceeds" in a structured settlement and annuity payout context
This definition ties "Excess Proceeds" to surplus structured settlement payments.
"Excess Proceeds" means the funds available after satisfying structured settlement obligations, which may be redirected to beneficiaries or reinvested per agreement terms.
Definition of "Excess Proceeds" in a supplier contract and procurement refund context
This definition connects "Excess Proceeds" to unused supplier funds.
"Excess Proceeds" refers to funds remaining after fulfilling contractual purchase obligations, which may be refunded to the purchaser or allocated for future procurement.
Definition of "Excess Proceeds" in a foreign exchange transaction and currency conversion context
This definition links "Excess Proceeds" to currency exchange gains.
"Excess Proceeds" means any net gain derived from foreign exchange transactions or currency conversions after fulfilling contractual or regulatory obligations.
Definition of "Excess Proceeds" in an insurance subrogation and recovery context
This definition applies "Excess Proceeds" to recoveries exceeding insured losses.
"Excess Proceeds" refers to the amount recovered by an insurer in subrogation that exceeds the insured claim payout, subject to contractual and regulatory conditions.
Definition of "Excess Proceeds" in a monetization of intellectual property context
This definition ties "Excess Proceeds" to surplus income from licensing or sales.
"Excess Proceeds" means the net revenue generated from the licensing or sale of intellectual property that exceeds contractual repayment obligations and administrative costs.
Definition of "Excess Proceeds" in a debt-for-equity swap and restructuring context
This definition connects "Excess Proceeds" to surplus funds after debt conversion.
"Excess Proceeds" refers to any remaining capital after a debt-for-equity exchange, which may be allocated to equity holders or used for reinvestment.
Definition of "Excess Proceeds" in a performance-based compensation and executive bonus context
This definition links "Excess Proceeds" to incentive-based payouts.
"Excess Proceeds" means the portion of company revenue that exceeds pre-established performance targets, forming the basis for executive or employee bonus distributions.
Definition of "Excess Proceeds" in a charitable trust and endowment fund context
This definition applies "Excess Proceeds" to surplus charitable donations.
"Excess Proceeds" refers to unallocated or surplus charitable trust funds that remain after covering designated grant distributions and operational expenses.
Definition of "Excess Proceeds" in a mortgage refinancing and payout surplus context
This definition ties "Excess Proceeds" to funds after refinancing.
"Excess Proceeds" means the portion of funds from a refinanced mortgage that exceeds the amount necessary to repay the original loan, which may be used for personal or investment purposes.
Definition of "Excess Proceeds" in an inventory liquidation and retail closeout context
This definition connects "Excess Proceeds" to funds from overstock sales.
"Excess Proceeds" refers to the net revenue generated from inventory liquidation or closeout sales after covering costs, supplier payments, and markdown allowances.
Definition of "Excess Proceeds" in a surplus military equipment and government auction context*
This definition links "Excess Proceeds" to funds from government surplus sales.
"Excess Proceeds" means the revenue generated from the sale of decommissioned military or government-owned assets that exceeds administrative and disposal costs.
Definition of "Excess Proceeds" in a crowdfunding and investor contribution refund context
This definition applies "Excess Proceeds" to unused campaign funds.
"Excess Proceeds" refers to funds raised through crowdfunding or investor contributions that exceed the required project budget, which may be refunded or reallocated per campaign policies.
Definition of "Excess Proceeds" in a film production and entertainment revenue context
This definition ties "Excess Proceeds" to surplus revenue from media projects.
"Excess Proceeds" means the revenue earned from film, television, or media productions that exceeds initial production costs, distribution fees, and investor recoupment obligations.
Definition of "Excess Proceeds" in a blockchain and cryptocurrency transaction context
This definition connects "Excess Proceeds" to digital asset sales.
"Excess Proceeds" refers to funds gained from cryptocurrency sales or tokenized asset transactions that exceed the required payments, staking obligations, or smart contract commitments.
Definition of "Excess Proceeds" in a royalty payment and residual income context
This definition links "Excess Proceeds" to surplus earnings from royalties.
"Excess Proceeds" means the portion of royalty payments or residual earnings from intellectual property that remains after covering contractual obligations, agent fees, and administrative costs.
Definition of "Excess Proceeds" in a carbon credit trading and environmental compliance context
This definition applies "Excess Proceeds" to funds from carbon offset sales.
"Excess Proceeds" refers to the revenue from carbon credit sales that exceeds compliance costs, operational expenses, and required sustainability reinvestments.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.