Define: Proceeds
cash and other assets (including without limitation stock consideration) that are proceeds from the Liquidity Event or the Dissolution Event, as applicable, and legally available for distribution.
cash and other assets (including without limitation stock consideration) that are proceeds from the Liquidity Event or the Dissolution Event, as applicable, and legally available for distribution.
Relevant Circumstances
- When liquidity or dissolution events generate cash or shares for distribution
- If proceeds are payable to shareholders only after creditor claims are settled
- Where the form of proceeds (cash, stock, mixed) affects tax and timing
Relevant Sectors
- Trade & Commerce
- Legal Services
- Business Services