(50)Any net proceeds from the transfer of assets or liabilities of the undertaking under resolution when applying the sale-of-business tool should benefit the undertaking left in the winding-up proceedings. Any net proceeds from the transfer of shares or other instruments of ownership issued by the undertaking under resolution when applying the sale-of-business tool should benefit the owners of those shares or other instruments of ownership, provided that policy holders and other creditors are compensated first, to the extent that their claims have been written down without being fully compensated. Proceeds should be calculated net of the costs arisen from the failure of the insurance or reinsurance undertaking and from the resolution process.