Common use of Disqualified Capital Stock Clause in Contracts

Disqualified Capital Stock. (t) the Borrower and the Restricted Subsidiaries may make Dispositions (including those of the type otherwise described herein) of property after the Closing Date for an aggregate fair market value per fiscal year not to exceed the greater of (x) $110,000,000 and (y) 15.0% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the Test Period most recently ended on or prior the date such assets are Disposed (measured as of such date) based upon the Internal Financial Statements most recently available on or prior to such date; provided that 100.0% of the unused amount of Dispositions permitted pursuant to this Section 10.4(t) may be carried forward to succeeding fiscal years and utilized to make Dispositions pursuant to this Section 10.4(t);

Appears in 2 contracts

Samples: Credit Agreement (MultiPlan Corp), Security Agreement (MultiPlan Corp)

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Disqualified Capital Stock. (t) the Borrower and the Restricted Subsidiaries may make Dispositions (including those of the type otherwise described herein) of property after the Closing Restatement Agreement Effective Date for in an aggregate fair market value per fiscal year amount not to exceed the greater of (x) $110,000,000 43,000,000 and (y) 15.015% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the Test Period most recently ended on or prior the date such assets are Disposed (measured as of such date) based upon the Internal Financial Statements most recently available on or prior to such date; provided that 100.0100% of the unused amount of Dispositions permitted pursuant to this Section 10.4(tclause (t) may be carried forward to succeeding fiscal years and utilized to make Dispositions pursuant to this Section 10.4(tclause (t);

Appears in 1 contract

Samples: And Restatement Agreement (Baldwin Insurance Group, Inc.)

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Disqualified Capital Stock. (t) the Borrower and the Restricted Subsidiaries may make Dispositions (including those of the type otherwise described herein) of property after the Closing Date for an aggregate fair market value per fiscal year not to exceed the greater of (x) $110,000,000 16,500,000 and (y) 15.0% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the Test Period most recently ended on or prior the date such assets are Disposed (measured as of such date) based upon the Internal Financial Statements most recently available on or prior to such date; provided that 100.0% of the unused amount of Dispositions permitted pursuant to this Section 10.4(t) may be carried forward to succeeding fiscal years and utilized to make Dispositions pursuant to this Section 10.4(t);

Appears in 1 contract

Samples: Credit Agreement (Snap One Holdings Corp.)

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