Permitted Preferred Stock. At all times prior to the Maturity Date and thereafter until the payment in full in cash of all Obligations then due and payable hereunder and under the other Credit Documents, the Borrower shall pay Dividends on the Permitted Preferred Stock only in additional shares of Permitted Preferred Stock.
Permitted Preferred Stock. The Series A Preferred Stock of Pegasus Satellite Television of Virginia, Inc. having a liquidation preference of $3,000,000, issued in connection with a prior acquisition, and (b) any other preferred stock of any of the Companies issued to Sellers in connection with Permitted Acquisitions which (i) has terms and conditions satisfactory to the Agent and (ii) without limiting the generality of the foregoing, (A) will have no redemption or other exit rights which arise earlier than one year after the scheduled maturity of the Notes, (B) will not be redeemable, in any event (other than with shares of the common stock of the Companies or securities of the Parent issued without any resulting Event of Default), until all of the Obligations have been paid in full in cash, (C) will not carry any dividend rights (other than dividends paid in shares of Permitted Preferred Stock or common stock of the Companies or the Parent issued without any resulting Event of Default), and (D) will otherwise conform with the meaning of "Qualified Subsidiary Stock", as such term is defined in the PCC Preferred Stock Designation. Permitted Seller Debt. Indebtedness of the Companies (other than Indebtedness described in Schedule 7.01) to Sellers incurred in connection with Permitted Acquisitions which (a) has terms and conditions satisfactory to the Agent and (b) is not secured other than by a Seller Letter of Credit. Permitted Seller Debt Outstandings. As of any date, all principal, overdue interest and other amounts then outstanding in respect of Permitted Seller Debt, but excluding accrued interest which is not yet overdue. Permitted Seller Subordinated Debt. Indebtedness of the Companies to Sellers which is incurred in connection with Permitted Acquisitions and (a) is subordinated to any Indebtedness of the Companies to the Agent or the Lenders pursuant to one or more Seller Subordination Agreements and (b) is unsecured. Person or person. Any individual, corporation, partnership, limited liability company, joint venture, trust, business unit, unincorporated organization, or other organization, whether or not a legal entity, or any government or any agency or political subdivision thereof. Pricing Period. See Section 1.03.
Permitted Preferred Stock. The Series A Preferred Stock of Pegasus Satellite Television of Virginia, Inc. having a liquidation preference of $3,000,000, issued in connection with a prior acquisition, and (b) any other preferred stock of any of the Companies issued to Sellers in connection with Permitted Acquisitions which (i) has terms and conditions satisfactory to the Agent and (ii) without limiting the generality of the foregoing, (A) will have no redemption or other exit rights which arise earlier than one year after the scheduled maturity of the Notes, (B) will not be redeemable, in any event (other than with shares of the common stock of the Companies or securities of the Parent issued without any resulting Event of Default), until all of the Obligations have been paid in full in cash, (C) will not carry any dividend rights (other than dividends paid in shares of Permitted Preferred Stock or common stock of the Companies or the Parent issued without any resulting Event of Default), and (D) will otherwise conform with the meaning of "Qualified Subsidiary Stock", as such term is defined in the PCC Preferred Stock Designation. Permitted Seller Debt. Indebtedness of the Companies (other than Indebtedness described in Schedule 7.01) to Sellers incurred in connection with Permitted Acquisitions which (a) has terms and conditions satisfactory to the Agent and (b) is not secured other than by a Seller Letter of Credit.
Permitted Preferred Stock. As used herein, "Permitted Preferred Stock" shall mean any preferred stock of the Borrower that (I) does not require the Borrower to pay a dividend on account of such preferred stock (other than in connection with the requirement under any preferred stock, if a dividend is being paid on the common stock, to pay a dividend in an equal amount per share as that paid on the common stock) and (II) is not mandatorily redeemable or redeemable at the option of the holder thereof. The Borrower agrees and acknowledges that it is prohibited from paying any dividend or other distribution on account of its capital stock or any Right other than dividends or distributions payable in the Borrower's common stock, in a Right or in Permitted Preferred Stock."
Permitted Preferred Stock. At all times prior to the Expiration Date and thereafter until the payment in full in cash of all Obligations then due and payable hereunder, the Borrower shall pay Dividends on the Permitted Preferred Stock only in additional shares of Permitted Preferred Stock.
Permitted Preferred Stock. Receipt by the Administrative Agent of evidence in form and substance reasonably satisfactory to the Administrative Agent and the Lenders that the holders of the Permitted Preferred Stock required to consent to the transactions contemplated hereby pursuant to the documentation governing the Permitted Preferred Stock shall have consented to the transactions contemplated hereby in accordance with the terms and conditions of the documentation governing the Permitted Preferred Stock. Without limiting the generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance with the conditions specified in this Section 5.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the Closing Date specifying its objection thereto.
Permitted Preferred Stock. Receipt by the Administrative Agent of (i) the certificate of designation (or comparable instrument) and all documentation in connection with the Permitted Preferred Stock and all other preferred equity interests of the Borrower and each Guarantor, in each case certified by a Responsible Officer of the Borrower as true and complete in all material respects, which shall, in each case, be in form and substance reasonably satisfactory to the Lenders and (ii) evidence in form and substance satisfactory to the Administrative Agent and the Lenders that the holders of the Permitted Preferred Stock shall have, in accordance with the terms and conditions of the documentation governing the Permitted Preferred Stock, (A) agreed to not require any mandatory redemption of the Permitted Preferred Stock (other than any redemptions made in accordance with Section 8.06(c)) until no earlier than the date that is six (6) months after the earlier to occur of (x) the Maturity Date and (y) the date that all Obligations have been paid in full and all Loan Documents have been terminated and (B) to the extent required pursuant to the documentation governing the Permitted Preferred Stock, consented to the transactions contemplated hereby. Without limiting the generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance with the conditions specified in this Section 5.02, each Lender that has funded its Applicable Percentage of the Term Loan on the Funding Date shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Funding Date specifying its objection thereto.
Permitted Preferred Stock. To the extent Company receives proceeds from an equity offering and desires to apply such proceeds to make an acquisition or to make capital expenditures not otherwise permitted by this Agreement, upon request of Company that Requisite Lenders consent to such use of such proceeds, Lenders will give reasonable consideration to such request, taking into account all relevant factors at the time of such request.
Permitted Preferred Stock. Preferred stock issued by any of the Borrowers after the date hereof which does not, until the Obligations have been paid in full and the Commitments are terminated, pay any current dividends and which the holders thereof do not, until the Obligations have been paid in full and the Commitments are terminated, have any ability to require any redemption or repurchase of such stock by the issuer thereof.
