Available Dividends Amount definition
Available Dividends Amount means, at any time, (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Section 11.5(b)(11), minus (ii) the sum of (a) the amount of the Available Dividends Amount utilized by the Borrower or any Restricted Subsidiary to make Investments pursuant to clause (xiii) of the definition of Permitted Investments utilizing the Available Dividends Amount and (b) the amount of the Available Dividends Amount utilized by the Borrower or any Restricted Subsidiary to make Restricted Debt Payments pursuant to Section 11.5(b)(18) utilizing the Available Dividends Amount.
Available Dividends Amount means, at any time $150,000,000, plus or minus, as the case may be, for each fiscal quarter ending on or after December 31, 2003 and prior to such time that such Dividend is paid (x) if Consolidated Net Income for such fiscal quarter is a positive amount, an amount equal to 50% of Consolidated Net Income for such fiscal quarter and (y) if Consolidated Net Income for such fiscal quarter is a negative amount, an amount equal to 100% of Consolidated Net Income for such fiscal quarter. Notwithstanding the foregoing, the Available Dividends Amount shall at no time be an amount less than $150,000,000 minus any Dividends previously paid pursuant to Section 8.09(a)(iii).
Available Dividends Amount appearing in Section 10 of the Credit Agreement is hereby deleted in its entirety and the following new definition is inserted in lieu thereof: