Closing Date Distribution definition

Closing Date Distribution as defined in the recitals.

Closing Date Distribution means one or more distributions of cash and accounts receivable made on (or within two Business Days after) the Original Closing Date by the Administrative Borrower to Enviva MLP Holdco, LLC in an aggregate amount not to exceed $26,500,000.

Closing Date Distribution means a distribution to the Current Holders (as defined in the Recapitalization Agreement) as contemplated by the Recapitalization Agreement.

Examples of Closing Date Distribution in a sentence

• Use the proceeds of the Credit Extensions for working capital and general corporate purposes, including, without limitation, the making of the Closing Date Distribution, in each case, not in contravention of any Law or of any Loan Document.

• The proceeds of the Term Loans received on the Closing Date shall be used (i) to effect the Refinancing, (ii) to pay fees, costs, and expenses relating to the Transactions, (iii) to fund the Closing Date Distribution, (iv) to effect the Pike West Coast Contribution and (v) for working capital, general corporate purposes and any other purpose not prohibited by this Agreement.

• The Borrower has used the proceeds of the Revolving Facility Loans and Swingline Loans, and may request the issuance of Revolving Letters of Credit, solely for general corporate purposes (including, without limitation, the Closing Date Refinancing, the Closing Date Distribution, Permitted Business Acquisitions and other Investments permitted by this Agreement).

• The proceeds of (a) the Term Loan will be used to make the Closing Date Distribution, to repay intercompany Indebtedness and for general corporate purposes, in each case, not in contravention of any Law or any Loan Document, and (b) any other Credit Extension will be used for working capital and general corporate purposes, in each case, not in contravention of any Law or any Loan Document.

• The Borrower will (or will direct a Credit Party to) use the proceeds of the Term Loans on the Closing Date, directly or indirectly through one or more related transactions, to finance (i) the Closing Date Distribution, (ii) the other Transactions, (iii) the payment of related fees, costs and expenses (including any upfront fees and original issue discount) related to the foregoing transactions, (iv) to cash collateralize existing letters of credit and (vi) working capital and general corporate purposes.

More Definitions of Closing Date Distribution

Closing Date Distribution means payment of a cash distribution by the Borrower to GasCo on the Closing Date (or promptly thereafter in respect of Transactions consummated on the Closing Date but from which such proceeds are not immediately available) in an amount not to exceed $475,000,000.

Closing Date Distribution means payment of a cash distribution by the Borrower on the Closing Date in an amount not to exceed the net proceeds of the Qualified IPO and the initial borrowings hereunder.

Closing Date Distribution means the distribution of cash from the MLP to Holdings and/or one or more of Holdings’ Subsidiaries on the Effective Date in an aggregate amount not to exceed (a) the gross proceeds from the issuance of the Common Units on the Effective Date plus (b) the initial Borrowing under this Agreement on the Effective Date less (c) all expenses paid by the MLP on the Effective Date in connection with the Transactions and the transactions related thereto, including this Agreement, all as further described in the Registration Statement.

Closing Date Distribution means (a) the $50,000,000 distribution from the Borrower to the General Partner on the date of the initial Revolving Credit Borrowing under this Agreement and (b) the distributions of the net proceeds of the Common Units offering (after certain deductions) from the Borrower to Tesoro and certain of its Affiliates on the date of the initial Revolving Credit Borrowing under this Agreement, as further described in the Registration Statement.

Closing Date Distribution means (i) a distribution by (a) the Borrower to Holdings and (b) Holdings to its equity holders and as payment of Directors’ Fee Payments (it being understood that Borrower may, on behalf of Parent, pay amounts under this clause (b)), (ii) a payment by the Borrower of the Bonus and Severance Payments and (iii) a payment by the Borrower of any withholding, employer or similar payroll or employment taxes in respect of the Bonus and Severance Payments; provided that, (x) collectively, the payments in respect of clauses (i) and (ii) shall be in an aggregate amount of up to $1,350,000,000 and shall be made on or around the Closing Date and (y) payments in respect of clause (iii) shall be made in the ordinary course of business; it being understood that the recipients of Bonus and Severance Payments and Directors’ Fee Payments shall not receive a distribution, dividend or dividend equivalent, but rather shall receive their share of the Closing Date Distribution in the form of a performance bonus, severance or additional directors fees, as applicable, subject to any withholding or similar taxes payable by the Borrower in respect of the Bonus and Severance Payments.

Closing Date Distribution means (i) the payment by the Borrower no later than 45 days following the Closing Date with the proceeds of loans advanced under this Agreement, the Revolving Credit Agreement and the New Senior Notes and/or cash on hand of a return of capital or other distribution to Holdings not to exceed $1,700,000,000 in the aggregate, and (ii) the payment by Holdings within 45 days of the Closing Date of a return of capital or other distribution to its equity holder not to exceed the amount received as a return of capital or other distribution from the Borrower pursuant to clause (i) above.

Closing Date Distribution has the meaning assigned to such term in the recitals to this Agreement.