Commitment Reduction Event means any event described in the definition of “Commitment Reduction Amount.”
Commitment Reduction Event means the incurrence after the date hereof of any Debt by the Borrower or any of its Subsidiaries in the form of debt securities or by the Borrower in the form of bank borrowings, other than (i) loan notes issued to shareholders of Target pursuant to the Offer, (ii) commercial paper borrowings, (iii) borrowings under the Credit Agreement dated as of June 13, 1997 among the Borrower, Xxxxx XxXxxxxx, Incorporated, the banks listed therein and The Chase Manhattan Bank, as Administrative Agent and (iv) any such Debt which is secured by a Lien permitted by Section 5.07.
Commitment Reduction Event means, without duplication:
Examples of Commitment Reduction Event in a sentence
Effective on the date that is five (5) Business Days after the effective date of each Revolving Commitment Reduction Event, the Revolving Commitment shall be automatically and permanently reduced in an amount equal to fifty percent (50%) of the net proceeds from such Revolving Commitment Reduction Event.
As used in this Section 2.04(b), “net proceeds” means that gross proceeds paid or payable in connection with any Disposition that constitutes a Revolving Commitment Reduction Event, after deducting therefrom, the directly related transaction costs and expenses of the Borrower, including advisory fees incurred by the Borrower and taxes paid or payable (as reasonably determined by the Borrower) by the Borrower on such Disposition.
More Definitions of Commitment Reduction Event
Commitment Reduction Event means the issuance or other incurrence by the Borrower or any of its Subsidiaries during the Relief Period of any unsecured Indebtedness pursuant to either (a) Section 7.01(i) in an aggregate principal amount outstanding in excess of $25,000,000 or (b) Section 7.01(o), in each case other than any such Indebtedness that constitutes Subordinated Debt.
Commitment Reduction Event. “Consolidated Cash Interest Expense”, “Consolidated EBITDA”, “Consolidated Fixed Charges”, “Consolidated Net Income,” “Consolidated Total Assets”, “Deferred Compensation Plans”, “Environmental Liability”, “Funded Indebtedness”, “Liquidity Amount”, “Material Indebtedness”, “Net Proceeds”, “Overdraft Facility”, “Permitted Encumbrances”, “Permitted
Commitment Reduction Event means: any sales, transfers or other dispositions (including pursuant to a sale and leaseback transaction, but excluding sales, transfers and dispositions to FDSI or any Subsidiary) of (i) any real property or any subsidiary, division or store (or all or substantially all of the assets of any subsidiary, division or store) by FDSI or any Subsidiary, in each case that either (A) arises or results from the Acquisition or (B) is made pursuant to a transaction or series of related transactions resulting in Net Proceeds exceeding $25,000,000, or (ii) the credit card businesses of FDSI, May or their respective subsidiaries, which sales, transfers and dispositions in the aggregate (in respect of clauses (i) and (ii)) provide Net Proceeds to FDSI or any Subsidiary of at least $100,000,000 from and after (I) in the case of the initial Commitment Reduction Event, the Effective Date and (II) in the case of each subsequent Commitment Reduction Event, the date of the preceding Commitment Reduction Event; the issuance by FDSI or any Subsidiary of any Equity Interests in the capital markets (which, for the avoidance of doubt, shall not include the issuance of Equity Interests to any officer, director or employee of FDSI or any Subsidiary pursuant to the exercise of stock options or any employee stock purchase plan or similar benefit plan); or the incurrence by FDSI or any Subsidiary of any long-term Indebtedness in the capital markets, other than to the extent such long-term Indebtedness refinances long-term Indebtedness of FDSI or any Subsidiary outstanding as of the date of this Agreement.
Commitment Reduction Event means (without duplication):
Commitment Reduction Event means (i) in the case of any Unused Applicable Proceeds, at any time that the aggregate amount of all Unused Applicable Proceeds since the Closing Date exceeds $10,000,000, and (ii) in the case of the proceeds from clause (b) of the definition of Bridge Loan Dispositions, at any time on and after the Closing Date.
Commitment Reduction Event means (a) any Equity Issuance occurring on or prior to December 30, 2005 and/or (b) the Disposition in whole or in part of the Secure Products Business.
Commitment Reduction Event means: