Effective Date Transactions means the transactions listed in Article V.E. “Entity” means an “entity” as defined in Bankruptcy Code section 101(15).

Effective Date Transactions means each of the following: (a) on or after the Effective Date (but not later than 20 Business Days after the Effective Date (subject to extension at the Administrative Agent’s reasonable discretion, but not to exceed an additional 20 Business Days)), the making of a one-time cash dividend to Holdings’ equity holders in the amount of approximately (i) $171,000,000 plus (ii) in the event the Effective Date Purchase is for a purchase price that is less than $40,000,000 but greater than $36,000,000, an amount equal to $40,000,000 minus the actual purchase price for the Effective Date Purchase (for the avoidance of doubt, if the amount paid for the Effective Date Purchase is equal to or less than $36,000,000, clause (ii) shall be zero) (the “Effective Date Dividend”) and (b) the consummation of the acquisition of certain clubs (and related assets) from existing franchisees, on or after the Effective Date (but not later than 20 Business Days after the Effective Date (subject to extension at the Administrative Agent’s reasonable discretion, but not to exceed an additional 20 Business Days)), for an amount not to exceed $40,250,000 (the “Effective Date Purchase”).

Examples of Effective Date Transactions in a sentence

On the Restatement Effective Date, the proceeds of the initial Commitments (in addition to Letters of Credit issued hereunder) will, subject to the Loan Cap, be used to finance a portion of the Restatement Effective Date Transactions and for general corporate purposes.
All the opinions, letters, certificates and evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance satisfactory to counsel to ILL, whose approval shall not be unreasonably withheld.
No Group Member intends to treat the Loan, the Restatement Effective Date Transactions, or any other transaction contemplated hereby as being a “reportable transaction” (within the meaning of Treasury Regulation section 1.6011-4).
The Loan Parties, on a consolidated basis, are, and after giving effect to the Restatement Effective Date Transactions and the Incurrence of all Indebtedness and obligations being Incurred in connection herewith and therewith will be, Solvent.
The Closing Date Transactions entered into by each Loan Party and the Restatement Effective Date Transactions to be entered into by each Loan Party are within such Loan Party’s corporate and other powers and have been duly authorized (to the extent such concept is relevant and applicable) by all necessary corporate and, if required, stockholder action.

More Definitions of Effective Date Transactions

Effective Date Transactions means the Transactions that have occurred, or that are contemplated or required by this Agreement to have occurred, on or before the Effective Date and prior to or simultaneously with the initial Borrowing or issuance of a Letter of Credit hereunder.

Effective Date Transactions means the transactions described in Section 5.2 of the Plan.

Effective Date Transactions means, collectively, the Effective Date Acquisition and the Effective Date Contribution.

Effective Date Transactions has the meaning assigned in Section 3.2.

Effective Date Transactions means, collectively the (a) entering into of this Agreement; (b) Effective Date Refinancing; (c) the consummation of the Senior Notes Offering; (d) the other transactions to occur pursuant to or in connection with the Loan Documents; and (e) the payment of all fees and expenses to be paid and owing in connection with the foregoing.

Effective Date Transactions means collectively, (a) the funding of the Loans hereunder on the Effective Date, (b) the repurchase of the common stock of the Borrower in an aggregate amount not to exceed $285,000,000and (c) the Effective Date Refinancing.

Effective Date Transactions means (a) the Transactions occurring on the Effective Date, (b) the incurrence of the 2029 Senior Notes and the 2031 Senior Notes, (c) the payment in full of all principal, premium, if any, interest, fees and other amounts due or outstanding under the Existing Credit Agreement, the termination of commitments thereunder and the discharge and release of all Guarantees and Liens existing in connection therewith and (d) the redemption of the Second Lien Notes and the 2026 Senior Notes.