Eligible Reinvestment means (a) any acquisition (whether or not constituting a capital expenditure, but not constituting an Acquisition) of assets or any business (or any part thereof) used or useful in a Permitted Line of Business and (b) any Acquisition.
Eligible Reinvestment means (i) any acquisition (whether or not constituting a capital expenditure, but not constituting an Acquisition) of Eligible Assets and (ii) any Permitted Acquisition.
Eligible Reinvestment means (i) any acquisition (whether or not constituting a capital expenditure, but not constituting an Acquisition) of assets or any business (or any substantial part thereof) used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extensions or expansions thereof) and (ii) any Permitted Acquisition. The term "Eligible Reinvestment" shall not include any item which is not a permitted application of proceeds of an "Asset Sale" (or any comparable term) under, and as defined in the documents evidencing or governing any Subordinated Indebtedness.
Examples of Eligible Reinvestment in a sentence
ADJUSTMENTS TO THE PRINCIPAL AMOUNT OF THE NOTES 4.1 Following a request by the Dealer no later than the relevant Eligible Reinvestment Cut-off Time, the Issuer may on any Instalment Date immediately following payment of any Instalment Amount either (i) purchase and cancel in part or in whole any Class of Notes; or(ii) issue further Notes in accordance with Condition 21 (Further Issues).
More Definitions of Eligible Reinvestment
Eligible Reinvestment means (i) any acquisition (whether or not constituting a capital expenditure, but not constituting an Acquisition) by a Consolidated Party of assets or any business (or any substantial part thereof) used or useful in the same or a substantially similar line of business as the Consolidated Parties were engaged in on the Closing Date (or any reasonable extensions or expansions thereof) and (ii) any Permitted Acquisition. If any Subordinated Debt or Qualified Preferred Stock shall have been issued, the term "Eligible Reinvestment" shall not include any item which is not a permitted application of proceeds of an "Asset Sale" (or any comparable term) under, and as defined in, any Junior Financing Documentation.
Eligible Reinvestment an acquisition of assets that is (i) not prohibited under Section 5.2(b)(ii) and (ii) an acquisition of another business or any substantial part of another business or other long-term assets, in each case, in, or used or useful in, the same or a similar line of business as the Company and its Subsidiaries were engaged in on the Closing Date, or any reasonable extensions or expansions thereof.
Eligible Reinvestment means with respect to an Event of Loss, a reinvestment to replace, repair, restore or rebuild the Property subject to such Event of Loss.
Eligible Reinvestment means any acquisition of assets or any business (or any substantial part thereof) used or useful in the same or a similar line of business as GFI and its Subsidiaries were engaged in on the Closing Date.
Eligible Reinvestment means (a) with respect to the Net Cash Proceeds of any Voluntary Disposition or Involuntary Disposition (other than an Excluded Disposition) by a Loan Party other than a Limited Guarantor, any purchase of assets (whether or not constituting a capital expenditure, but not constituting an Acquisition) used or useful in a Permitted Business conducted by any Loan Party other than a Limited Guarantor, (b) with respect to the Net Cash Proceeds of any Voluntary Disposition or Involuntary Disposition (other than an Excluded Disposition) by any Restricted Subsidiary that either is a Limited Guarantor or is not a Guarantor, any purchase (whether or not constituting a capital expenditure, but not constituting an Investment) of assets used or useful in a Permitted Business conducted by the Borrower or its Restricted Subsidiaries and (c) any Permitted Investment of the type referred to in clause (iii), (iv), (x) or (xiv) of the definition of "Permitted Investment" set forth in this SECTION 1.01. Notwithstanding the foregoing, the term "Eligible Reinvestment" shall not include any item which is not a permitted application of proceeds of an "Asset Sale" (or any comparable term) under, and as defined in, the documents evidencing or governing any Subordinated Debt.
Eligible Reinvestment. Notwithstanding other provisions of this Agreement to the contrary, the C&W Acquisition (as defined in Section 8.6) shall be an Eligible Reinvestment with respect to Asset Dispositions made from September 1, 2004 to March 31, 2005.
Eligible Reinvestment. Leverage Grace Period", "Sale Moratorium" and "Sponsor Equity Issuance" set forth in Section 1.1 of the Existing Credit Agreement are deleted in their entireties.