Excluded Restricted Payments definition

Excluded Restricted Payments means (a) Restricted Payments made to a Loan Party pursuant to clauses (a) or (b) of Section 6.8, and (b) Restricted Payments made pursuant to clauses (f) or (i) of Section 6.8.
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Excluded Restricted Payments means cash Restricted Payments not greater than (a) $200,000,000 in the aggregate during calendar year 2003 or (b) $500,000,000 in the aggregate during any calendar year thereafter, in each case to acquire shares of the Company’s common stock pursuant to Stock Repurchase Programs.
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Excluded Restricted Payments means (a) any Restricted Payment to the extent made by any Subsidiary to any Loan Party and (b) any Restricted Payment to the extent made by any Subsidiary that is not a Loan Party to any Subsidiary that is not a Loan Party; provided, that, for the avoidance of doubt, in no event shall “Excluded Restricted Payments” include any portion of any Restricted Payment made (x) by a Loan Party to a Subsidiary that is not a Loan Party or (y) by any Subsidiary to any Person (including minority owners of Equity Interests in any Subsidiary) that is not a Loan Party or a Subsidiary.
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Examples of Excluded Restricted Payments in a sentence

  • The effect of the Third Amendment is to increase Excluded Restricted Payments by $308 million in 2004 and $226 million in 2005.


More Definitions of Excluded Restricted Payments

Excluded Restricted Payments means the $100,000,000 of Restricted Payments made by the Borrower pursuant to the stock repurchase plan announced by the Borrower on February 23, 2005.
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Excluded Restricted Payments means cash Restricted Payments not greater than (a) $200,000,000 in the aggregate during calendar year 2003, (b)
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Excluded Restricted Payments means Restricted Payments made by the Borrower in an aggregate amount not to exceed $100,000,000; provided, that such Restricted Payments shall only be classified as "Excluded Restricted Payments" if (i) at the time of such Restricted Payments and immediately after giving effect thereto, no Default has occurred and is continuing or would arise after giving effect thereto and (ii) the Borrower commences or publicly announces an intention to commence such Restricted Payments on or before December 31, 2005.
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Related to Excluded Restricted Payments

  • Restricted Payments as defined in Section 7.6.

  • Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Person thereof).

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Permitted Acquisition Indebtedness means Indebtedness or Disqualified Stock of the Company or any of its Restricted Subsidiaries to the extent such Indebtedness or Disqualified Stock was Indebtedness or Disqualified Stock of any other Person existing at the time (a) such Person became a Restricted Subsidiary of the Company or (b) such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, provided that on the date such Person became a Restricted Subsidiary or the date such Person was merged or consolidated with or into the Company or any of its Restricted Subsidiaries, as applicable, either

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Permitted Debt means any Financial Indebtedness:

  • Significant Restricted Subsidiary means any Restricted Subsidiary, or group of Restricted Subsidiaries, that would, taken together, be a “significant subsidiary” as defined in Article 1, Rule 1-02 (w)(1) or (2) of Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the Issue Date.

  • Restricted Debt has the meaning set forth in Section 6.04(b).

  • Permitted Financial Indebtedness means Financial Indebtedness:

  • Unrestricted Cash means all cash and cash equivalents other than restricted cash.