General Corporate Purposes definition

General Corporate Purposes. (when used herein) means, until principal and Fixed Interest on the Notes has been paid in full, general corporate purposes reasonably appropriate for an entity in the financial condition of the Company at the time and having as its primary objective the maximization of net cash flows for the timely payment of its debt obligations, and after such payment in full of the principal and Fixed Interest on the Notes means, general corporate purposes without further description; provided, however, that in no event shall General Corporate Purposes include any acquisitions of businesses that are not Permitted Acquisitions.

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General Corporate Purposes means, subject to the terms and conditions of this Agreement, making or financing any payment for or in respect of working capital, capital expenditures, acquisitions, stock repurchases, refinancing Indebtedness or any other general corporate purpose.

General Corporate Purposes means (a) financing acquisitions permitted by Section 6.9.6 (other than the Acquisition), (b) making or incurring Capital Expenditures or (c) repurchasing and/or redeeming Series A Convertible Preferred Stock and warrants to purchase Common Stock held by the holders of such Series A Convertible Preferred Stock to the extent permitted by Section 6.10.6.

Examples of General Corporate Purposes in a sentence

• In addition, the General Corporate Purposes Available Amount, but not the Preferred Units Exchange Available Amount, shall be subject to reduction as described in Section 2.07.

• The Liquidation Amount shall be increased each time a General Corporate Purposes Drawdown Amount is paid by the UST to the Company by an amount equal to the General Corporate Purposes Drawdown Amount so paid divided by the number of shares of Series G Preferred Stock then outstanding.

• The Investor shall provide such funds to the Company within five (5) Business Days of its receipt of such request or such shorter period as may be agreed to by the Company and the Investor, and the aggregate liquidation preference of the Series G Preferred Stock shall increase by the General Corporate Purposes Drawdown Amount as set forth in Section 2.06(b).

• Any such request shall be valid only if it is in writing and specifies the account of the Company to which such funds are to be transferred and contains a certification of the Company’s Chief Executive Officer, Chief Financial Officer or Treasurer that the requested amount does not exceed the General Corporate Purposes Available Amount as of the date of such request.

• The Company shall utilise the monies received towards subscription of the NCDs for purposes as stated in the Offer Document i.e. the fund raised through this Issue will be utilised for the purpose of onward lending and for repayment of interest and principal of existing loans and for General Corporate Purposes after meeting the expenditure of and related to the Issue and subject to applicable statutory/ regulatory requirements.

• Subject to Section 2.5.5 and the other provisions of this Agreement, the Company will apply the proceeds of the Swingline Loan for General Corporate Purposes and Working Capital Borrowings of the Company and its Subsidiaries.

• Use of Proceeds: Working Capital and General Corporate Purposes Investor Warrants: [50% - 100%] Warrant Coverage.

• If on any date the Company borrows under the Revolving Loan as a General Corporate Purposes Borrowing an amount in excess of the General Corporate Purposes Borrowing Availability as of such date, the Company will within three Banking Days pay the amount of such excess to the Agent as a prepayment of the Revolving Loan.

• In no event may the Company incur General Corporate Purposes Borrowings in an aggregate principal amount greater than the amount then available for General Corporate Purposes Borrowings (as adjusted from time to time, the “General Corporate Purposes Borrowing Availability”).

• Subject to Section 2.4.4 and the other provisions of this Agreement, the Company will apply the proceeds of the Revolving Loan for the purposes described in the definitions of General Corporate Purposes Borrowings and Working Capital Borrowings in Section 1.

More Definitions of General Corporate Purposes

General Corporate Purposes means, with respect to any transfer or disposition of Collateral by Prandium or any Restricted Subsidiary (other than FRI-MRD or any of its Subsidiaries), a transfer or disposition made for general corporate purposes of such Person reasonably related to (a) its ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (b) ownership of its Subsidiaries to the extent that such Subsidiaries are engaged in the ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (c) the recapitalization of Prandium or the restructuring of the Indebtedness of Prandium, (d) the payment of principal or interest owed by Prandium with respect to Senior Notes or Subordinated Notes, or (e) the purchase, redemption, or retirement by Prandium of Senior Notes or Subordinated Notes.

General Corporate Purposes means, with respect to any transfer or disposition of Collateral by Guarantor or any Restricted Subsidiary, a transfer or disposition made for general corporate purposes of such Person reasonably related to (a) its ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (b) ownership of its Subsidiaries to the extent that such Subsidiaries are engaged in the ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (c) the recapitalization of Guarantor or the restructuring of the Indebtedness of Guarantor, (d) the payment of principal or interest owed by Guarantor with respect to Senior Notes or Subordinated Notes, or (e) the purchase, redemption, or retirement by Guarantor of Senior Notes or Subordinated Notes.