Limitation on Restricted Payments definition

Limitation on Restricted Payments in Section 10.13 with the heading "[intentionally omitted]"; (x) replacing the heading "Limitation on Affiliate Transactions" in Section 10.14 with the heading "[intentionally omitted]"; (xi) replacing the heading "Limitation on Sales of Assets and Subsidiary Stock" in Section 10.15 with the heading "[intentionally omitted]"; (xii) replacing the heading "Limitation on Liens" in Section 10.16 with the heading "[intentionally omitted]"; (xiii) replacing the heading "Limitation on Lines of Business" in Section 10.17 with the heading "[intentionally omitted]"; (xiv) replacing the heading "Limitation of Guarantees by Restricted Subsidiaries" in Section 10.18 with the heading "[intentionally omitted]"; (xv) replacing the heading "Limitation on the Sales or Issuance of Capital Stock of Restricted Subsidiaries" in Section 10.19 with the heading "[intentionally omitted]";and (xvi) replacing the heading "Limitation on Restrictions on Distributions from Restricted Subsidiaries" in Section 10.20 with the heading "[intentionally omitted]".
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Limitation on Restricted Payments covenant contained in Section 3.12 of the Indenture is hereby amended by adding the following clause (e) after the existing clause (d) thereof:
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Limitation on Restricted Payments. (§4.07); • “Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries” (§4.08); • “Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock” (§4.09); • “Asset Sales” (§4.10); • “Transactions with Affiliates” (§4.11); • “Liens” (§4.12); • “Company Existence” (§4.13); • “Offer to Repurchase Upon Change of Control” (§4.14); • “Limitation on Guarantee of Indebtedness by Restricted Subsidiaries” (§4.15);
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Examples of Limitation on Restricted Payments in a sentence

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More Definitions of Limitation on Restricted Payments

Limitation on Restricted Payments. Covenant. The second paragraph of the covenant "Limitation on Restricted Payments" is hereby amended to read in its entirety as follows: "The foregoing provision shall not take into account, and shall not be violated by reason of: (i) the payment of any dividend within 60 days after the date of declaration thereof if, at said date of declaration, such payment would comply with the foregoing paragraph; (ii) the redemption, repurchase, defeasance, or other acquisition or retirement for value of Indebtedness that is subordinated in right of payment to the Notes including premium, if any, and accrued and unpaid interest, with the proceeds of, or in exchange for, permitted refinancing indebtedness; (iii) the repurchase, redemption or other acquisition of Capital Stock of the Company in exchange for, or out of the proceeds of a substantially concurrent offering of, shares of Capital Stock (other than Redeemable Stock) of the Company; (iv) the acquisition of Junior Indebtedness of the Company in exchange for, or out of the proceeds of, a substantially concurrent offering of, shares of the Capital Stock of the Company, (other than Redeemable Stock); (v) the purchase, redemption, acquisition, cancellation, or other retirement for value of shares of Capital Stock of the Company, options on any such shares or related stock appreciation rights or similar securities held by officers or employees or former officers or employees (or their estates or beneficiaries under their estates), upon death, disability, retirement, termination of employment, or pursuant to any agreement under which such shares of stock of related rights were issued; (vi) payments or distributions pursuant to or in connection with a consolidation, merger, or transfer of assets that complies with the provisions of the Indenture applicable to mergers, consolidations, and transfers of all or substantially all of the property and assets of the Company; (vii) the purchase, redemption, acquisition, cancellation or other retirement for value of shares of the Company's common stock for an aggregate amount not to exceed $100,000,000; or (viii) Restricted Payments up to an aggregate amount that, when added to the aggregate amount previously expended for Restricted Payments after the date of the Indenture (other than those allowed under other clauses of this paragraph), does not exceed the aggregate amount allowable under the restriction set forth in the clause (C) of the foregoing provision, treating, for the ...
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Limitation on Restricted Payments is hereby deleted in its entirety, together with any references thereto in the Indenture.
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Limitation on Restricted Payments covenant in Section 3.09, (i) "Investment" shall include the fair market value of the assets (net of liabilities) of any Restricted Subsidiary at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary and shall exclude the fair market value of the assets (net of liabilities) of any Unrestricted Subsidiary at the time that such Unrestricted Subsidiary is designated a Restricted Subsidiary and (ii) any property transferred to or from any Person shall be valued at its fair market value at the time of such transfer, in each case as determined by the Issuer in good faith, or in the case of any property transferred having a fair market value at the time of the transfer greater than $10 million, as determined by the Board of Directors of the Issuer in good faith.
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Limitation on Restricted Payments. Covenant: Change to Definition of “Permitted Investments”: On page 91 of the Preliminary Offering Circular, clause (3)(C) of the first paragraph under “Certain Covenants—Limitation on Restricted Payments” is modified by deleting “$5.0 million” and inserting “$2.5 million” in place thereof. On page 127 of the Preliminary Offering Circular, clause (13) of the definition of “Permitted Investments” is modified by deleting “$7.5 million” and inserting “$4.0 million” in place thereof. Restricted Subsidiaries that are not Note Guarantors as of the Issue Date: The following are Restricted Subsidiaries of the Company that are not Note Guarantors as of the Issue Date: Maxxcom (Nova Scotia) Corp., Maxxcom (USA) Finance Company, MDC Travel, Inc., 1208075 Ontario Limited, 2037542 Ontario Inc., 939 GP Inc., Secured Products (Cayman) Inc., Accent St. Lucia Holding Corp., Xxxxx Xxx Holdings Ltd., Colle & XxXxx, Inc., Company C Communications Inc., HW Acquisition LLC, Northstar Research Holdings Canada Inc., Northstar Research GP LLC, Northstar Research Holdings USA LP, 656712 Ontario Limited, Accent Marketing Jamaica Limited, Accumark Communications Inc., Adrenalina LLC, Xxxxxx Xxxxxxx Communications Inc., Attention Partners LLC, Xxxxx Xxx Design Inc., Xxxxx Xxx Design (USA) LLC, Xxxxx Xxxxx Iradesso Corp., Colle & XxXxx LLC, Company C Communications LLC, Xxxxxxx Xxxxxx & Bogusky Europe AB, Xxxxxxxx Xxxxxx LLC, Xxxxxxxxx Bas Partnership, HL Group Partners LLC, LifeMed Media, Inc., Mono Advertising LLC, Northsar Research Partners (USA) LLC, Northstar Research Partners Inc., Northstar Research Partners (UK) Limited, Redscout LLC, Rush NYC LLC, Skinny NYC LLC, Source Marketing LLC, Studio Pica Inc., Track 21 LLC, Traffic Generators, LLC, Tree City Inc., Trend Core, LLC, Veritas Communications Inc., Viking Studio Inc., VitroRobertson LLC, Zig Inc., Zig (USA) LLC, XConnections Inc., XML Simplicity Inc., Zyman Group, LLC, Bratskeir & Company, Inc., Xxxxxxxx / Bratskeir Public Relations LLC, Xxxxxxx Xxxxxx + Bogusky (Nova Scotia) Co., FMA Acquisition Co., Xxxxxxxxxxx Bond & Partners West LLC, Margeotes Xxxxxxxx Xxxxxx LLC, Maxxcom (Barbados) Inc., MF+P Acquisition Co. (Delaware), Sable Advertising Systems, Inc., SMI Acquisition Co. (Delaware), Studiotype Inc. and Zyman Group Limited. Capitalization As of June 30, 2009 Historical As Adjusted (in thousands of dollars) Cash and cash equivalents $ 57,934 $ 81,531 Debt: Revolving credit facility (1) $ 11,860 $ —— Term loans (1) $ 130...
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Limitation on Restricted Payments in the heading to Section 4.09 are deleted and replaced with the words "Asset Disposition Proceeds Offer to Purchase."
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Related to Limitation on Restricted Payments

  • Permitted Restricted Payments means any of the following Restricted Payments made by:

  • 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).

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Permitted Dividends means dividends or distributions made by the Company on its Class A Shares, and, without duplication, the Operating Partnerships to fund such dividends or distributions, annually in an aggregate amount equal to not less than 20% of the Company’s annual Distributable Earnings or more than 30% of Distributable Earnings; provided, that, if the minimum amount of dividends or distributions eligible to be made hereunder would be $1.00 or less per Class A Share, then up to $1.00 per Class A Share (subject to appropriate adjustment in the event of any equity dividend, equity split, combination or other similar recapitalization with respect to the Class A Shares after the Issuance Date).

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

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

  • Permitted Debt means any Financial Indebtedness:

  • Permitted Distributions means the following Distributions:

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of any Obligor’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of any Obligor’s business in connection with its purchasing of securities, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Investment Policies, provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Permitted Indebtedness means, without duplication, each of the following: