Maximum Repurchase Amount definition

Maximum Repurchase Amount shall have the meaning set forth in Section 11 hereof.

Maximum Repurchase Amount shall have the meaning set forth in Section 6.21.

Maximum Repurchase Amount during each Repurchase Period an amount (to be reset on the first day of each such Repurchase Period) equal to the excess (if any) of (i) the daily average (for the preceding 30-day period) of (A) the aggregate Borrowing Base (as defined in the Terra Credit Facility) of the Borrowers (as defined in the Terra Credit Facility) on each day during such preceding period less (B) the aggregate amount of past due payables of the Borrowers (as defined in the Terra Credit Facility) and the Guarantors on each such day over (ii) $125,000,000.

Examples of Maximum Repurchase Amount in a sentence

• The provisions of Section 6(d) shall apply in their entirety to payments and repurchases with respect to Stock which may not be made due to the limits imposed by the Maximum Repurchase Amount under this Section 11.

• The provisions of Section 7(d) and 8(c) shall apply in their entirety to payments and repurchases with respect to Options and Option Shares which may not be made due to the limits imposed by the Maximum Repurchase Amount under this Section 13.

• The maximum number of shares of Stock and the maximum number of Options permitted to be purchased or paid for by the Company at any time without resulting in a Blocking Event shall be referred to herein as the "Maximum Repurchase Amount".

• The provisions of Section 5(c) and 6(e) shall apply in their entirety to payments and repurchases with respect to shares of Stock which may not be made due to the limits imposed by the Maximum Repurchase Amount under this Section 10(a).

• The provisions of Section 5(b) and 6(c) shall apply in their entirety to payments and repurchases with respect to Options and shares of Stock which may not be made due to the limits imposed by the Maximum Repurchase Amount under this Section 11.

More Definitions of Maximum Repurchase Amount

Maximum Repurchase Amount has the meaning assigned to that term in subsection 7.5A(xiii).

Maximum Repurchase Amount means, as of any date of determination, the maximum number of shares held by Xxxxxx X. Xxxx or his estate, as applicable, on such date of determination, the repurchase by the Company of which would not result in (i) an adverse ratings action against the Company or TP Re by A.M. Best & Company or (ii) any adverse action against the Company or TP Re by any regulatory authority.

Maximum Repurchase Amount means, as of the Closing Date, an amount equal to $35,000,000, which amount shall be (A) decreased on each Adjustment Date by the value of the Required Pension Funding Amount (but only if such amount is a positive number) and (B) increased from time to time by the amount of (x) Net Cash Proceeds actually received from any Equity Issuance of Borrower, minus (y) the aggregate amount of Equity Interests of Borrower repurchased on or after the Closing Date; provided that the Maximum Repurchase Amount shall at no time be greater than $35,000,000 (plus the amount of Net Cash Proceeds actually received from any Equity Issuance of Borrower).

Maximum Repurchase Amount means (a) during the first Repurchase Period ending after the Effective Date, an amount equal to the amount (if any) by which the gross proceeds of the issuance of the Senior Secured Notes exceeds $225,000,000 and (b) during each subsequent Repurchase Period an amount (to be reset on the first day of each such Repurchase Period) equal to the excess (if any) of (i) the daily average (for the preceding 30-day period) of (A) the aggregate Borrowing Base of the Borrowers on each day during such preceding period less (B) the aggregate amount of past due payables of the Borrowers and the Guarantors on each such day over (ii) $125,000,000.

Maximum Repurchase Amount means, as of any date of determination thereof, (i) with respect to fiscal year 1999, zero, and (ii) with respect to any fiscal year thereafter, the sum of the Allowable Repurchase Amounts for the current fiscal year and for each of the preceding fiscal years, commencing with fiscal year 2000, less the aggregate amount of Restricted Payments, immediately prior to and without giving effect to the proposed Restricted Payment, made to repurchase capital stock of QDI pursuant to clause (i) of the first proviso to Section 6.5 hereof. For purposes hereof, "Allowable Repurchase Amount" for each fiscal year shall mean $5,000,000."

Maximum Repurchase Amount means, at any date of computation thereof, the sum of (a) $25,000,000 plus (b) up to $25,000,000 of the amount by which the initial aggregate principal amount of the issuance of the Convertible Notes exceeds $125,000,000 plus (c) the amount of repurchases permitted by Section 8.06(d) but not utilized during the fiscal year of the Borrower ending December 31, 2004; provided that (i) amounts set forth in subsection (c) above will be the first dollars deemed to be utilized during the fiscal year of the Borrower ending December 31, 2005, and (ii) this definition of “Maximum Repurchase Amount” shall be reduced on January 1, 2006 by the amount provided in subsection (c) above but not utilized prior to such date.

Maximum Repurchase Amount means, subject to reduction pursuant to Section 3.1(c), below, the excess (if any) of: