Permitted Payments definition

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

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Permitted Payments has the meaning provided in Section 4.11(b).

Permitted Payments means payments by the Distributor to Qualified Recipients as permitted by this Plan.

Examples of Permitted Payments in a sentence

Notwithstanding anything to the contrary herein, the Loan Parties may make and Subordinated Creditor may receive Permitted Payments.
To the extent that the preceding provisions of this Section 6(b) would require payment to the Executive during the six month period commencing on the Date of Termination of any amount in excess of the Permitted Payments, such excess shall be paid to the Executive (without interest) on the date that is six months plus one day after the Date of Termination.
Intra-Group Liabilities) and 8.2 (Permitted Payments: Intra-Group Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
No Debtor shall be released from the liability to make any Payment (including of default interest, which shall continue to accrue) under any Debt Document by the operation of Clauses 5.2 (Restriction on Payment: Hedging Liabilities) and 5.3 (Permitted Payments: Hedging Liabilities) even if its obligation to make that Payment is restricted at any time by the terms of any of those Clauses.
The Borrower shall not make any principal or interest payment on any Indebtedness other than Permitted Payments, prior to the repayment or conversion of all of the principal amount outstanding under this Note without first obtaining the prior written consent of the Holder.

More Definitions of Permitted Payments

Permitted Payments means any payments, distributions or transfers with respect to (i) any Permitted Indebtedness (in the case of Subordinated Indebtedness, to the extent permitted by the relevant subordination or intercreditor agreement) and (ii) any Permitted Distributions.

Permitted Payments is defined in Section 3.2(b).

Permitted Payments shall have the meaning assigned to such term in Section 7.1 hereof.

Permitted Payments means, without duplication as to amounts:

Permitted Payments means any payments of principal, interest or accrued fees and expenses due and owing on this Note, plus any payments to holders of (a) Permitted Indebtedness of the Company and (b) Indebtedness of the Company as outlined on Exhibit B hereof.

Permitted Payments with respect to the Borrower or any of its Subsidiaries (i) any dividend on shares of Capital Stock payable (or to the extent paid) solely in shares of Capital Stock (other than Redeemable Stock) or in options, warrants or other rights to purchase Capital Stock (other than Redeemable Stock); (ii) any dividend or other distribution payable to the Borrower by any of its Subsidiaries or by a Subsidiary to a Wholly-Owned Subsidiary; (iii) the repurchase or other acquisition or retirement for value of any shares of the Borrower's Capital Stock, or any option, warrant or other right to purchase shares of the Borrower's Capital Stock with additional shares of, or out of the proceeds of a substantially contemporaneous issuance of, Capital Stock other than Redeemable Stock (unless the redemption provisions of such Redeemable Stock prohibit the redemption thereof prior to the date on which the Capital Stock to be acquired or retired was by its terms required to be redeemed); (iv) any defeasance, redemption, repurchase or other acquisition for value of any Debt which by its terms ranks subordinate in right of payment to the Obligations with the proceeds from the issuance of (x) Debt which is also subordinate to the Obligations at least to the extent and in the manner as the Debt to be defeased, redeemed, repurchased or otherwise acquired is subordinate in right of payment to the Obligations; provided that such subordinated Debt provides for no payments of principal by way of sinking fund, mandatory redemption or otherwise (including defeasance) by the Borrower (including, without limitation, at the option of the holder thereof other than an option given to a holder pursuant to an asset disposition or change of control covenant which is no more favorable to the holders of such Debt than the provisions contained in subsections 2.8(b), 7.6, 7.9, 7.10 and 8(j) are to the Lenders and such Debt provides that the Borrower will not repurchase such Debt pursuant to such provisions prior to the date that all Obligations have been paid and performed in full) prior to, or in an amount greater than, any Stated Maturity of the Debt being replaced and the proceeds of such subordinated Debt are utilized for such purpose within 45 days of issuance or (y) Capital Stock (other than Redeemable Stock); (v) in respect of any actual payment on account of an Investment (other than a Permitted Investment) which is not fixed in amount at the time when made, the amount determined by the Board ...

Permitted Payments. Second Lien Liabilities).