Permitted Payments to Parent means, without duplication as to amounts:
Permitted Payments to Parent means the declaration and payment of dividends or other payments to, or the making of loans to, any direct or indirect parent of the Issuer in amounts required for any direct or indirect parent of the Issuer (and, in the case of clause (3) below, its direct or indirect members), to pay, in each case without duplication:
Permitted Payments to Parent means, without duplication as to amounts: (A) payments to Parent to pay reasonable accounting, legal and administrative expenses of Parent when due, in an aggregate amount not to exceed $500,000 per annum; and
Examples of Permitted Payments to Parent in a sentence
In addition, the Company and the Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, make any Management Fee Payment or similar payment to Affiliates (other than Subsidiaries) other than Permitted Payments to Parent if, after giving effect to such Management Fee Payments or similar payments, on a PRO FORMA basis after giving effect to such payment, a Default or an Event of Default shall have occurred and be continuing.
The meeting evolved criteria and terms of collaboration and PPT was invited to the central international launch.16 The Central International Launch was held in Delhi, India with simultaneous events in participating countries.
More Definitions of Permitted Payments to Parent
Permitted Payments to Parent means:
Permitted Payments to Parent means the declaration and payment of dividends by the Company to, or the making of loans to, any direct or indirect parent of the Company in amounts required for any direct or indirect parent of the Company (and, in the case of clause (3) below, its direct or indirect members), to pay, in each case without duplication:
Permitted Payments to Parent means any Restricted Payment, if applicable:
Permitted Payments to Parent means the distribution by the Company to any direct or indirect parent of the Company from time to time of amounts necessary to fund the payment by or reimbursement of such parent entity of (i) its general corporate or other operating, administrative, compliance and overhead costs and expenses in the ordinary course of business, (ii) expenses related to the registration and offering of securities (in either case, including any such fees, costs or expenses of independent auditors and legal counsel to such parent entity, to the extent that all or a majority of the proceeds of such offering are or are intended to be permanently contributed to the capital of the Company) and (iii) fees and expenses required to maintain its corporate existence and customary salary, bonus and other benefits payable to its directors, officers and employees, to the extent such costs and expenses are reasonably attributable or related to the ownership of the Company and its Restricted Subsidiaries.
Permitted Payments to Parent without duplication as to amounts:
Permitted Payments to Parent means without duplication, (a) payments to Parent in an amount sufficient to permit Parent to pay reasonable and necessary operating expenses and other general corporate expenses to the extent such expenses relate or are fairly allocable to the Company and its Subsidiaries, provided such expenses do not exceed $250,000 in any fiscal year; and (b) payments to Parent to enable Parent to pay foreign, federal, state or local tax liabilities ("Tax Payment"), not to exceed the amount of any tax liabilities that would be otherwise payable by the Company and its Subsidiaries and Unrestricted Subsidiaries to the appropriate taxing authorities if they filed separate tax returns to the extent that Parent has an obligation to pay such tax liabilities relating to the operations, assets or capital of the Company or its Subsidiaries and Unrestricted Subsidiaries PROVIDED, HOWEVER, that (i), notwithstanding the foregoing, in the case of determining the amount of a Tax Payment that is permitted to be paid by Company and any of its United States subsidiaries in respect of their Federal income tax liability, such payment shall be determined on the basis of assuming that all payments made to Parent pursuant to the immediately preceding clause (a) shall be treated as a deductible expense of the Company in the taxable year during which the obligation to make such payment accrues and (ii) any Tax Payments shall either be used by Parent to pay such tax liabilities within 90 days of Parent's receipt of such payment or refunded to the payee.
Permitted Payments to Parent means the distribution by the Company to Parent or any other direct or indirect parent of the Company from time to time of amounts necessary to fund the payment by or reimbursement of Parent or such other entity of (i) its general corporate operating and overhead costs and expenses in the ordinary course of business and (ii) expenses related to the registration and offering of securities (in either case, including any such fees, costs or expenses of independent auditors, reserve engineers and legal counsel to Parent or such other entity, fees and expenses (including franchise or similar taxes) required to maintain its corporate existence and customary salary, bonus and other benefits payable to its directors, officers and employees), to the extent such costs and expenses are reasonably attributable or related to the ownership of the Issuers and the Company’s Restricted Subsidiaries.