Permitted Purchases definition

Permitted Purchases means purchases of Common Stock by the Investor, subject to compliance with Section 3.1 to the extent necessary to maintain its status as the largest shareholder of the Company by no less than one percent (1%) of the issued and outstanding capital stock of the Company, provided that in no event shall the Investor’s ownership exceed the Cap.
View Source
Permitted Purchases means purchases of Common Stock by the Investor and/or, subject to compliance with Section 5.1, its Affiliates, to the extent necessary to reverse any decrease in the aggregate percentage of the issued and outstanding Common Stock beneficially owned by the Investor and its Affiliates that results solely from a net increase in the number of issued and outstanding shares of Common Stock, provided that, immediately after giving effect to any such purchase, the Investor and its Affiliates do not beneficially own, in the aggregate, more than 9.9% of the then issued and outstanding Common Stock.
View Source
Permitted Purchases means expenditures for the purchase of equipment and spare parts required for the operation of the FPSO to the extent that such purchases are required to be made directly by the Borrower in order to benefit from the “Regime Aduaneiro Especial de exportação e importação de bens destinados à exploração e à produção de petroléo e gás natural (REPETRO)” funded from (i) the Offshore Proceeds Account as part of (and subject to the caps applicable to) the Offshore O&M Dollar Transfer Amount (as defined in the Accounts Agreement), not to exceed in any 12-month period an aggregate amount equal to twenty-seven and one half percent (27.5%) of the O&M Daily Expense Amount multiplied by 360 or (ii) proceeds, if any, standing to the credit of the Offshore Distribution Account or equity contributions from the Sponsors.
View Source

Examples of Permitted Purchases in a sentence

  • Nothing in this Section 9 shall prohibit or apply to Permitted Purchases or to any acquisition, exercise, exchange or other transaction in connection with any awards under any equity incentive plan or program of Counterparty.

  • Notwithstanding Section 4.1 but subject to Section 4.3, the Investor and its Affiliates may, at any time, Dispose of any of the Purchased Shares, any shares of Common Stock purchased in Permitted Purchases or any other shares of Common Stock beneficially owned by them to the extent the Investor or its Affiliates is ordered or otherwise required to do so by any Law or Governmental Authority.

  • Notwithstanding Section 4.1 but subject to Section 4.3, the Investor and its Affiliates may, at any time, Dispose of any of the Purchased Securities, any shares of Common Stock purchased in Permitted Purchases, Additional Subscription Shares or any other shares of Common Stock beneficially owned by them to the extent the Investor or its Affiliates is ordered or otherwise required to do so by any Law or Governmental Authority.

  • Tenant desires to enter onto the property for the Permitted Purchases (as defined in Section 1.2 of the Lease).

  • Each of the Obligors undertakes to procure that the RMB Borrower shall not dispose of any of the PRC Properties (other than Permitted Disposals), purchase any additional assets (other than Permitted Purchases) or incur any Financial Indebtedness or liability (other than Permitted Indebtedness) without the prior written consent of the Majority Lenders (not to be unreasonably withheld or delayed).

  • It shall constitute an additional Potential Adjustment Event if the Scheduled Termination Date for any Transaction is postponed pursuant to “Valuation Disruption” above; provided that the parties agree that (i) Permitted Purchases shall not be considered a Potential Adjustment Event and (ii) any repurchase of Shares pursuant to this Transaction shall not be considered a Potential Adjustment Event.

  • The proceeds of the Loans may be used by the Borrower to make Permitted Purchases and general corporate purposes (including any Investment permitted under the terms hereof), including the payment of fees and expenses incurred in connection with the execution and delivery of this Agreement.

  • Collibra may suspend Customer’s access to the Service and related services if (a) Customer breaches Section 2.3 (Restrictions) or Section 5 (Customer Obligations), (b) Customer’s account is 30 days or more overdue after being notified, or (c) Customer’s use of the Service risks harm to other customers or the security, availability or integrity of the Service.

  • Omnicare agrees to purchase from MHS at least [ ** ] of the requirements for Pharmaceutical Products of Omnicare and the Omnicare Facilities, net of Permitted Purchases, as hereinafter defined ("Volume Net Purchase Percentage Requirement").

  • The parties agree, for the avoidance of doubt, that (1) Permitted Purchases (as defined below) shall not be considered a Potential Adjustment Event and (2) any repurchase of Shares pursuant to this Transaction shall not be considered a Potential Adjustment Event.


More Definitions of Permitted Purchases

Permitted Purchases means purchases of Common Stock by the Investor and/or, subject to compliance with Section 4.1, its Affiliates, to the extent necessary to reverse any decrease in the aggregate percentage of the issued and outstanding shares of Common Stock beneficially owned by the Investor and its Affiliates that results solely from a net increase in the number of issued and outstanding shares of Common Stock.
View Source
Permitted Purchases means (i) purchases of [***]; (ii) purchases for [***], but only if such purchase is pursuant to a contractual commitment of [***]; (iii) purchases from [***]; (iv) purchases of [***] that, as of the Effective Date, does not fall within the definition of Pharmaceutical Products (for example, [***]), but which during the term of this Agreement [***], but only to the extent [***]; and (v) purchases of [***]. For the removal of doubt, nothing in this Agreement shall obligate Omnicare to purchase products or services now or hereafter offered by divisions of McKesson other than MHS that are not Pharmaceutical Products (e.g., robotics, medical surgical supplies, healthcare information systems.)
View Source
Permitted Purchases means a purchase of (1) any property forming part of the PRC Properties and (2) any other assets for an aggregate consideration not exceeding HK$20,000,000 (or its equivalent in any other currency or currencies) in any year.
View Source
Permitted Purchases means (A) with respect to non-Generic Products, (i) purchases of [***], but only if and for so long as such purchase is pursuant to a contractual commitment [***]; (ii) purchases from [***]; (iii) purchases of [***] that are not currently Pharmaceutical Products but which after the Effective Date [***], but only if [***]; (iv) purchases of [***]; (v) purchases of [***]; (vi) purchases of [***] identified on Exhibit B annexed hereto and (vii) purchases of such [***] as may be mutually agreed upon in writing by the Parties; and (B) with respect to Generic Products: (i) purchases of [***] identified on Exhibit B annexed hereto, (ii) purchases from [***], (iii) purchases of [***] and (iv) purchases of such [***] as may be mutually agreed upon in writing by the Parties.
View Source
Permitted Purchases means (i) purchases of [ ** ] pursuant to Section 5.1; (ii) purchases for [ ** ], but only if such purchase is pursuant to a contractual commitment of such [ ** ]; (iii) direct purchases of [ ** ], not to reduce overall compliance to below [ ** ]; (iv) purchases from [ ** ]; (v) purchases of [ ** ] that, as of the Effective Date, does not fall within the definition of Pharmaceutical Products (for example, [ ** ]), but which during the term of this Agreement [ ** ], but only to the extent [ ** ]; and (vi) purchases of [ ** ]. For the removal of doubt, nothing in this Agreement shall obligate Omnicare to purchase products or services now or hereafter offered by divisions of McKesson other than MHS that are not Pharmaceutical Products (e.g., robotics, medical surgical supplies, healthcare information systems.)
View Source
Permitted Purchases shall have the meaning given to that term in -------------------
View Source

Related to Permitted Purchases

  • Restricted Purchase means any payment on account of the purchase, redemption or other acquisition or retirement of any capital stock or other securities of, the Borrower.

  • Permitted Purposes means the purposes that are more fully described in clause 2 of these Privacy Terms and Conditions;

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate amount does not exceed $5,000,000 at any time.

  • Permitted Purpose means any activity or process to be undertaken or supervised by a Staff member of one Party during the term of this Agreement, for which purpose authorised disclosure of the other Party’s Confidential Information or Intellectual Property is a prerequisite in order to enable such activity or process to be accomplished;

  • Permitted Purchase Money Indebtedness means, as of any date of determination, Purchase Money Indebtedness incurred after the Closing Date in an aggregate principal amount outstanding at any one time not in excess of $1,000,000.