Permitted Redemptions definition

Permitted Redemptions means the Redemption by PPT and Borrower of Stock issued by PPT or Borrower not to exceed $250,000,000 in the aggregate during the term of this Agreement, provided that no Default exists or would result from such Redemption.

Permitted Redemptions means an aggregate total of Three Hundred and Twenty-Five Thousand Dollars ($325,000) in redemptions, fees and payments by the Borrower to Investors under the Securities Purchase Agreement.

Permitted Redemptions means all voluntary prepayments, purchases, repurchases and redemptions of the Company’s Common Stock or Senior Notes made by the Company pursuant to Section 11.4(vi).

Examples of Permitted Redemptions in a sentence

• Borrower shall not, and shall not permit any Company to, declare, make, or pay any Redemptions (net of the amount of any Net Proceeds from the resale of Stock previously redeemed pursuant to a Permitted Redemption) other than Permitted Redemptions.

• As of any date, the Tangible Net Worth to be less than (a) $1,000,000,000, plus (b) eighty percent (80%) of the amount of Net Proceeds of any Equity Issuances subsequent to the Closing Date, minus (c) eighty percent (80%) of the amount of any Permitted Redemptions subsequent to the Closing Date.

• All Permitted Redemptions will be completed in accordance with all applicable Laws, including without limitation all applicable SEC regulations.

• As of any date, the Tangible Net Worth to be less than (a) $1,000,000,000, plus (b) eighty percent (80%) of the amount of Net Proceeds of any Equity Issuances subsequent to May 23, 2000, minus (c) eighty percent (80%) of the amount of any Permitted Redemptions subsequent to May 23, 2000.

• Except for Permitted Redemptions, the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, redeem, repurchase or declare or pay any cash dividend or distribution on any of its capital stock.

More Definitions of Permitted Redemptions

Permitted Redemptions to read in their entireties as follows:

Permitted Redemptions means the Redemption by the Trust of its Stock and the Redemption by the Partnership of its Stock for aggregate cash in an amount not to exceed in any calendar year the lesser of (a) ninety percent (90%) of Adjusted FFO, and (b) one hundred percent (100%) of Adjusted CAD.

Permitted Redemptions means the Redemption by ProLogis of its (a) Series A Preferred Stock, (b) Series E Preferred Stock, and (c) common Stock provided that the aggregate amount of common Stock redeemed shall not exceed $100,000,000 in the aggregate during the term of this Agreement.

Permitted Redemptions means the redemption, prior to the Closing, by FANL of all of the equity interests of FANL owned by any Person other than FANI.

Permitted Redemptions means (i) Borrower’s purchase of One Hundred and One Thousand Four Hundred and Eleven (101,411) shares of Xxxxxxxxx Stock on a future date chosen by Borrower, provided that (A) the Borrower shall have provided written notice to the Lender no less than five (5) Business Days prior to the proposed purchase of Borrower’s intent to purchase such Xxxxxxxxx Stock, (B) the Lender consents, in its sole discretion, in writing, and (C) on the date of such purchase (1) no Event of Default exists, (2) payment of the purchase price for such Xxxxxxxxx Stock will not result in an Event of Default and (3) payment of the purchase price of such Xxxxxxxxx Stock will not have a Material Adverse Effect, and (ii) an aggregate of Two Hundred and Ninety-Five Thousand Dollars ($295,000) in redemptions, fees and payments by the Borrower to Investors under the Securities Purchase Agreement, provided that (A) the Borrower shall have provided written notice to the Lender no less than ten (10) Business Days prior to the proposed payments, (B) the Lender consents, in writing, which written consent shall not be unreasonably withheld, conditioned or delayed if on the date of such purchase (1) no Event of Default exists, (2) such payment will not result in an Event of Default and (3) such payment will not have a Material Adverse Effect.

Permitted Redemptions means the redemption or purchase, in one (1) or more transactions, by Borrower of Company Voting Stock between the Closing Date and December 31, 2001 in an amount not to exceed $75,000,000 in the aggregate for all such transactions.

Permitted Redemptions contained in Section 1.1 of the Credit Agreement are amended to read in their entireties as follows: