Permitted Remedies means, with respect to any securities, one or more of the following remedies:

Permitted Remedies means, as to any security or combination of securities, one or more of the following remedies:

Permitted Remedies has the meaning specified in the Replacement Capital Covenant.

Examples of Permitted Remedies in a sentence

No limitation on the Junior Lenders described herein, in the Collateral Agent Agreement or any other agreement is intended to, and does not limit Junior Lenders rights in and to the Optex Collateral nor Junior Creditors right to exercise the Permitted Remedies, and does not grant any right to Senior Lenders with respect to the Optex Collateral.
For the avoidance of doubt, Senior Lenders acknowledge that they have no interest in the Optex Collateral nor the proceeds thereof under any circumstances and that Junior Lenders may take any action in law, equity or otherwise at any time and without limitation to enforce their rights to receive the Optex Collateral and the proceeds thereof and exercise the Permitted Remedies (as defined in the MOU).
The Lenders hereby agree from and after the date of execution of this Agreement until the conversion into equity of the Second Conversion Amount to forbear in the exercise of any rights or remedies, whether granted in the Loan Documents or under law, with respect to the Company or any of its assets (the “Forbearance Period”), other than the exercise of the Permitted Remedies.

More Definitions of Permitted Remedies

Permitted Remedies means, as to any security or combination of securities, any one or more of (i) rights in favor of the holders thereof permitting such holders to elect one or more directors of the issuer or its direct or indirect parent company (including any such rights required by the listing requirements of any stock or securities exchange on which such securities may be listed or traded), (ii) complete or partial prohibitions on the issuer paying Distributions on or repurchasing Common Stock or other securities that rank pari passu with or junior as to Distributions to such securities for so long as Distributions on such securities, including deferred Distributions, have not been paid in full or to such lesser extent as may be specified in the terms of such securities or any related transaction agreements, and (iii) provisions obligating the issuer to cause such unpaid Distributions to be paid in full pursuant to an Alternative Payment Mechanism.

Permitted Remedies means, as to any security or combination of securities, any one or more of the following remedies:

Permitted Remedies means, with respect to any securities, one or more of the following remedies: (i) rights in favor of the holders of such securities permitting such holders to elect one or more directors of the issuer (including any such rights required by the listing requirements of any securities exchange or market on which such securities may be listed or traded) and (ii) complete or partial prohibitions on the issuer paying distributions on or repurchasing common stock or other securities that rank pari passu with or junior as to distributions to such securities for so long as distributions on such securities, including unpaid distributions, remain unpaid.

Permitted Remedies means, as to any security or combination of securities, any one or more of (i) rights in favor of the holders thereof permitting such holders to elect one or more directors of the Corporation (including any such rights required by the listing requirements of any stock or securities exchange on which such securities may be listed or traded), (ii) prohibitions on the Corporation paying Distributions on or repurchasing common stock or other securities that rank junior as to Distributions to such securities for so long as Distributions on such securities, including deferred distributions, have not been paid in full or to such lesser extent as may be specified in the terms of such securities, and (iii) provisions obliging the Corporation to cause such unpaid Distributions to be paid in full pursuant to an Alternative Payment Mechanism.

Permitted Remedies means, with respect to any securities, one or more of the following remedies: (a) rights in favor of the holders of such securities permitting such holders to elect one or more directors of the issuer (including any such rights required by the listing requirements of any securities exchange or market on which such securities may be listed or traded) and (b) complete or partial prohibitions on the issuer paying distributions on or repurchasing common stock or other securities that rank pari passu with or junior as to distributions to such securities for so long as distributions on such securities, including unpaid distributions, remain unpaid.