Permitted Restricted Payment Amount definition

Permitted Restricted Payment Amount means $500,000 provided, however that if the Increase Conditions are met, the Permitted Restricted Payment Amount shall mean $1,000,000.

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Permitted Restricted Payment Amount means, for any Fiscal Year ending after December 31, 2025, an aggregate amount equal to 25% of Excess Cash Flow for the immediately preceding Fiscal Year.

Permitted Restricted Payment Amount means, with respect to any period of four consecutive fiscal quarters (or such lesser number of fiscal quarters as shall have elapsed after the date of this Agreement), (a) if the Consolidated Interest Expense Coverage Ratio for such period is greater than or equal to 4.00 to 1.00, 65% of Consolidated EBT for such period, (b) if the Consolidated Interest Expense Coverage Ratio for such period is less than 4.00 to 1.00 but greater than or equal to 3.00 to 1.00, 35% of Consolidated EBT for such period and (c) if the Consolidated Interest Expense Coverage Ratio for such period is less than 3.00 to 1.00, zero.

Examples of Permitted Restricted Payment Amount in a sentence

Notwithstanding anything to the contrary herein, to the extent any increased amount of (i) Indebtedness is incurred in respect of the Permitted Capital Lease Amount, (ii) Investments are made in respect of the Permitted Non-Loan Party Investment Amount or (iii) Restricted Payments are made in respect of the Permitted Restricted Payment Amount, in [***] = CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
For purposes of making the determinations in clause (C) for any period ending prior to March 31, 2001, all determinations of the Consolidated Interest Expense Coverage Ratio and the Permitted Restricted Payment Amount will be made based solely upon the results for fiscal quarters (or portion thereof in the case of the period ending June 30, 2000) ending after the date hereof and all related references to four fiscal quarter periods shall be deemed references to periods comprised solely of such quarters.

More Definitions of Permitted Restricted Payment Amount

Permitted Restricted Payment Amount means, for any fiscal year, the sum of (a) the aggregate amount of dividends required by the terms of the Preferred Stock as of the Effective Date to be paid during such fiscal year in respect of the Preferred Stock outstanding as of the Effective Date (to the extent such Preferred Stock remains outstanding after the Effective Date) and (b) US$1,000,000.

Permitted Restricted Payment Amount means in any Fiscal Year, an aggregate amount equal to 25% of Excess Cash Flow (as defined in the Term Loan Credit Agreement) for the immediately preceding Fiscal Year.

Permitted Restricted Payment Amount means the “Permitted Restricted Payment Amount” under and as defined in the Term Loan Credit Agreement as in effect on the date hereof.

Permitted Restricted Payment Amount means the sum of (without duplication):

Permitted Restricted Payment Amount means $20,000,000.”

Permitted Restricted Payment Amount means, on any date of determination, an amount equal to the remainder of:

Permitted Restricted Payment Amount means, as of any date of determination, the excess, if any, of (a) the sum of (i) $10,000,000 plus (ii) the Borrower’s Portion of Excess Cash Flow for each fiscal year of the Borrower ended on or after March 31, 2007, and prior to such date of determination, over (b) the Restricted Payments previously made in reliance upon clause (xi) of Section 6.08(a); provided that the Borrower’s Portion of Excess Cash Flow for any fiscal year shall not be included in calculating the Permitted Restricted Payment Amount prior to the date that Excess Cash Flow for such fiscal year has been calculated and certified to the Administrative Agent and any mandatory prepayment required in respect thereof has been made.