Permitted Share Buyback definition

Permitted Share Buyback means any existing share repurchase program of Holdings pursuant to which Holdings may repurchase a portion of its Equity Interests pro rata from its equityholders.
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Permitted Share Buyback means any share buyback occurring at any time on or after the date falling 16 (sixteen) months after the date of 6 June 2019, provided that at that time (a) the aggregate principal amount of the Loans (as defined in the Term Loan) outstanding under the Term Loan does not exceed USD 200,000,000.00 (two hundred million US dollars); and (b) the ratio of Consolidated Net Financial Indebtedness to Consolidated EBITDA does not exceed 1.5 times.
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Permitted Share Buyback means any existing share repurchase program of Holdings pursuant to which Holdings may repurchase a portion of its Equity Interests pro rata from its equityholders. “Permitted Spin-Off” means (i) the Spinoff and (ii) any additional spinoff transactions of all or a portion of the consumer real estate portal business and/or related entities of the Borrower and its Subsidiaries, provided that, solely with respect to any transaction contemplated by this clause (ii), immediately before and after giving effect to such transaction, (x) no Event of Default exists and (y) the Total Leverage Ratio, determined in accordance with Section 7.07 as of the last day of the Fiscal Quarter most recently ended for which the financial statements required by Section 6.01(a) or (b), as the case may be, have been (or were required to be) delivered, does not exceed 3.00:1.00. Any such transaction may be structured as a disposition of Equity Interests of such entities or one or more investment vehicles created in contemplation of such transaction (any such investment vehicle, a “Permitted Spin-Off Vehicle”) or otherwise and may include the sales or dispositions of assets and any investments, distributions and sales made in connection therewith.
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Examples of Permitted Share Buyback in a sentence

  • Use the proceeds of the Third Amendment Incremental Term Loans (i) to pay fees, commissions and expenses, including any upfront fees, in connection with the Third Amendment and the Third Amendment Incremental Term Loans, (ii) to consummate all or any portion of the Permitted Share Buyback pursuant to Section 7.04(h) and (iii) for other general corporate purposes not in contravention of any Law or any Loan Document.


More Definitions of Permitted Share Buyback

Permitted Share Buyback means any existing share repurchase program of Holdings pursuant to which Holdings may repurchase a portion of its Equity Interests pro rata from its equityholders. “Permitted Spin-Off” means (i) the Spinoff and (ii) any additional spinoff transactions of all or a portion of the consumer real estate portal business and/or related entities of the Borrower and its Subsidiaries, provided that, solely with respect to any transaction contemplated by this clause (ii), immediately before and after giving effect to such transaction, (x) no Event of Default exists and (y) the Total Leverage Ratio, determined in accordance with Section 7.07 as of the last day of the Fiscal Quarter most recently ended for which the financial statements required by Section 6.01(a) or (b), as the case may be, have been (or were required to be) delivered, does not exceed 3.00:1.00. Any such transaction may be structured as a disposition of Equity Interests of such entities or one or more investment vehicles created in contemplation of such transaction (any such investment vehicle, a “Permitted Spin-Off Vehicle”) or otherwise and may include the sales or dispositions of assets and any investments, distributions and sales made in connection therewith. “Permitted Spin-Off Vehicle” has the meaning specified in the definition of “Permitted Spin-Off.” “Person” or “person” means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and Governmental Authorities. “Platform” has the meaning specified in Section 10.08. “Prepayment Date” has the meaning specified in Section 2.08(b)(ix). “Prime Rate” means, for any day, the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate”. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, 32 9482345
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Related to Permitted Share Buyback

  • Acquisition Shares means each class of shares of beneficial interest of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Restricted Share means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and may be subject to risk of forfeiture.

  • Units sold means the number of individual cigarettes sold in the state by the applicable tobacco product manufacturer (whether directly or through a distributor, retailer, or similar intermediary or intermediaries) during the year in question, as measured by excise taxes collected by the state on packs (or "roll-your-own" tobacco containers) bearing the excise tax stamp of the state. Units sold shall also include the number of individual cigarettes sold in the state by the applicable tobacco product manufacturer (whether directly or through a distributor, retailer, or similar intermediary or intermediaries) during the year in question, as to which the state had power to under federal law, but did not, impose or collect an excise tax. The department of treasury may promulgate such rules as are necessary to ascertain the amount of units sold of such tobacco product manufacturer for each year.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.