Permitted Stock Repurchases definition

Permitted Stock Repurchases means the repurchase by Borrower of Borrower’s Capital Stock for value, provided that (a) such repurchase is, or is part of a repurchase program, approved by Borrower’s Board of Directors and (b) such approval has been disclosed in writing to Agent prior to the execution thereof.

Permitted Stock Repurchases means any buybacks or repurchases of stock issued by the Administrative Borrower or any other Loan Party during any fiscal year in an aggregate amount not to exceed 30% of Consolidated Net Income for the preceding fiscal year.

Permitted Stock Repurchases as defined in Section 6.4(g).

Examples of Permitted Stock Repurchases in a sentence

• Saturday, November 9, 3 - 6 pmV&E Greenline at Evergreen Street - FREECrosstown Arts invites the entire neighborhood to celebrate the winner of this year’s MemFeast event, “Are there Fish in Lick Creek?” by VECA artist Jeannie Tomlinson Saltmarsh.

• Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document (including, without limitation, to refinance existing indebtedness, finance ongoing working capital, capital expenditures, Permitted Acquisitions and Investments, and Permitted Stock Repurchases).

• Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document (including, without limitation, to refinance existing indebtedness, finance ongoing working capital, capital expenditures, Permitted Acquisitions, Permitted Foreign Acquisitions and Investments, and Permitted Stock Repurchases).

• The Borrower will use the proceeds of the Loans to fund Permitted Acquisitions, Permitted Stock Repurchases, ongoing working capital needs and other general corporate purposes of the Borrower and its Subsidiaries, including closing costs relating to this Agreement.

More Definitions of Permitted Stock Repurchases

Permitted Stock Repurchases shall have the meaning given to such term in Section 7.9 hereof;

Permitted Stock Repurchases means repurchases or redemptions by the Company of its capital stock for fair and reasonable consideration not exceeding (a) $45,000,000 in aggregate amount during the fiscal year ending October 31, 2002 and (b) $35,000,000 in aggregate amount during any fiscal year thereafter; provided that the Company may add up to $10,000,000 of the unused portion of such limit for any fiscal year to the limit for the immediately succeeding fiscal year.

Permitted Stock Repurchases means those repurchases of Capital Stock by the Borrower permitted by Section 8.06.

Permitted Stock Repurchases means repurchases of stock from former employees or directors of Borrower under the terms of applicable repurchase agreements (i) in an aggregate amount not to exceed One Hundred Thousand Dollars ($100,000) in any fiscal year, provided that no Event of Default has occurred, is continuing or would exist after giving effect to the repurchases, or (ii) in any amount where the consideration for the repurchase is the cancellation of indebtedness owed by such former employees to Borrower regardless of whether an Event of Default exists.

Permitted Stock Repurchases means the repurchase by Parent of Parent’s Capital Stock for value, provided that (a) such repurchase is, or is part of a repurchase program, approved by Parent’s Board of Directors and (b) such approval has been disclosed in writing to Agent prior to the execution thereof.

Permitted Stock Repurchases the repurchase of any outstanding Equity Interests held by the public stockholders of Parent; provided that for any repurchase (i) after giving effect to such repurchase, the aggregate amount of all such repurchases during the term hereof does not exceed $12,500,000, (ii) after giving effect to such repurchase, Availability is greater than the greater of 25% of the Revolver Commitment or $23,750,000 (after giving effect to the Availability Block), and (iii) Average Availability is greater than the greater of 25% of the Revolver Commitment or $23,750,000 (after giving effect to the Availability Block) for the sixty (60) day period immediately preceding such repurchase.”

Permitted Stock Repurchases means repurchases or redemptions by the Company of its capital stock for fair and reasonable consideration not exceeding in aggregate amount $35,000,000 with respect to all such repurchases or redemptions made on or after the Closing Date.