Recapitalization Dividend definition

Recapitalization Dividend has the meaning set forth in Section 5.20(c).
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Recapitalization Dividend means a dividend funded on the Closing Date or within 30 days thereafter not to exceed $165 million to be paid by Ultimate Holdco to its stockholders and warrantholders.
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Recapitalization Dividend means a dividend or distribution declared or paid with the proceeds of indebtedness or the issuance of securities.
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Examples of Recapitalization Dividend in a sentence

  • To the greatest extent possible Borrowers will use the proceeds of the Subordinated Notes to pay the Recapitalization Dividend.

  • Except (i) as permitted pursuant to Section 7.21 hereof, or (ii) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, the Recapitalization Dividend Debt Prepayment, at any time, directly or indirectly, prepay any Indebtedness for borrowed money (other than to Agents and Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness for borrowed money of any Borrower.


More Definitions of Recapitalization Dividend

Recapitalization Dividend means the payment by the Company to IKS Holdings on the Issue Date of amounts necessary to consummate the Recapitalization.
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Recapitalization Dividend means a one time cash dividend on account of Skullcandy’s Equity Interests, declared and made prior to the consummation of an initial public offering of Skullcandy; provided that: (a) such dividend does not exceed, in the aggregate, the sum of $50,000,000 minus the Shareholder Recapitalization Payment; (b) at the time of and after giving effect to the making of such dividend, Borrowers have Acquisition / Dividend Availability and Average Acquisition / Dividend Availability in an amount not less than $10,000,000; (c) at the time of the making of such dividend, Borrowers shall have a minimum EBITDA of $30,000,000, measured for the twelve month period ended as of the last day of the prior month (except to the extent the dividend is made on or prior to the twentieth (20th) day of the then current month, then EBITDA shall be measured for the twelve month period ended as of the last day of the prior month for which financial statements have been required to be delivered); (d) Borrowers’ EBITDA as of the last day of the prior fiscal quarter, measured on a trailing twelve month basis, was greater than Borrowers’ EBITDA as of the last day of the fiscal quarter immediately preceding such fiscal quarter, measured on a trailing twelve month basis; (e) Borrowers’ projected EBITDA, for the twelve (12) month period commencing on the first day of the month in which the dividend is made, as evidenced by Borrowers’ projections based on underlying assumptions which provide a reasonable basis for the projections contained therein and reflect Borrowers’ reasonable judgment based on Borrower’s then present circumstances, is projected to be greater than Borrowers’ EBITDA for the twelve month period ended as of the last day of the prior month; and (f) at the time of and after giving effect to the making of such dividend, Borrowers’ Funded Debt to EBITDA (measured on a trailing twelve months basis) ratio is not greater than 2.5 to 1.0.
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Recapitalization Dividend means the dividend and related payments of not more than $30,100,000 to be declared and paid by Company to PEI with the proceeds of the Senior Debt, as described in the Offering Circular.
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Recapitalization Dividend means a one-time Distribution by Borrower in the period beginning on the later of September 3, 2015 and Borrower’s delivery to Lender of the audited financial statements required by Exhibit E for the period ending February 28, 2015, and ending on the one year anniversary of such date; provided that the following conditions are satisfied: (i) EBITDA as of the date of such Distribution is at least $10,300,000 for the immediately preceding four (4) Fiscal Quarters (without giving effect to any Equity Cure Contributions), (ii) the Leverage Ratio as of the date of such Distribution shall not exceed 3.25 to 1.0 after giving effect to such Distribution (without giving effect to any Equity Cure Contributions in the calculation of EBITDA), (iii) Borrower shall have a net book worth of at least $1 as of the date of such Distribution after giving effect to such Distribution, and (iv) Availability is at least $5,000,000 as of the date of such Distribution after giving effect to such Distribution and on a pro forma basis for the 30 days prior to the date of such Distribution. Recipient: Lender or any other recipient of a payment to be made by an Obligor under a Loan Document or on account of an Obligation. Reimbursement Date: as defined in Section 2.3.2.
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Related to Recapitalization Dividend

  • Recapitalization Event means any event of share combination or subdivision, distribution of bonus shares or any other similar reclassification, reorganization or recapitalization of the Company’s share where the shareholders retain their proportionate holdings in the Company.

  • Recapitalization means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • Stock Dividend has the meaning set forth in Section 5(a)(i)(A).

  • Common Stock Dividend means a stock dividend declared and paid on the Common Stock that is payable in shares of Common Stock.

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(e)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Shares shall be entitled to receive cash, securities or other property for their PubCo Shares.

  • Cash Dividend means any dividend or distribution in respect of the Ordinary Shares which is to be paid or made to Shareholders as a class in cash (in whatever currency) and however described and whether payable out of share premium account, profits, retained earnings or any other capital or revenue reserve or account, and including a distribution or payment to Shareholders upon or in connection with a reduction of capital.

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as:

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;

  • Dividend Parity Stock means any class or series of stock of the Corporation that ranks on a parity with the Series E in the payment of current dividends, including the Series A, the Series B, the Series C and the Series D.

  • Reclassification means the upgrading of a position to a higher classification as a result of the gradual increase of the duties being performed by the incumbent in that position.

  • Recapitalization Agreement shall have the meaning set forth in the Recitals.

  • Preferred Stock Dividends means all dividends with respect to Preferred Stock of the Company or any Restricted Subsidiary held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory consolidated federal, state and local income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Preferred Stock.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Extraordinary Common Stock Event means (i) the issue of additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivision of outstanding shares of Common Stock into a greater number of shares of the Common Stock, or (iii) combination of outstanding shares of the Common Stock into a smaller number of shares of the Common Stock.

  • Extraordinary Cash Dividend means any cash dividend with respect to the Common Stock the amount of which, together with the aggregate amount of cash dividends on the Common Stock to be aggregated with such cash dividend in accordance with the provisions of this paragraph, equals or exceeds the threshold percentage set forth in item (i) below. For purposes of item (i) below, the "Measurement Period" with respect to a cash dividend on the Common Stock shall mean the 365 consecutive day period ending on the date prior to the Ex-Dividend Time with respect to such cash dividend, and the "Relevant Cash Dividends" with respect to a cash dividend on the Common Stock shall mean the cash dividends on the Common Stock with Ex-Dividend Times occurring in the Measurement Period.

  • Regular Dividend means USD0.55 per Share per quarter. Upon any adjustment to the Initial Dividend Threshold (as defined in the Indenture) for the Convertible Notes pursuant to the Indenture, the Calculation Agent will make a corresponding adjustment to the Regular Dividend for the Transaction.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Junior Stock means the Corporation’s common stock and any other class or series of stock of the Corporation hereafter authorized over which Series I Preferred Stock has preference or priority in the payment of dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Corporation.

  • Common Stock Fundamental Change means any Fundamental Change in which more than 50% of the value (as determined in good faith by the Board of Directors of the Company) of the consideration received by holders of Common Stock consists of common stock that, for the 10 Trading Days immediately prior to such Fundamental Change, has been admitted for listing or admitted for listing subject to notice of issuance on a national securities exchange or quoted on Nasdaq National Market, provided, however, that a Fundamental Change shall not be a Common Stock Fundamental Change unless either (i) the Company continues to exist after the occurrence of such Fundamental Change and the outstanding Preferred Stock continues to exist as outstanding Preferred Stock, or (ii) not later than the occurrence of such Fundamental Change, the outstanding Preferred Stock is converted into or exchanged for shares of convertible preferred stock, which convertible preferred stock has powers, preferences and relative, participating optional or other rights, and qualifications, limitations and restrictions substantially similar (but no less favorable) to those of the Preferred Stock.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Equivalent Preferred Stock shall have the meaning set forth in Section 11(b) hereof.

  • Extraordinary Dividend means any cash dividend or distribution (or portion thereof) that the Calculation Agent determines, in its sole discretion, is extraordinary or special; and

  • Series D Preferred Stock means shares of the Company’s Series D Preferred Stock, par value $0.001 per share.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.