Reinvested Amount means, with respect to any sale, transfer or other disposition of assets of Parent or any of its Subsidiaries permitted by Section 6.05(i) or any recovery of amounts under any property insurance policies of Parent or any of its Subsidiaries, that portion of the Net Proceeds thereof as shall, according to a certificate of a Responsible Officer of Parent or the applicable Borrower delivered to the Administrative Agent within 30 days of such sale or other disposition, be reinvested in the business of Parent or such Borrower and its Subsidiaries in a manner consistent with the requirements of Section 6.08 and the other provisions hereof within 360 days of the receipt of such Net Proceeds or, if such reinvestment is in a project authorized by the board of directors or comparable body of Parent or the applicable Borrower that will take longer than such 360 days to complete, the period of time necessary to complete such project (so long as Parent or such Subsidiary has committed to expend such portion of the Net Proceeds within, and is diligently pursuing such project during, the period of 360 days from the receipt of such Net Proceeds), provided that (i) if any such certificate of a Responsible Officer is not delivered to the Administrative Agent on the date of such sale, transfer or other disposition, any Net Proceeds therefrom shall be promptly (x) deposited in a cash collateral account established with the Collateral Agent to be held as collateral for the benefit of the Secured Parties on terms reasonably satisfactory to the Administrative Agent and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is (or is required to be) delivered to the Administrative Agent or (y) to the extent that the applicable Borrower has indicated that no such certificate will be delivered, used to make a prepayment of the Revolving Loans in accordance with Section 2.12, provided that, notwithstanding anything in this Agreement to the contrary, the Borrowers may not request any Revolving Credit Borrowing that would reduce the aggregate amount of the unused Revolving Credit Commitments to an amount that is less than the amount of any such prepayment until such certificate of a Responsible Officer is delivered to the Administrative Agent, and (ii) any Net Proceeds not so reinvested by such 360th day or later, as applicable, shall be utilized on such day to prepay Term Loans pursuant to Section 2.13(b).
Reinvested Amount with respect to any Asset Disposition permitted by subsection 7.4 or any Recovery Event, an amount equal to that portion of the Net Available Cash thereof as shall, according to a certificate signed by a Responsible Officer of the Borrower delivered to the Administrative Agent at the end of the applicable reinvestment period provided for in subsection 7.4(b)(i), be reinvested or committed to be reinvested in the business of the Borrower and its Restricted Subsidiaries in a manner consistent with the requirements of subsection 7.4 and the other provisions hereof within 450 days from the later of the date of such Asset Disposition or Recovery Event, as the case may be, and the date of receipt of such Net Available Cash (or, if such reinvestment is a project authorized by the Board of Directors that will take longer than 450 days to complete, the period of time necessary to complete such project).
Reinvested Amount with respect to any Asset Sale permitted by Section 7.6(i) or Recovery Event, that portion of the Net Cash Proceeds thereof (which portion shall not exceed, with respect to any Asset Sale occurring on or after the Closing Date (but not any Recovery Event and excluding any amount applied to permit any acquisition pursuant to Section 7.9(b)(ii)), $40,000,000 minus the aggregate Reinvested Amounts with respect to all such Asset Sales on or after the Closing Date) as shall, according to a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent within 30 days of such Asset Sale or Recovery Event, be reinvested in the business of the Borrower and its Subsidiaries in a manner consistent with the provisions hereof within 180 days of the receipt of such Net Cash Proceeds with respect to any such Asset Sale or Recovery Event or, if such reinvestment is in a project authorized by the board of directors of the Borrower that will take longer than such 180 days to complete, the period of time necessary to complete such project; provided that if any such certificate of a Responsible Officer is not delivered to the Administrative Agent on the date of such Asset Sale or Recovery Event, subject to the terms of the Intercreditor Agreement, any Net Cash Proceeds of such Asset Sale or Recovery Event shall be immediately deposited in a cash collateral account, established at the Administrative Agent or to be held as collateral in favor of the Administrative Agent as applicable, for the benefit of the Lenders on terms reasonably satisfactory to the Administrative Agent, and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is delivered to the Administrative Agent.
Examples of Reinvested Amount in a sentence
The Plan Broker’s prima facie return under the Premium DistributionTM Option will be approximately 3% of the Reinvested Amount (based on pre-sales of DRIP Units having a market value of approximately 105% of the Reinvested Amount and a fixed cash payment to the Plan Agent, for the account of applicable Participants, of an amount equal to 102% of the Reinvested Amount).
This Report sets out whether the ballots were counted and, if so, the outcome of the vote, and explains that parties and employees have five (5) days to file objections to the vote.
If the Trust determines that no DRIP Units will be available for purchase under the Plans for a particular distribution payment date, or to the extent that the availability of DRIP Units is prorated among Participants in accordance with the terms of the Plans, then Participants will receive the usual Reinvested Amount for that distribution payment date.
More Definitions of Reinvested Amount
Reinvested Amount with respect to any Asset Sale permitted by subsection 7.5(h) or Recovery Event, that portion of the Net Cash Proceeds thereof (which portion shall not exceed, with respect to any Asset Sale occurring on or after the Closing Date (but not any Recovery Event), $125,000,000 minus the aggregate Reinvested Amounts with respect to all such Asset Sales on or after the Closing Date) as shall, according to a certificate of a Responsible Officer of the Parent Borrower delivered to the Administrative Agent within 30 days of such Asset Sale or Recovery Event, be reinvested in the business of the Parent Borrower and its Subsidiaries in a manner consistent with the requirements of subsection 7.16 and the other provisions hereof within 180 days of the receipt of such Net Cash Proceeds with respect to any such Asset Sale or Recovery Event or, if such reinvestment is in a project authorized by the board of directors of RSC or any Parent Entity that will take longer than such 180 days to complete, the period of time necessary to complete such project; provided that if any such certificate of a Responsible Officer is not delivered to the Administrative Agent on the date of such Asset Sale or Recovery Event, subject to the terms of the Intercreditor Agreement, any Net Cash Proceeds of such Asset Sale or Recovery Event shall be immediately deposited in a cash collateral account established at the Administrative Agent to be held as collateral in favor of the Administrative Agent for the benefit of the Lenders on terms reasonably satisfactory to the Administrative Agent, and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is delivered to the Administrative Agent.
Reinvested Amount with respect to any Asset Sale permitted by subsection 8.6(h) or Recovery Event, that portion of the Net Cash Proceeds thereof (which portion shall not exceed, with respect to any Asset Sale occurring on or after the Closing Date (but not any Recovery Event), $125,000,000 minus the aggregate Reinvested Amounts with respect to all such Asset Sales on or after the Closing Date) as shall, according to a certificate of a Responsible Officer of the Parent Borrower delivered to the U.S. Administrative Agent within thirty (30) days of such Asset Sale or Recovery Event, be reinvested in the business of the Parent Borrower and its Subsidiaries in a manner consistent with the requirements of subsection 8.16 and the other provisions hereof within one-hundred and eighty (180) days of the receipt of such Net Cash Proceeds with respect to any such Asset Sale or Recovery Event or, if such reinvestment is in a project authorized by the board of directors of RSC or any Parent Entity that will take longer than such one-hundred and eighty (180) days to complete, the period of time necessary to complete such project; provided that (a) if any such certificate of a Responsible Officer is not delivered to the U.S. Administrative Agent on the date of such Asset Sale or Recovery Event, subject to the terms of the Intercreditor Agreement and the First Lien Intercreditor Agreement, any Net Cash Proceeds of such Asset Sale or Recovery Event shall be immediately (i) deposited in a cash collateral account established at the applicable Administrative Agent to be held as collateral in favor of such Administrative Agent for the benefit of the applicable Lenders on terms reasonably satisfactory to the U.S. Administrative Agent or the Canadian Administrative Agent, as applicable, and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is delivered to the U.S. Administrative Agent or (ii) used to make a prepayment of the RCF Loans in accordance with subsection 4.4(a); provided that, notwithstanding anything in this Agreement to the contrary, (a) no Borrower may request any Extension of Credit under the U.S. RCF Commitments or Canadian RCF Commitments that would reduce the aggregate amount of the Available U.S. RCF Commitments or Available Canadian RCF Commitments, respectively, to an amount that is less than the amount of any such prepayment until such certificate of a Responsible Officer is delivered to the U.S. Administrative Agent and (b...
Reinvested Amount means, with respect to any Net Proceeds, the portion thereof that, as of the last day of the Reinvestment Contract Period with respect thereto, shall have been reinvested pursuant to acquisitions described in Section 4.10(d) in a manner not prohibited by this Agreement or will be so reinvested pursuant to a Reinvestment Contract entered into by all of the parties thereto on or prior to such last day.
Reinvested Amount with respect to any Asset Disposition or any Recovery Event, an amount equal to that portion of the Net Available Cash thereof as shall be reinvested or committed to be reinvested in the business of the Parent Borrower and its Restricted Subsidiaries within 450 days from the later of the date of such Asset Disposition or Recovery Event, as the case may be, and the date of receipt of such Net Available Cash (or, if such reinvestment is a project authorized by the Board of Directors that will take longer than 450 days to complete, the period of time necessary to complete such project).
Reinvested Amount means, with respect to any Asset Sale permitted by Section 8.6(g) or (h) hereof, that portion of the Net Cash Proceeds thereof as shall, according to a certificate of a Responsible Officer of the Company delivered to the Purchasers within 30 days of such Asset Sale, be reinvested in the business of the Company and its Subsidiaries in a manner consistent with the requirements of Section 8.15(a) hereof and the other provisions hereof within one year of the receipt of such Net Cash Proceeds or, if such reinvestment is in a project authorized by the board of directors of the Company that will take longer than one year to complete, the period of time necessary to complete such project; provided that (i) if any such certificate of a Responsible Officer is not delivered to the Purchasers on the date of such Asset Sale, any Net Cash Proceeds of such Asset Sale shall be immediately (x) deposited in a cash collateral account established at the offices of the Administrative Agent, or if the Senior Debt Obligations have been paid in full, at a depositary bank directed by the Co-Agents, to be held as collateral in favor of the Administrative Agent for the benefit of the holders of the Senior Loans and the Secured Parties (or the Co-Agents in favor of the Secured Parties, as the case may be) on terms reasonably satisfactory to the Administrative Agent, or Co-Agents, as the case may be, and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is delivered to the Purchasers or used to make a prepayment under Section 4.4(a) of the Senior Credit Agreement or of the Company's Obligations under the Senior Secured Notes, hereunder or under the other Note Documents.
Reinvested Amount with respect to any Recovery Event, that portion of the Net Cash Proceeds thereof as shall, according to a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent within 30 days of such Recovery Event, be used to repair or replace the asset that was the subject of such Recovery Event within 180 days of the receipt of such Net Cash Proceeds with respect to any such Recovery Event; provided that (a) any Net Cash Proceeds of such Recovery Event shall be immediately (i) deposited in a cash collateral account established at JPMCB to be held as collateral in favor of the Administrative Agent for the benefit of the Lenders on terms reasonably satisfactory to the Administrative Agent and shall remain on deposit in such cash collateral account until such certificate of a Responsible Officer is delivered to the Administrative Agent or (ii) used to make a prepayment of the Revolving Credit Loans in accordance with subsection 4.4(a); provided that, notwithstanding anything in this Agreement to the contrary, the Borrower may not request any Extension of Credit under the Revolving Credit Commitments that would reduce the aggregate amount of the Available Revolving Credit Commitments to an amount that is less than the amount of any such prepayment until such certificate of a Responsible Officer is delivered to the Administrative Agent and (b) any Net Cash Proceeds not so reinvested by the date required pursuant to the terms of this definition shall be utilized on such day to prepay the Loans pursuant to subsection 4.4(c).
Reinvested Amount shall have the meaning assigned thereto in Section 4.13(b) of the Sale and Servicing Agreement.