Repurchase Limitation definition
Examples of Repurchase Limitation in a sentence
Repurchases pursuant to this Article 49.3 are subject to the Repurchase Limitation.
The Company’s ability to provide such opportunity is subject to the Repurchase Limitation.
The Limitation Notice shall specify the nature of the Repurchase Limitation.
In the event any Repurchase Limitation is applicable and the Company does not repurchase Shares pursuant to the exercise of Put Options by Shareholder or Shareholder’s Successor, Shareholder or Shareholder’s Successor shall have the right to exercise the Put Options with respect to such Shares that could not be respurchased due to a Purchase Limitation in the first fiscal quarter in which the repurchase can be made without violation of the Repurchase Limitations.
Notwithstanding the foregoing, however, in the event Borrower achieves a Leverage Ratio determined as of any Fiscal Quarter end following the Closing Date, less than 1.75 to 1.00, the Restriction on Share Repurchases set forth above shall be released and of no further force or effect (the "Stock Repurchase Limitation Release").
The Borrower acknowledges and agrees that while the Lenders may have no obligation to make Loans as a result of any Repurchase Limitation and the agreements contained in this Section 2.15, the Borrower shall remain obligated to pay to the Administrative Agent for the account of the Lenders the commitment fee contemplated by Section 2.09(a) of the Agreement in accordance with the terms thereof.