Restatement Effective Date Dividend definition

Restatement Effective Date Dividend means (a) a one-time cash Restricted Payment by the Borrower to Holdings in an aggregate amount not to exceed $803,000,000 and (b) one or more Restricted Payments by Holdings to the holders of its Equity Interests with the proceeds of the Restricted Payment from the Borrower pursuant to clause (a), in each case not later than the date that is twenty (20) days after the Restatement Effective Date.

Restatement Effective Date Dividend shall have the meaning ascribed to such term in the Recitals.

Restatement Effective Date Dividend has the meaning specified therefor in Section 7.02(h)(F).

Examples of Restatement Effective Date Dividend in a sentence

• The proceeds of the Loans made hereunder, and the issuance of Letters of Credit issued hereunder, will be used on and after the Restatement Effective Date, for working capital needs and other general corporate purposes of the Borrower (including, (i) on (or within twenty (20) days of) the Restatement Effective Date, to fund a portion of the Restatement Effective Date Dividend, (ii) to finance Permitted Acquisitions and (iii) other transactions not prohibited by the Loan Documents).

• The Borrower will use the proceeds of the New Term Loans (other than any Extended Term Loans) made on the First Restatement Effective Date solely (i) to prepay Indebtedness under or in connection with the Second Lien Credit Agreement, dated as of March 31, 2007, and (ii) to pay the First Restatement Effective Date Dividend.

• The Agents shall be satisfied that the payment of the Restatement Effective Date Dividend complies with all applicable laws, rules, regulations and orders.

• The proceeds of the Revolving Credit Loans and the Swing Line Loans, and the Letters of Credit shall be used (a) to make the Third Restatement Effective Date Dividend and other dividends expressly permitted pursuant to Section 7.6 of this Agreement, (b) for working capital and general corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement, and (c) to pay costs and expenses of the transactions contemplated hereby.