Examples of Restricted Payment Amount in a sentence
For purposes of calculating the Restricted Payment Amount, to the extent shares of BGI’s stock are delivered to BGI in payment of the exercise price of options, or in payment of taxes associated with the exercise of options or the vesting of restricted shares, such delivered shares are deemed to be repurchased by BGI at fair market value (as defined in BGI’s stock option plan) on the date of delivery to BGI.
If the aggregate amount paid by the Issuer to Holders of Notes tendered pursuant to any Restricted Payments Offer is less than the related Restricted Payment Amount, the Issuer may, subject to other provisions of this Indenture, make such Restricted Payment in the amount of such excess.
For purposes of making the determinations in clause (C) for any period ending prior to March 31, 2001, all determinations of the Consolidated Interest Expense Coverage Ratio and the Permitted Restricted Payment Amount will be made based solely upon the results for fiscal quarters (or portion thereof in the case of the period ending June 30, 2000) ending after the date hereof and all related references to four fiscal quarter periods shall be deemed references to periods comprised solely of such quarters.
Soffe is serving as Chief Executive Officer of Maker, interest payable on such Restricted Payment Amount shall accrue at the Pre-Default Rate.
Notwithstanding the foregoing, the failure of Grantor to make any payment under any or all of the Obligations shall not constitute an Event of Default to the extent that Beneficiary is prohibited from accepting such payment (the "Restricted Payment Amount") pursuant to the terms of the Subordination Agreement dated as of the date hereof among Grantor, Beneficiary, and the Senior Lender.