Restricted Payment Basket definition

Restricted Payment Basket means, at any time, an amount equal to 50% of the cumulative amount of Excess Cash Flow of WIL-Ireland and its Restricted Subsidiaries for each Fiscal Quarter ending on or after the Effective Date and prior to such time (taken as one accounting period), commencing with the Fiscal Quarter ending June 30, 2016.
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Restricted Payment Basket means, on any date of determination, an amount equal to (a) $10,000,000 minus (b) the sum of all distributions made pursuant to Section 6.08(f) hereof prior to such date.
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Restricted Payment Basket means (i) $6,000,000 or (ii) $12,000,000 from and after the time that less than 50% of the original aggregate principal amount of the Securities issued pursuant to this Indenture shall remain outstanding; provided that if the Company does not make Restricted Payments in an amount equal to the Restricted Payment Basket in any Indenture Year, the difference shall carry over to a succeeding Indenture Year or Indenture Years and shall constitute an accretion to the amount otherwise payable in such succeeding Indenture Year or Indenture Years.
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Examples of Restricted Payment Basket in a sentence

  • Furthermore, to the extent that any Restricted Payment is made other than during the Additional Negative Covenant Period, such Restricted Payment shall continue to be permitted hereunder and shall not count against the Annual Permitted Restricted Payment Basket during the Additional Negative Covenant Period.

  • As of September 30, 1996, the Restricted Payment Basket Amount was not greater than $135,000,000 and, as of December 31, 1996, the Equity Proceeds Amount was not greater than $54,000,000.

  • Restricted Payments in any fiscal year of Harley shall be deemed to use first, the Annual Permitted Restricted Payment Basket for such fiscal year and, second, any amount carried forward to such fiscal year pursuant to this sentence.

  • For any fiscal year of Harley, the Annual Permitted Restricted Payment Basket shall be increased by the unused amount of the Annual Permitted Restricted Payment Basket during the immediately preceding fiscal year of Harley, without giving effect to any carryover amount.

  • Restricted Payment Basket Amount; Equity Proceeds Amount.............................................

  • Restricted Payment Basket Amount; Equity Proceeds Amount.........

  • As of 31 December 1996, the Restricted Payment Basket Amount was not greater than $140,000,000.


More Definitions of Restricted Payment Basket

Restricted Payment Basket has the meaning specified in Section 1011.
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Restricted Payment Basket has the meaning set forth in Section 6.08(a)(vi).
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Restricted Payment Basket has the meaning specified in Section 6.09.
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Restricted Payment Basket means, at any time, an amount equal to 50% of the cumulative amount of Excess Cash Flow of WIL-Ireland and its Restricted Subsidiaries for each Fiscal Quarter ending on or after the RCF Effective Date and prior to such time (taken as one accounting period), commencing with the Fiscal Quarter ending June 30, 2016.
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Restricted Payment Basket means, for any fiscal year, the sum of (a) the Base Restricted Payment Basket for such fiscal year plus (b) the Carryover Amount for such fiscal year.
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Restricted Payment Basket means the sum of: (A) 50% of the cumulative Consolidated Net Income (or if a loss, minus 100% of such loss) of the Company earned during the period beginning July 1, 2007 and on or before the date the Restricted Payment occurs (excluding any partial fiscal quarter or quarters); plus (B) 100% of the aggregate net cash proceeds received by the Company from any Person other than a Subsidiary of the Company from the issuance and sale after the Issue Date, and on or before the date the Restricted Payment occurs, of capital stock of the Company (other than Disqualified Capital Stock); and (C) 100% of the outstanding amount of Indebtedness converted into or exchanged for capital stock of the Company (other than Disqualified Capital Stock) after the Issue Date, and on or before the date the Restricted Payment occurs.
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Related to Restricted Payment Basket

  • Restricted Payment Transaction means any Restricted Payment permitted pursuant to Section 409, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment” (including pursuant to the exception contained in clause (i) and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

  • Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Borrower’s stockholders, partners or members (or the equivalent Person thereof).

  • Permitted Payment as defined in Subsection 8.2(b).

  • Restricted Payments as defined in Section 7.6.

  • Specified Payment means any Investment, incurrence of Indebtedness, Restricted Payment or payment made pursuant to Section 9.12 that in each case is subject to the satisfaction of the Payment Conditions or the RP Conditions.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Net Indebtedness means, as of any date, (i) the amount of outstanding Indebtedness of the Company and its consolidated subsidiaries as of such date, minus (ii) the amount of cash and cash equivalents of the Company and its consolidated subsidiaries as of such date minus (iii) loans by the Company and its consolidated subsidiaries to its Partners or Affiliates thereof as of such date.

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Pro Forma Disposal Adjustment means, for any four-quarter period that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent four-quarter period prior to its disposal.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Permitted Convertible Indebtedness means indebtedness of Borrower that is convertible into common stock of Borrower (or other securities or property following a merger event or other change of the common stock of Borrower) and/or cash (in an amount determined by reference to the price of such common stock).

  • Contribution Indebtedness means Indebtedness, Disqualified Stock or Preferred Stock of an Issuer or any Subsidiary Guarantor in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions) made to the capital of such Issuer or such Guarantor after the Issue Date, provided that:

  • Estimated Indebtedness has the meaning set forth in Section 2.4(a).

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).