Examples of Restricted Payment Date in a sentence
Subject to Section 4.13 hereof, on each Monthly Transfer Date or Restricted Payment Date (as applicable), the Collateral Agent shall make transfers from the funds on deposit in the applicable subaccount of the Suspended Distributions Account in accordance with Sections 4.1(b) and 4.6(d).
If the Borrower intends to make a Restricted Payment, it shall, not less than five (5) Business Days prior to the Restricted Payment Date, give the Administrative Agent notice thereof.
For purposes of this Section 5.02(r) "Restricted Payment Date" means a date as of which the Debt to Cash Flow Ratio for the most recently concluded Rolling Period is greater than or equal to 5.50 to 1.00.
When discussing poverty in Erie County, many refer to the lack of accessibility to pre-existing resources.
No Default or Event of Default has occurred and is continuing as of the Restricted Payment Date or would occur as a result of the Restricted Payment.