Restricted Payments Basket definition

Restricted Payments Basket has the meaning set forth in Section 4.10.

Restricted Payments Basket has the meaning given to such term in the first paragraph of Section 1009.

Restricted Payments Basket has the meaning given to such term in the first paragraph of Section 4.12 hereof.

Examples of Restricted Payments Basket in a sentence

• The amount of the Restricted Payments Basket as of March 31, 2014 was approximately $183.2 million.

• ACT will distribute examinee reports and aggregate score data as specified.

• During any Suspension Period and until a Reinstatement Date, the dollar amount in the Restricted Payments Basket shall remain fixed at the dollar amount that was available as of the Suspension Date that commenced such Suspension Period.

• For the avoidance of doubt, without limitation, any amount re-allocated by the Borrower among the General Investment Basket, the General Restricted Payments Basket, the General Subordinated Payments Basket and/or the General Debt Basket may be subsequently re-allocated by the Borrower among such applicable Baskets in accordance therewith.

• In addition, pursuant to a formula in the Indenture, Penn may have funds available under its "Restricted Payments" basket for investment without restrictions (the "Restricted Payments Basket").

More Definitions of Restricted Payments Basket

Restricted Payments Basket has the meaning given to such term in Section 4.07.

Restricted Payments Basket. 4.04(a)(3) “Successor” 5.01(a)(1) “Triggering Lien” 4.11

Restricted Payments Basket means the excess of (i) the sum of (a) $5,000,000; plus (b) 50% of Consolidated Net Income earned subsequent to September 30, 1997; plus (c) Net Proceeds received by the Company or a Borrower from the sale of additional shares of capital stock, over (ii) the amount of all Restricted Payments previously made in accordance with Section 6.01, and (b) the Indebtedness permitted by clause (vii) of the definition of Permitted Loans and Investments.

Restricted Payments Basket has the meaning given to such term in the first paragraph of the covenant described under Section 3.3.

Restricted Payments Basket means, initially, $25,000,000, and, for any day after the date that is six months after the Effectiveness Date, the amount set forth below under the caption “Amount” based upon the Leverage Ratio as of the most recent determination date. For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the end of each fiscal quarter of the Company’s fiscal year based upon the Company’s consolidated financial statements delivered pursuant to Section 5.01(a) or (b), (ii) no change resulting in a numerically greater category shall become effective unless the financial statements for two consecutive fiscal periods delivered under Section 5.01(a) or (b) shall have indicated such change and (iii) each change in the Restricted Payments Basket resulting from a change in the Leverage Ratio shall be effective during the period commencing on and including the third Business Day after the date of delivery to the Administrative Agent of such consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that the Leverage Ratio shall be deemed to be in Category 1 (A) at any time that an Event of Default has occurred and is continuing or (B) at the option of the Administrative Agent or at the request of the Required Lenders if the Company fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered. Any Restricted Payment permitted to be made pursuant to Section 6.08(vi) when made shall not cease to be permitted by reason of any subsequent reduction in the amount of the Restricted Payments Basket.

Restricted Payments Basket has the meaning given to that term in -------------------------- Section

Restricted Payments Basket has the meaning given to such term in Section 8.1(a).