Restricted Payments Basket definition

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

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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 Section 4.11(a)(3).

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.
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.
Restricted Payments made during the Suspension Period shall reduce the amount of the Restricted Payments Basket.
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.
Neither the Borrower nor any Subsidiary Guarantor shall directly or indirectly declare or pay any Restricted Payment; provided that, if the Leverage Ratio is less than 5.50 to 1.0, Restricted Payments shall be permitted in an aggregate amount not to exceed (when added to all other Restricted Payments previously made after the date hereof) the Restricted Payments Basket (as defined below).

More Definitions of Restricted Payments Basket

Restricted Payments Basket has the meaning given to such term in Section 4.11(a)(3) of this Indenture.

Restricted Payments Basket has the meaning given to such term in clause (3) of the first paragraph of Section 4.08.

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 Section 4.07(a)(iii) hereof.

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

Restricted Payments Basket has the meaning given to such term in the first paragraph of the covenant described under Section 4.07.