Retained Declined Proceeds definition

Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

Retained Declined Proceeds shall have the meaning provided in Section 5.2(f).

Retained Declined Proceeds has the meaning assigned to such term in Section 2.11(e).

Examples of Retained Declined Proceeds in a sentence

• Any Declined Proceeds remaining thereafter shall be retained by the Borrower (“Retained Declined Proceeds”); provided that in the case of any mandatory repayment of Term Loans required to be made pursuant to Section 5.2(a)(iii), any Declined Proceeds shall be reallocated and paid to the Term Loan Lenders that have not rejected such mandatory prepayment on a pro rata basis and shall not constitute Retained Declined Proceeds.

• An amount equal to Retained Declined Proceeds may, to the extent permitted hereunder, be applied by the Borrower to prepay the loans under Second Lien Credit Agreement to the extent then outstanding and/or (at the Borrower’s election) Permitted Second Priority Refinancing Debt.

• For the avoidance of doubt, the Company may apply any Retained Declined Proceeds in any manner not prohibited by this Indenture and such Retained Declined Proceeds shall in no event and under no circumstances constitute Excess Proceeds.

• If any Excess Proceeds remain after consummation of an Asset Sale Offer (any such amount, “Retained Declined Proceeds”), the Issuer may use those Retained Declined Proceeds for any purpose not otherwise prohibited by this Indenture.

• For the avoidance of doubt, Retained Declined Proceeds shall not be required to be used to make mandatory prepayments under this Section 5.5.

More Definitions of Retained Declined Proceeds

Retained Declined Proceeds as defined in Section 2.11(f).

Retained Declined Proceeds has the meaning set forth in Section 2.11(g).

Retained Declined Proceeds has the meaning given thereto in Section 2.13(i).

Retained Declined Proceeds means the Net Proceeds in respect of any Asset Sale not required to be applied to make a prepayment or to be reinvested under Section 4.16.

Retained Declined Proceeds has the meaning assigned to such term in Section 2.11(e). “Return” means, with respect to any Investment, any dividend, distribution, interest, fee, premium, return of capital, repayment of principal, income, profit (from a Disposition or otherwise) and any other amount received or realized in respect thereof. “Revolving Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments. “Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum permitted aggregate amount of such Lender’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Lender pursuant to an Assignment and Assumption or (ii) any Incremental Revolving Commitment Increase (including the 2020 Incremental Revolving Commitments, the Incremental No. 3 Revolving Commitments and the Incremental No. 4 Revolving Commitments). The amount of each Lender’s Revolving Commitment as of the Incremental Facility Agreement No. 4 Effective Date is set forth on Schedule 2.01 as amended pursuant to Incremental Facility Agreement No. 4, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Revolving Commitment, as the case may be. The amount of the Lenders’ Revolving Commitments as of the Effective Date was $30,000,000. The amount of the Lenders’ Revolving Commitments as of the Incremental Facility Agreement No. 2 Effective Date is $50,000,000. The amount of the Lenders’ Revolving Commitments as of the Incremental Facility Agreement No. 3 Effective Date is $58,000,000. The amount of the Lenders’ Revolving Commitments as of the Incremental Facility Agreement No. 4 Effective Date is $200,000,000. “Revolving Credit Extension Request” has the meaning assigned to such term in Section 2.24(b). “Revolving Credit Facility” means the Revolving Commitments and the provisions herein related to the Revolving Loans, Swingline Loans and Letters of Credit.

Retained Declined Proceeds as defined in Section 5.11(d).

Retained Declined Proceeds means any Declined Proceeds for which a lender under the Second Lien Credit Agreement or the definitive documentation for any other Indebtedness secured on a pari passu basis with the Second Lien Obligations (subject to any prepayment requirements under the Second Lien Credit Agreement or such other definitive documentation) rejects such amount of any mandatory prepayment required to be made under the Second Lien Credit Agreement or such other definitive documentation, which may be retained by the Borrower.