Specified Distribution definition

Specified Distribution a distribution by the Company or any of its Subsidiaries to the shareholders of the Company of all or any portion of the Capital Stock of any Person that owns or operates, directly or indirectly, any material portion of the Company’s “Metals and Minerals” business segment.

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Specified Distribution means the Restricted Payment in an aggregate amount not to exceed $50,000,000 by the Borrower and any Intermediate Parent to any Intermediate Parent and Holdings, which will be used by Holdings to make a Restricted Payment to its direct or indirect shareholders on or after the First Amendment Funding Date and prior to the expiration of the Supplemental Term Loan Availability Period (or such later date as may be agreed to by the Administrative Agent in its sole discretion), which amount shall be funded solely by the net cash proceeds of the Supplemental Term Loans and unrestricted available cash.

Specified Distribution has the meaning specified in Section 7.06(p).

Examples of Specified Distribution in a sentence

For purposes of this paragraph, “Series I Specified Distribution Amount” means an amount that is the greater of (A) the amount of the highest previously paid Quarterly Distribution, on a per Common Unit basis, after the date of the Energy Transfer Merger (as adjusted for combinations, splits, subdivision and similar transactions) and (B) the amount equal to 115% of the Quarterly Distribution, on a per Common Unit basis, for the immediately preceding Quarter.
The proceeds of the Closing Date Term Loans, together with cash on hand, will be used on the Closing Date (i) to repay Indebtedness incurred under the Existing Credit Agreement, if any, and (ii) to pay (A) the Specified Distribution and (B) the Transaction Expenses.
The Loan Parties shall have made the Specified Distribution on the Effective Date.
The Borrower will use the proceeds of (a) the Term Loans made on the Effective Date to directly or indirectly finance a portion of the Transactions (including the Specified Distribution/Repayment) and to pay Transaction Costs and (b) Revolving Loans and Swingline Loans made on and after the Effective Date for working capital and general corporate purposes (including any purpose not prohibited by this Agreement other than to finance the Specified Distribution Repayment).
The Trustee shall, subject to Section 5.9 hereof, distribute the requested amount to the Ceding Insurer or its designee on the Specified Distribution Date, but only against the concurrent issuance and delivery to the Grantor by XL Capital of an amount of XL Preferred Securities having an aggregate liquidation preference that is equal to the amount of funds so distributed.

More Definitions of Specified Distribution

Specified Distribution means Restricted Payments permitted under Section 7.06(n) and/or Investments permitted under Section 7.02(aa), in lieu thereof.

Specified Distribution means a distribution by the Parent of up to $200 million to Pharmacy and Clinic on the Effective Date.

Specified Distribution means a distribution made by Holdings on the Effective Date to fund a portion of the Merger Consideration and to pay the fees and expenses incurred in connection with the Transactions.

Specified Distribution a distribution, prior to the Clean Earth Effective Date, by the Company or any of its Subsidiaries to the shareholders of the Company of all or any portion of the Capital Stock of any Person that owns or operates, directly or indirectly, any material portion of the Company’s “Metals and Minerals” business segment (rebranded in 2019 as the “Harsco Environmental Segment”). For the avoidance of doubt, no such Specified Distribution shall be permitted following the consummation of the Permitted Clean Earth Distribution Transactions.

Specified Distribution the one-time special distribution to the existing shareholders of Milacron Holdings in an aggregate amount not to exceed $145,000,000.

Specified Distribution means a distribution of from Utilities, Inc. to HSHC. For the purposes of clarity, the distribution or dividend of the Cabarrus ▇▇▇▇▇ Retained Amount, the ▇▇▇▇▇▇▇▇▇ Farms Amount, the ▇▇▇▇▇ Creek Amount and/or the Bayside Amount shall not (i) be considered to be the distribution of all of any portion of the Specified Dividend and (ii) be taken into account when calculating the Specified Distribution Adjustment Amount.

Specified Distribution means that certain distribution to be made by Company to Holdings and from Holdings to its members on the Effective Date in an amount not to exceed $54,000,000.