Specified Dividend definition

Specified Dividend means any Relevant Distribution (as defined in the Confirmation) (i) that is an Excess Cash Dividend (as defined in the Confirmation) and (ii) in respect of which the Pledgor has elected, in accordance with the terms of the Confirmation, to pay CGMI an amount equal to the amount of such Relevant Distribution in lieu of CGMI making the adjustments provided for in the Confirmation;

Specified Dividend means the payment by the Borrower on the Effective Date of a dividend to the holders of the Borrower’s Equity Interests (including holders of stock options) in an amount not to exceed $462,000,000. For clarity, the foregoing amount includes the Additional Distributions related to the Specified Dividend to be paid on the Effective Date, which are permitted to be paid after the Effective Date.

Specified Dividend means the Restricted Payment in an amount not to exceed $1,700,000,000 by the Borrower to Holdings, funded solely by the Net Cash Proceeds of the Tranche D Term Loans and the 2014 Senior Subordinated Notes and unrestricted available cash.

Examples of Specified Dividend in a sentence

• Notwithstanding anything to the contrary in any Loan Document, “Indebtedness” shall be expressly deemed to exclude (i) the Holdings JAX Guaranty Obligations, (ii) obligations under the Profits Interest Program or the Restricted Stock Program, (iii) any accruals with respect to the Phantom Equity Agreement or any payment to be made in connection with the termination thereof and (iv) the Specified Dividend.

• The provisions of this Schedule 1 may not be amended at any time prior to the Termination Date and the payment by the Company of the Imperial Specified Dividend, save by special resolution passed at a general meeting of all the Shareholders and by special resolution passed at a separate general meeting of the "A" Shareholders.

• Each "A" Share shall, on the first Business Day after the Termination Date, entitle the holder thereof to receive the Imperial Specified Dividend, which shall be declared and distributed by the Company to the "A" Shareholders, subject to compliance by the Company with the requirements of section 46 of the Act.

• The restrictions on the Company's powers and capacity set out in clause6.1, shall cease to apply after the Termination Date and once the Company has made payment of the Imperial Specified Dividend and the Motus “D” Specified Dividend.

• RESTRICTIONS ON AMENDMENT OF SCHEDULE 4 The provisions of this Schedule 4 may not be amended at any time prior to the Termination Date and the payment by the Company of the Motus “D” Specified Dividend, save by special resolution passed at a general meeting of all the Shareholders and by special resolution passed at a separate general meeting of the "D" Shareholders.

More Definitions of Specified Dividend

Specified Dividend means a one-time dividend to the Permitted Investors on or within 90 days after the Closing Date in an aggregate amount not to exceed $75,000,000; provided, however, that an aggregate amount not to exceed $1,500,000 shall be permitted to be paid after the date which is 90 days after the Closing Date to the extent paid on or before June 15, 2016.

Specified Dividend means the dividend or other distribution in an aggregate amount not to exceed $165,000,000 by the Borrower to holders of Equity Interests of the Borrower within 30 days following the Closing Date.

Specified Dividend means the payment by the Company of a special cash dividend to Rexnord Corporation or a subsidiary thereof prior to the spin-off of the Company from Rexnord Corporation.

Specified Dividend means the dividend declared by the Company in March 2020 that remains unpaid as of the date hereof.

Specified Dividend means, collectively, one or more dividends or other distributions or payments to Holdings (and subsequently, one or more dividends or other distributions or payments by Holdings to one or more Parent Companies or existing shareholders) in order to fund the Refinancing and the Distribution (as defined in the Investment Agreement).

Specified Dividend means the one-time dividend paid by Holdings in respect of its Equity Interests during the fiscal quarter of Holdings ending on or about June 30, 2014 in an aggregate amount not to exceed $50,000,000...”;

Specified Dividend means the payment by the Borrower on January 4, 2016 of the dividend publicly declared by the Borrower on October 21, 2015 in an aggregate amount not to exceed $10,700,000.