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.
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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.
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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.
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Examples of Specified Dividend in a sentence

  • The proceeds of the Tranche D Term Loans are to be used solely to (i) finance a portion of the Specified Dividend, (ii) repurchase or otherwise redeem the Senior Subordinated Notes described in clause (i) of the definition thereof (the “Subordinated Notes Refinancing”) and (iii) pay fees and expenses incurred in connection with the Second Restatement Transactions.

  • Concrete Mid-Holdings will use the proceeds of the Intercompany Loan to make the Note Repayment and to pay (directly or indirectly) the Specified Dividend.

  • Proceeds of Revolving Credit Loans shall be used solely for the working capital and general corporate purposes of the Borrowers and their Subsidiaries; provided, that no proceeds of Revolving Credit Loans may be used, directly or indirectly, to pay dividends (including, without limitation, the Specified Dividend) or other Restricted Payments.

  • Proceeds of Term Loans shall be used: (i) to refinance indebtedness under the Existing Loan Agreement; (ii) to finance up to (but not in excess of) $20,000,000 of the Specified Dividend; and (iii) to pay fees and expenses of Holdings or any of its Subsidiaries in connection with the Transactions.

  • Any adjustment under this Section 5.1(d) shall, subject to Section 5.1(f)(iv), become effective immediately prior to the opening of business on the day after the date for the determination of the holders of Common Shares entitled to receive such Specified Dividend.


More Definitions of Specified Dividend

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.”
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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.
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Specified Dividend means any Restricted Payment made pursuant to Section 6.08(a)(xiv).
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Specified Dividend means the dividend declared by the Company in March 2020 that remains unpaid as of the date hereof.
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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.
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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.
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Specified Dividend means that certain dividend declared to the Administrative Agent and the Lenders prior to May 15, 2020 and paid in September 2020 in an amount not to exceed $31,595,000.
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