Specified Equity Contribution definition
Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.
Specified Equity Contribution has the meaning specified in Section 8.04.
Specified Equity Contribution as defined in Section 8.2.
Examples of Specified Equity Contribution in a sentence
To the extent that the proceeds of any Specified Equity Contribution are used to repay Indebtedness, such Indebtedness shall not be deemed to have been repaid for purposes of calculating the Financial Covenants for the applicable Fiscal Quarter of the Borrower in which the Financial Covenants shall have been increased as a result of such Specified Equity Contribution; provided, however, that such repayment shall be credited in any subsequent Fiscal Quarter.
More Definitions of Specified Equity Contribution
Specified Equity Contribution shall have the meaning provided in Section 10.11(b).
Specified Equity Contribution shall have the meaning assigned to such term in Section 7.02.
Specified Equity Contribution has the meaning set forth in Section 6.08(b).
Specified Equity Contribution shall have the meaning set forth in Section 6.3.
Specified Equity Contribution has the meaning provided in Section 7.07(c).
Specified Equity Contribution any cash equity contribution made to the Parent Borrower or any Parent Entity in exchange for Permitted Cure Securities; provided that (a) (i) such cash equity contribution to the Parent Borrower or any Parent Entity and (ii) in the case of a cash contribution to any Parent Entity, the contribution of any proceeds therefrom to, and the receipt thereof by, the Parent Borrower occur (x) after the Closing Date and (y) on or prior to the date that is (A) 21 Business Days after the date on which financial statements are required to be delivered for a Fiscal Quarter (or Fiscal Year) pursuant to Subsection 7.1(a) or 7.1(b) or (B) the date on which the Administrative Agent has notified the Borrower Representative that a Compliance Period has commenced (provided that the right to make a cash equity contribution for Permitted Cure Securities under this clause (a)(i)(y)(B) shall be limited to no more than once in each Fiscal Period) in accordance with Subsection 7.2(f); (b) the Parent Borrower identifies such equity contribution as a “Specified Equity Contribution” in a certificate of a Responsible Officer of the Parent Borrower delivered to the Administrative Agent; (c) in each four Fiscal Quarter period, there shall exist at least two Fiscal Quarters in respect of which no Specified Equity Contribution shall have been made; (d) no more than five Specified Equity Contributions may be made during the term of this Agreement; and (e) the amount of any Specified Equity Contribution included in the calculation of Consolidated EBITDA hereunder shall be limited to the amount required to effect or continue compliance with Subsection 8.1 hereof, whether or not a Compliance Period is in effect, and such amount shall be added to Consolidated EBITDA solely when calculating Consolidated EBITDA for purposes of determining compliance with Subsection 8.1.
Specified Equity Contribution shall have the meaning assigned to such term in the definition of the term “Consolidated EBITDA”.