Upstream Payments definition

Upstream Payments is defined in Section 7.3.

Upstream Payments has the meaning given to it in Clause 5.4.

Upstream Payments a Distribution by any Subsidiary of the Borrower to (i) the Borrower, (ii) any Guarantor or (iii) any other Person that otherwise owns a direct equity interest in such Subsidiary, in proportion to such Person’s ownership interest in such Subsidiary or on account of repayment of any intercompany loan which constitutes a Permitted Investment.

Examples of Upstream Payments in a sentence

• If an Event of Default has occurred and is continuing, then any such Dividend or payment (other than Upstream Payments) shall be paid directly to Agent to be applied as set forth in Section 5.7.

• Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

• Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

• Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

• Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under the Revolving Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

More Definitions of Upstream Payments

Upstream Payments means a distribution of cash or other Property by a Subsidiary to a Borrower.

Upstream Payments means, in respect of any period, the aggregate amount of all amounts received in cash by Offshore Group Companies from Onshore Group Companies during that period.

Upstream Payments means payments to its shareholders (i.e., SPV1 and the non-SPV1 holder of one SPV2 share), pro rata according to their ownership percentage of SPV2, in the form of dividends, upstream loans, management fees, capital reductions, and principal, interest or other payments on shareholder funding (including, without limitation, payments on pre-funded equity and any shareholder funding provided after Completion) and (ii) ”Holdco Costs” shall mean payments to third parties of reasonable and customary costs and expenses (including taxes) of a holding company. Upstream Payments shall be made as frequently as practicable within reasonable business discretion of SPV2.

Upstream Payments as set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor:

Upstream Payments as defined in Section 8.8.

Upstream Payments means, collectively, all payments by a Subsidiary of the Borrower to the Borrower, whether made directly or indirectly through another Subsidiary, and whether paid in cash or in other property or by operation of setoff or recoupment or otherwise, in respect of shares of stock in Subsidiaries, Indebtedness, promissory notes, and other securities and obligations of Subsidiaries held by the Borrower, and all rights of the Borrower and its Subsidiaries to receive management and other fees.

Upstream Payments any combination of dividends, distributions, advances, and loans made by any of the Foreign Leasing Subsidiaries or Special Purpose Entities to the Borrowers.