Retained Declined Proceeds definition

Retained Declined Proceeds has the meaning specified in Section 2.05(b)(v).

Retained Declined Proceeds shall have the meaning provided in Section 5.2(f).

Retained Declined Proceeds has the meaning assigned to such term in Section 2.11(e).

Examples of Retained Declined Proceeds in a sentence

• If an amount equal to the Excess Proceeds exceeds the amount paid in connection with the consummation of an Asset Sale Offer (any such excess amount, “ Retained Declined Proceeds ”), the Company may use those Retained Declined Proceeds for any purpose not otherwise prohibited by this Indenture.

• For the avoidance of doubt, the Company may apply any Retained Declined Proceeds in any manner not prohibited by this Indenture and such Retained Declined Proceeds shall in no event and under no circumstances constitute Excess Proceeds.

• Any Term Lender may elect, by notice to the Administrative Agent by telephone (confirmed by facsimile) at least one Business Days prior to the prepayment date, to decline all or any portion of any prepayment of its Term Loans to be made pursuant to Section 2.11(c) , in which case the aggregate amount of the prepayment that would have been applied to prepay Term Loans was so declined shall be retained by the Borrower (“ Retained Declined Proceeds ”).

• If an amount equal to the Excess Proceeds exceeds the amount paid in connection with the consummation of an Asset Sale Offer (any such excess amount, “RetainedDeclined Proceeds”), the Issuers may use those Retained Declined Proceeds for any purpose not otherwise prohibited by this Indenture.

• In the event that the aggregate amount of Retained Declined Proceeds is greater than $0, such amount shall be retained by the Borrower.

More Definitions of Retained Declined Proceeds

Retained Declined Proceeds as defined in Section 2.11(f).

Retained Declined Proceeds has the meaning set forth in Section 2.11(g).

Retained Declined Proceeds means the Net Proceeds in respect of any Asset Sale not required to be applied to make a prepayment or to be reinvested under Section 4.16.

Retained Declined Proceeds has the meaning assigned to such term in Section 2.11(e). “Revolving Availability Period” means the period from and including the Closing Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments. “Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swing Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such Xxxxxx’s Revolving Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment, (iii) an Incremental Revolving Commitment Increase or (iv) a Loan Modification Agreement. The initial amount of each Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption, Loan Modification Agreement or Refinancing Amendment pursuant to which such Lender shall have assumed its Revolving Commitment, as the case may be. The aggregate amount of the Lenders’ Revolving Commitments on the Closing Date is $20,000,000. “Revolving Exposure” means, with respect to any Revolving Lender at any time, the sum of the outstanding principal amount of such Revolving Lender’s Revolving Loans at such time, its LC Exposure at such time and its Swing Exposure at such time. “Revolving Lender” means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure. “Revolving Loan” means a Loan made pursuant to clause (b) of Section 2.01. “Revolving Maturity Date” means (i) September 1, 2026 (or if such day is not a Business Day, the immediately preceding Business Day) or (ii) with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment and with respect to

Retained Declined Proceeds has the meaning given thereto in Section 2.13(i).

Retained Declined Proceeds shall have the meaning assigned to such term in Section 5.02(k).

Retained Declined Proceeds as defined in Section 5.11(d).