Capital Release definition

Capital Release means the distribution by UIC of an amount of $50,000,000, and the distribution or other payment (including the repayment of any amounts outstanding under the Revolving Loan Agreement) by each of UAQ and the Company of an amount equal to such distribution by UIC which took place on 26 September 2008;
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Examples of Capital Release in a sentence

  • If the Regulatory Capital Release Offer Purchase Date is on or after a regular record date and on or before the related interest payment date, any accrued and unpaid interest up to (but not including) the Regulatory Capital Release Offer Purchase Date will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Regulatory Capital Release Offer.

  • Assets Subject to Liens 86 Section 4.20 Regulatory Capital Release Event Redemption / Offer.

  • Accordingly, and notwithstanding anything herein to the contrary, Lender may, in its sole discretion, refuse to make one or more Advances hereunder unless and until all Access Capital Claims are fully paid and Borrower has delivered to Lender the Access Capital Release.

  • Upon the determination of the Final Post-Closing Adjustment pursuant to Section 2.8(e) of the Merger Agreement, Parent and the Stakeholders’ Representative shall execute and deliver to the Escrow Agent a Working Capital Release Notice instructing the Escrow Agent to promptly release the Working Capital Escrow Funds that were not released pursuant to Section 6(a) to the person(s) and in the amounts as specified in such Working Capital Release Notice.

  • Any Escrow Funds remaining in the Indemnity Account following the Indemnity Release Date shall only be released in accordance with the provisions of Section 5(a), and (b) any Escrow Funds remaining in the Working Capital Account following the Working Capital Release Date shall only be released in accordance with the provisions of Section 5(b).

  • If the Debenture is not paid in full by the Final Payment Date, ▇▇▇▇▇▇▇ Krooks shall return the Venture Capital Release to Venture Capital and shall be rendered null and void, ab initio.

  • At such time as the Debenture is paid in full pursuant to the terms thereof as of this Agreement, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ shall immediately release the Venture Capital Release to the Company.

  • Under certain circumstances, the Issuer may be required to offer to purchase the Notes (a) upon the occurrence of an Asset Sale pursuant to Section 4.10, (b) upon the occurrence of a Change of Control pursuant to Section 4.14 or (c) upon the occurrence of a Regulatory Capital Release Event pursuant to Section 4.20.

  • On each date on which the Capital Release Amount in relation to any relevant member of the Group is greater than zero, each Obligor shall (and shall procure that each member of the Group shall) procure that an amount equal to the relevant Capital Release Amount on that date is promptly transferred to the CRA Account of the Parent by way of dividend, loan or otherwise (subject to the other provisions of this Agreement).

  • If requested by Lender prior to Lender's making any Advance, promptly use the proceeds of such Advance for full payment of all Access Capital Claims, and promptly following such payment obtain and deliver to Lender the Access Capital Release.