Examples of Closing Date Distribution in a sentence
Use the proceeds of the Credit Extensions for working capital and general corporate purposes, including, without limitation, the making of the Closing Date Distribution, in each case, not in contravention of any Law or of any Loan Document.
The proceeds of (a) the Term Loan will be used to make the Closing Date Distribution, to repay intercompany Indebtedness and for general corporate purposes, in each case, not in contravention of any Law or any Loan Document, and (b) any other Credit Extension will be used for working capital and general corporate purposes, in each case, not in contravention of any Law or any Loan Document.
The Borrower has used the proceeds of the Revolving Facility Loans and Swingline Loans, and may request the issuance of Revolving Letters of Credit, solely for general corporate purposes (including, without limitation, the Closing Date Refinancing, the Closing Date Distribution, Permitted Business Acquisitions and other Investments permitted by this Agreement).
Notwithstanding anything in this Agreement to the contrary, the Partnership shall be entitled to withhold from the Closing Date Distribution otherwise payable to Olin or PolyOne under this Agreement such amounts as are required to be withheld with respect to the making of such payment under any applicable Tax withholding requirements of the Code or under any provision of state, local, foreign or other Tax law.
The greater the capital owned by the cooperative, the greater the chance for the cooperative to develop and vice versa.