Examples of Closing Date Dividend in a sentence
There shall not exist any action, suit, investigation, litigation or proceeding pending or threatened in any court or before any arbitrator or governmental authority that challenges the payment of the Closing Date Dividend, the funding of the Loans or any of the other transactions contemplated hereby.
The Borrower shall use the proceeds of the Loans solely as follows: (a) first, to refinance on the Closing Date, Prior Indebtedness and then, (b) to make the Closing Date Dividend and pay costs and expenses in connection with this Agreement and the Transactions, and (c) for working capital, capital expenditures and other general corporate purposes of the Borrower and its Subsidiaries not in contravention of any Requirement of Law and not in violation of this Agreement.
Both before and after giving effect to (a) the Term Loan made or continued on the Closing Date, (b) the payment of the Closing Date Dividend and (c) the payment and accrual of all transaction costs in connection with the foregoing, the Borrower is, together with its Subsidiaries, Solvent.
The proceeds of the Term Loans made on the Closing Date shall be applied by Borrower (i) to consummate the Transactions (including, without limitation, to pay the Transaction Costs), (ii) to repay the Existing Indebtedness, (iii) to pay the Closing Date Dividend and (iv) for general corporate purposes.
On or about the date hereof, the Contributee shall distribute to the Contributor the Closing Date Dividend.