Distribution Suspense Period definition
Distribution Suspense Period means any period of eight consecutive Quarterly Payment Dates on which the Distribution Conditions for making a Restricted Payment have not been satisfied or waived.
Examples of Distribution Suspense Period in a sentence
The Company shall repay the Notes with accumulated amounts in the Distribution Suspense Account on the last Quarterly Payment Date of any Distribution Suspense Period in accordance with Section 3.09 hereof and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement.
The Company shall repay the Notes with accumulated amounts in the Distribution Suspense Account on the last Quarterly Payment Date of any Distribution Suspense Period in accordance with the Indenture and the provisions of the Depositary Agreement, to the extent required pursuant to the terms of the Depositary Agreement.