Effective Date Transactions means (a) the execution, delivery and performance of the Loan Documents and the making of the Loans hereunder, (b) the transactions contemplated by the PCC Acquisition Documents (including the PCC Acquisition), and (c) the other transactions contemplated hereby and thereby to occur on the Effective Date.
Effective Date Transactions means the transactions listed in Article V.E. “Entity” means an “entity” as defined in Bankruptcy Code section 101(15).
Effective Date Transactions means each of the following: (a) on or after the Effective Date (but not later than 20 Business Days after the Effective Date (subject to extension at the Administrative Agent’s reasonable discretion, but not to exceed an additional 20 Business Days)), the making of a one-time cash dividend to Holdings’ equity holders in the amount of approximately (i) $171,000,000 plus (ii) in the event the Effective Date Purchase is for a purchase price that is less than $40,000,000 but greater than $36,000,000, an amount equal to $40,000,000 minus the actual purchase price for the Effective Date Purchase (for the avoidance of doubt, if the amount paid for the Effective Date Purchase is equal to or less than $36,000,000, clause (ii) shall be zero) (the “Effective Date Dividend”) and (b) the consummation of the acquisition of certain clubs (and related assets) from existing franchisees, on or after the Effective Date (but not later than 20 Business Days after the Effective Date (subject to extension at the Administrative Agent’s reasonable discretion, but not to exceed an additional 20 Business Days)), for an amount not to exceed $40,250,000 (the “Effective Date Purchase”).
Examples of Effective Date Transactions in a sentence
The Effective Date Transactions shall have been, or shall substantially concurrently with the effectiveness of this Agreement be, consummated.
The Administrative Agent shall have received a certificate, dated the Effective Date and signed by a Financial Officer of GEO, to the effect that, on and as of the Effective Date (after giving effect to the Effective Date Transactions), GEO and its Subsidiaries, on a consolidated basis, are Solvent.
More Definitions of Effective Date Transactions
Effective Date Transactions means the Transactions that have occurred, or that are contemplated or required by this Agreement to have occurred, on or before the Effective Date and prior to or simultaneously with the initial Borrowing or issuance of a Letter of Credit hereunder.
Effective Date Transactions means collectively, the transactions that occurred on or prior to the Effective Date pursuant to the Transaction Documents, including without limitation the Loan Financing Transactions, the IPO and the issuance of the Senior Notes.
Effective Date Transactions means, collectively, the Effective Date Acquisition and the Effective Date Contribution.
Effective Date Transactions has the meaning assigned in Section 3.2.
Effective Date Transactions means collectively, (a) the funding of the Loans hereunder on the Effective Date, (b) the repurchase of the common stock of the Borrower in an aggregate amount not to exceed $285,000,000 and (c) the Effective Date Refinancing.
Effective Date Transactions means (a) the execution, delivery and performance of the Loan Documents and the making of the Loans hereunder and (b) the other transactions contemplated hereby and thereby to occur on (or, in the case of the payoff in full of the Existing Notes, within 3 Business Days of) the Effective Date.