General Corporate Purposes definition

General Corporate Purposes. (when used herein) means, until principal and Fixed Interest on the Notes has been paid in full, general corporate purposes reasonably appropriate for an entity in the financial condition of the Company at the time and having as its primary objective the maximization of net cash flows for the timely payment of its debt obligations, and after such payment in full of the principal and Fixed Interest on the Notes means, general corporate purposes without further description; provided, however, that in no event shall General Corporate Purposes include any acquisitions of businesses that are not Permitted Acquisitions.
General Corporate Purposes means (a) financing acquisitions permitted by Section 6.9.6 (other than the Acquisition), (b) making or incurring Capital Expenditures or (c) repurchasing and/or redeeming Series A Convertible Preferred Stock and warrants to purchase Common Stock held by the holders of such Series A Convertible Preferred Stock to the extent permitted by Section 6.10.6.

Examples of General Corporate Purposes in a sentence

  • For General Corporate Purposes – up to 25% of the Net Proceeds of the Tranche 1 Issue.

  • For the fermionic contribution to the two-loop coefficient, the quoted uncertainty is the statistical error in the numerical evalua- tion of the Feynman diagrams.

  • General Corporate Purposes (Collectively referred as “Objects”)The main objects clause of our Memorandum of Association and the objects incidental and ancillary to the main objects enables us to undertake the activities for which funds are being raised in the Issue.

  • In case of excess funds remaining after deployment as per the Objects of the Issue, the same will be utilized for General Corporate Purposes.

  • General Corporate Purposes Our management, in accordance with the policies of our Board, will have flexibility in utilizing the proceeds earmarked for general corporate purposes.

  • For General Corporate Purposes – up to 25% of the Net Proceeds of the Issue.

  • For the purpose of lending/ repayment of loan - minimum 75% of the Net Proceeds of the Issue.2. For General Corporate Purposes – up to 25% of the Net Proceeds of the Issue.

  • Our Management, in accordance with the policies of our Board, will have flexibility in utilizing proceeds embarked for General Corporate Purposes.

  • However, our management, in accordance with the policies of our Company, may have flexibility in utilizing the proceeds earmarked for General Corporate Purposes.

  • General Corporate Purposes* - Maximum of up to 25% of amount proposed to be financed from Net Proceeds* The Net Proceeds will be first utilized towards the Objects mentioned above.


More Definitions of General Corporate Purposes

General Corporate Purposes means, with respect to any transfer or disposition of Collateral by Guarantor or any Restricted Subsidiary, a transfer or disposition made for general corporate purposes of such Person reasonably related to (a) its ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (b) ownership of its Subsidiaries to the extent that such Subsidiaries are engaged in the ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (c) the recapitalization of Guarantor or the restructuring of the Indebtedness of Guarantor, (d) the payment of principal or interest owed by Guarantor with respect to Senior Notes or Subordinated Notes, or (e) the purchase, redemption, or retirement by Guarantor of Senior Notes or Subordinated Notes.

Related to General Corporate Purposes

  • General Corporation Law means the General Corporation Law of the State of Delaware, as amended from time to time.

  • Professional corporation means a corporation organized under this chapter.

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C. § 100, et. seq., as amended from time to time.

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • Foreign professional corporation means a professional corporation organized under laws other than the laws of this state.

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • School Corporation means any of the following:

  • Corporate Services Agreement means the corporate services agreement dated on or about the Closing Date between the Issuer and the Corporate Services Provider, together with any agreement for the time being in force amending or supplementing such agreement.

  • General Council means the General Council of the University;

  • Director of the Office of Water and Watersheds means the Director of the Office of Water and Watersheds, EPA Region 10, or an authorized representative.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund.

  • Foreign nonprofit corporation means an entity:

  • General Counsel means the Governor’s General Counsel, who serves as chief legal advisor to the Governor and supervises, coordinates, and administers the legal services for each Executive Agency pursuant to the Commonwealth Attorneys Act (71 P.S. §§ 732-101 et seq.), or her designee.

  • Corporate Headquarters means the location that is the primary center of direction, control and coordination for the company.

  • Foster care means substitute care furnished on a 24-hour-a-day basis to an eligible child, in a licensed foster care facility or approved shelter care facility, by a person or agency other than the child’s parent or guardian, but does not include care provided in a family home through an informal arrangement for a period of less than 30 days. Child foster care shall include but is not limited to the provision of food, lodging, training, education, supervision, and health care.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Compensation Plan means any compensation arrangement, plan, policy, practice or program established, maintained or sponsored by the Company or any subsidiary of the Company, or to which the Company or any subsidiary of the Company contributes, on behalf of any Executive Officer or any member of the immediate family of any Executive Officer by reason of his status as such, (i) including (A) any "employee pension benefit plan" (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) or other "employee benefit plan" (as defined in Section 3(3) of ERISA), (B) any other retirement or savings plan, including any supplemental benefit arrangement relating to any plan intended to be qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (the "Code"), or whose benefits are limited by the Code or ERISA, (C) any "employee welfare plan" (as defined in Section 3(1) of ERISA), (D) any arrangement, plan, policy, practice or program providing for severance pay, deferred compensation or insurance benefit, (E) any Incentive Plan and (F) any arrangement, plan, policy, practice or program (1) authorizing and providing for the payment or reimbursement of expenses attributable to air travel and hotel occupancy while traveling on business for the Company or (2) providing for the payment of business luncheon and country club dues, long-distance charges, mobile phone monthly air time or other recurring monthly charges or any other fringe benefit, allowance or accommodation of employment, but (ii) excluding any compensation arrangement, plan, policy, practice or program to the extent it provides for annual base salary.

  • Account Name means the name of the individual who lives with the child(ren) and who applies for the Children’s Health Insurance Program coverage on behalf of the child(ren).

  • Nonprofit corporation means that term as defined under section 108 of the nonprofit corporation act, 1982 PA 162, MCL 450.2108.

  • Corporate Secretary means the corporate secretary of the Corporation;

  • Print Name Notary Public /s/ Patricia A. Frank Commission No.: My Commission Expires: STATE OF FLORIDA COUNTY OF BREVARD The foregoing instrument was acknowledged before me this 1st day of March, 2000, by Jeffery B. Weinress, as President and Assistant Secretary of eXGNT, INC., a Delaware corporation, on behalf of said corporation. Said person (check one) |x| is personally known to me, |_| produced a driver's license (issued by a state of the United States within the last five (5) years) as identification, or |_| produced other identification, to wit:_______________________.

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • VP means the Danish central securities trading depository (VP Securities A/S), incorporated in Denmark with company registration number (CVR) 21599336.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Investment Management Agreement means the Investment Management Agreement made