PERMITTED CLOSING DATE PAYMENT definition

PERMITTED CLOSING DATE PAYMENT means the payment by the Company of one or more dividends to Holdings on the Issue Date or promptly thereafter in an aggregate amount of up to $197.0 million in cash.
Sample 1Sample 2
PERMITTED CLOSING DATE PAYMENT means the payment by the Company of one or more dividends to its stockholders on the Issue Date or promptly thereafter in an aggregate amount of up to $72.5 million in cash. "PERMITTED HOLDERS" means (i) Pegasus Partners II, L.P., (ii) MSD, (iii) Carolwood Tabletop Holdings, LLC, and (iv) any Related Party of any of the foregoing.
Sample 1
PERMITTED CLOSING DATE PAYMENT means Borrower’s one-time, lump sum payment of an aggregate amount not to exceed $7,000,000. In Borrower’s discretion, such payment may be in the form of: (a) a Volt Service Payment under the Volt Service Agreement in respect of a like principal amount of accrued but unpaid amounts owed by Borrower thereunder; or (b) a dividend by Borrower to its sole stockholder of record (for the direct or indirect benefit of Parent, its indirect sole stockholder); or (c) some combination of the two foregoing alternatives, in an aggregate amount not to exceed $7,000,000. To the extent such payment is made under clause (a) above, it shall not limit Borrower’s right to make additional Volt Service Payments subsequent to the Closing Date (to the extent otherwise permitted under this Agreement); and, to the extent such payment is made under clause (b) above, it shall not limit the generality of restrictions contained elsewhere in this Agreement on the making of any other dividends.
Sample 1

Related to PERMITTED CLOSING DATE PAYMENT

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Scheduled Closing Date Has the meaning specified in the NPA.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Closing Date Transactions means, collectively (a) the funding of the Loans on the Closing Date and the execution and delivery of Loan Documents to be entered into on the Closing Date, (b) the Debt Proceeds Transfer, and (c) the payment of Closing Date Transaction Expenses.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Closing Date Acquisition shall have the meaning assigned to such term in the recitals hereto.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.