Permitted Payments definition

Permitted Payments has the meaning specified in Section 7.06(b).

Permitted Payments has the meaning provided in Section 4.11(b).

Permitted Payments means payments by the Distributor to Qualified Recipients as permitted by this Plan.

Examples of Permitted Payments in a sentence

• Permitted Payments Upon application you will required to pay a Holding Fee.

• Furthermore, upon the occurrence of certain events in relation to the payment of Permitted Payments as set out in Clause 16.9 of the Intercreditor Agreement, the Issuer may establish an additional account with an Eligible Institution for the transfer of Gross TACs from the Issuer Collection Account (any such account, a "Permitted Payments Account" and, together with the Expense Account, the PaymentsAccount and the Issuer Collection Account and the Reserve Accounts (if any), the " Issuer Accounts").

• The Permitted Payments and Benefits Determination 1996 is revoked.

• The title of this Determination is the Permitted Payments and Benefits (Wales) Determination 2010 and it comes into force on 1st November 2010.

• Discretionary severance payments can be made only in accordance with our policy on Permitted Payments & Benefits.

More Definitions of Permitted Payments

Permitted Payments means any payments, distributions or transfers with respect to (i) any Permitted Indebtedness (in the case of Subordinated Indebtedness, to the extent permitted by the relevant subordination or intercreditor agreement) and (ii) any Permitted Distributions.

Permitted Payments is defined in Section 3.2(b).

Permitted Payments shall have the meaning assigned to such term in Section 7.1 hereof.

Permitted Payments. Second Lien Liabilities).

Permitted Payments shall have the meaning given in Section 3 below.

Permitted Payments means, with respect to the Subordinated Indebtedness, payment of (a) Equity Interests of the Parent in connection with the conversion of the outstanding principal of and accrued interest on the Subordinated Indebtedness into Equity Interests of the Parent pursuant to Section 4 of the Subordinated Note, (b) Restructuring Securities in connection with an Insolvency Proceeding and (c) PIK Payments.

Permitted Payments shall have the meaning set forth in Article IV of this Agreement.