Permitted Redemptions definition
Permitted Redemptions means the Redemption by PPT and Borrower of Stock issued by PPT or Borrower not to exceed $250,000,000 in the aggregate during the term of this Agreement, provided that no Default exists or would result from such Redemption.
Permitted Redemptions to read in their entireties as follows:
Permitted Redemptions means an aggregate total of Three Hundred and Twenty-Five Thousand Dollars ($325,000) in redemptions, fees and payments by the Borrower to Investors under the Securities Purchase Agreement.
Examples of Permitted Redemptions in a sentence
Make any Restricted Payments other than Permitted Redemptions; provided that so long as either Borrower is a limited liability company, such Borrower may make Permitted Distributions.
More Definitions of Permitted Redemptions
Permitted Redemptions means all voluntary prepayments, purchases, repurchases and redemptions of the Company’s Common Stock or Senior Notes made by the Company pursuant to Section 11.4(vi).
Permitted Redemptions means the Redemption by the Trust of its Stock and the Redemption by the Partnership of its Stock for aggregate cash in an amount not to exceed in any calendar year THE LESSER OF (a) ninety percent (90%) of Adjusted FFO, and (b) one hundred percent (100%) of Adjusted CAD.
Permitted Redemptions any payment, prepayment, redemption or purchase by Holdings or Borrower, other than the Sinking Fund Payment, of (i) principal of or accrued interest on any Holdings Discount Indebtedness, Senior Subordinated Indebtedness and Senior Unsecured Indebtedness or (ii) LIN TV Common Stock, in each case, at a price not in excess of fair market value thereof and which, in the aggregate, shall not exceed $50,000,000.
Permitted Redemptions means the redemption or purchase, in one (1) or more transactions, by Borrower of Company Voting Stock between the Closing Date and December 31, 2001 in an amount not to exceed $75,000,000 in the aggregate for all such transactions.
Permitted Redemptions means the Redemption by ProLogis of its (a) Series A Preferred Stock, (b) Series E Preferred Stock, and (c) common Stock provided that the aggregate amount of common Stock redeemed shall not exceed $100,000,000 in the aggregate during the term of this Agreement.
Permitted Redemptions redemptions pursuant to Section 3(a), Section 3(b), and Section 4(a) of the Certificate of Designations of the Borrower's Series B Convertible Preferred Stock, so long as there is no Event of Default that has occurred and is continuing, provided, however, that the aggregate amount of Permitted Redemptions shall not exceed $17,000,000.
Permitted Redemptions the Holdings Discount Notes Refinancing; and (b) any payment, prepayment, redemption or purchase made on or after the Effective Date by Holdings or Borrower of (i) principal of or accrued interest on any Holdings Discount Indebtedness, Senior Subordinated Indebtedness and Senior Unsecured Indebtedness or (ii) LIN TV Common Stock, in each case, at a price not in excess of fair market value thereof and which, in the aggregate, shall not exceed $50,000,000.