Permitted Share Repurchase means redemption or repurchase of Equity Interests of the Company, so long as at the time thereof and after giving effect thereto (x) no Default shall have occurred and be continuing and (y) the Adjusted Consolidated Leverage Ratio would be less than 3.0:1.0.
Permitted Share Repurchase has the meaning specified in Section 8.06(f).
Permitted Share Repurchase means, with respect to any Issuer, any publicly disclosed repurchase by such Issuer of shares of such Issuer in open-market transactions at prevailing market prices in an amount that does not, when aggregated with any and all previous such repurchases occurring in the same twelve (12) month period, exceed 7.5% of such Issuer’s market capitalization.
Examples of Permitted Share Repurchase in a sentence
Permitted Acquisitions, Permitted Business Acquisitions, Permitted Note Repurchase and Redemptions and Permitted Share Repurchase.
No member of the Consolidated Group shall contract, create, incur, assume or permit to exist any Lien with respect to any of its Property, except for Permitted Liens and except for Liens on any Capital Stock of the Borrower repurchased in a Permitted Share Repurchase.
More Definitions of Permitted Share Repurchase
Permitted Share Repurchase shall have the meaning assigned to that term in Section 9.06.
Permitted Share Repurchase means redemption or repurchase of Equity Interests of the Company, so long as at the time thereof and after giving effect thereto (x) no Default shall have occurred and be continuing and (y) the Consolidated Leverage Ratio would be less than 3.0:1.0.
Permitted Share Repurchase means a transaction whereby Borrower purchases shares of Borrower Common Stock to the extent permitted by Section 9.03(b).
Permitted Share Repurchase means the redemption, purchase, or other acquisition or retirement for value of any equity interests of Borrowers, provided, that, each of the following conditions has been satisfied at the time of and after giving effect to such repurchase, as determined by Bank in its reasonable discretion:
Permitted Share Repurchase means the repurchase by the Company of shares of its common stock with no more than $18,000,000 of the proceeds of the issuance of the Convertible Senior Debentures.
Permitted Share Repurchase means, with respect to any Issuer, any publicly disclosed repurchase by such Issuer of shares of such Issuer in open-market transactions at prevailing market prices in an amount that does not, when aggregated with any and all previous such repurchases occurring in the same twelve
Permitted Share Repurchase has the meaning provided in the preliminary statements hereto.