Permitted Stock Repurchases definition

Permitted Stock Repurchases means the repurchase by Borrower of Borrower’s Capital Stock for value, provided that (a) such repurchase is, or is part of a repurchase program, approved by Borrower’s Board of Directors and (b) such approval has been disclosed in writing to Agent prior to the execution thereof.

Permitted Stock Repurchases means any buybacks or repurchases of stock issued by the Administrative Borrower or any other Loan Party during any fiscal year in an aggregate amount not to exceed 30% of Consolidated Net Income for the preceding fiscal year.

Permitted Stock Repurchases as defined in Section 6.4(g).

Examples of Permitted Stock Repurchases in a sentence

• Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose (in each case, other than in connection with Permitted Stock Repurchases).

• Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document (including, without limitation, to refinance existing indebtedness, finance ongoing working capital, capital expenditures, Permitted Acquisitions and Investments, and Permitted Stock Repurchases).

• Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document (including, without limitation, to refinance existing indebtedness, finance ongoing working capital, capital expenditures, Permitted Acquisitions, Permitted Foreign Acquisitions and Investments, and Permitted Stock Repurchases).

• Use the proceeds of the Credit Extensions (a) to finance Permitted Stock Repurchases, (b) for the issuance of letters of credit, and (c) for general corporate purposes (including, without limitation, for purposes of financing Permitted Acquisitions) not in contravention of any Law or of any Loan Document.

• The Borrower shall use the proceeds of the Revolving Loans (i) to pay fees and expenses incurred in connection with this Agreement; (ii) to refinance existing indebtedness of the Loan Parties (including refinancing of the Indebtedness under the Existing Credit Agreement); (iii) to finance Permitted Acquisitions and Permitted Stock Repurchases and (iv) (together with Letters of Credit issued hereunder) to provide for the working capital and general corporate purpose needs of the Loan Parties.

More Definitions of Permitted Stock Repurchases

Permitted Stock Repurchases shall have the meaning given to such term in Section 7.9 hereof;

Permitted Stock Repurchases means the repurchase on any settlement date on and after the Closing Date of Capital Stock of the Borrower in an aggregate amount of up to $50 million (excluding commissions and any Capital Stock repurchases under Section 8.7(c)) during any period of four consecutive fiscal quarters on or after the Closing Date and $125 million (excluding commissions and any Capital Stock repurchases under Section 8.7(c)) in total on and after the Closing Date.

Permitted Stock Repurchases means those repurchases of Capital Stock by the Borrower permitted by Section 8.06.

Permitted Stock Repurchases means repurchases or redemptions by the Company of its capital stock for fair and reasonable consideration; so long as, (i) both before and after giving effect to the applicable repurchase, the Leverage Ratio is less than 2.75 to 1:00 (or, if the Company has made the election contemplated by Section 7.11(e) with respect to a Material Acquisition, 3.00 to 1.0) and (ii) no Default exists.

Permitted Stock Repurchases means repurchases of stock from former employees or directors of Borrower under the terms of applicable repurchase agreements (i) in an aggregate amount not to exceed One Hundred Thousand Dollars ($100,000) in any fiscal year, provided that no Event of Default has occurred, is continuing or would exist after giving effect to the repurchases, or (ii) in any amount where the consideration for the repurchase is the cancellation of indebtedness owed by such former employees to Borrower regardless of whether an Event of Default exists.

Permitted Stock Repurchases the repurchase of any outstanding Equity Interests held by the public stockholders of Parent; provided that for any repurchase (i) after giving effect to such repurchase, the aggregate amount of all such repurchases during the term hereof does not exceed $45,000,000, (ii) after giving effect to such repurchase, Availability is greater than the greater of 25% of the Revolver Commitment or $23,750,000 (after giving effect to the Availability Block), and (iii) Average Availability is greater than the greater of 25% of the Revolver Commitment or $23,750,000 (after giving effect to the Availability Block) for the sixty (60) day period immediately preceding such repurchase.”

Permitted Stock Repurchases and "Permitted Acquisitions" shall have the meanings ascribed to such terms in the Standby Letter of Credit Agreement. The following terms shall have the respective meanings set forth below: