Proceeds Payments definition

Proceeds Payments means one or more cash dividends, cash distributions, payments in respect of the repurchase of common shares or Preferred Stock (whether pursuant to the exercise of redemption or retraction rights or otherwise), repayments of capital, or other payments that would otherwise constitute a Restricted Payment, by the Company, from the net proceeds received from the offering of the Original Notes issued on the Original Issue Date; provided that such cash dividends or other payments shall not exceed an aggregate amount of $125 million and shall be made within one year following the Original Issue Date.
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Proceeds Payments has the meaning given in paragraph (a) of Clause 11.24;
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Proceeds Payments means one or more cash dividends, or other payments that would otherwise constitute a Restricted Payment, by the Company in an aggregate amount not to exceed the gross proceeds from the offering of the Notes issued on the Issue Date; provided that at least a majority of the gross proceeds from that offering of the Notes be declared and paid as a dividend within 30 days of the Issue Date.
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Examples of Proceeds Payments in a sentence

  • Protection of Proceeds Payments under this contract are not assignable by any beneficiary prior to the time they are due.

  • Patent Owner’s obligation to pay the IPLLC Proceeds Payments shall be secured under the terms of the Patent Proceeds Security Agreement, and if requested by the Patent Owner, IPLLC agrees to execute a subordination agreement with respect to the security interest created thereby with any Senior Lien holder, in form reasonably acceptable to IPLLC and the Senior Lien holder.

  • All reports shall be in the English Language and in sufficient detail such that IPLLC can reasonably verify the IPLLC Proceeds Payments due to IPLLC.

  • All outstanding IPLLC Proceeds Payments under this Agreement shall become due and payable upon the occurrence of an Acceleration Event, in addition to any other remedies IPLLC may have at law or in equity.

  • In the event any such inspection shows an underpayment of IPLLC Proceeds Payments by Patent Owner or one of its Affiliates for any calendar-quarter period, Patent Owner shall promptly pay to IPLLC any such amounts plus a Late Payment Charge, as defined in the Restructure Agreement.

  • In the event any Gross Monetization Proceeds are received by an Affiliate or Affiliates of Patent Owner, Patent Owner and each such Affiliate will be jointly and severally responsible for the payment and reporting to IPLLC of the IPLLC Proceeds Payments owed pursuant to Sections 3.2, 3.3, 3.4 and 3.5 of this Agreement.

  • Furthermore, if such underpayment is more than the greater of (A) 5% of the total IPLLC Proceeds Payments due for the period audited or (B) $10,000, or if the audit shows that any under-reporting was willful, Patent Owner or such Affiliates shall reimburse IPLLC for the cost of the inspection within thirty (30) days after any such finding of underpayment.

  • Patent Owner’s obligation to pay the UWH Proceeds Payments shall be secured under the terms of a Security Interest Addendum in the form attached as Exhibit C (the “Security Interest Addendum”), and if requested by the Patent Owner, UWH agrees to execute a subordination agreement with respect to the security interest created thereby, in form reasonably acceptable to the UWH, with any person having a Senior Lien.

  • On the Delivery Date and upon the successful conclusion of the sale of the Collateral Ships and following the making of the Proceeds Payments in respect of both Collateral Ships in full in accordance with paragraph (a) above and the payment in full by the Collateral Owners of any legal fees and expenses outstanding in connection with the Existing Loan Agreement, the Creditor Parties shall deliver the duly executed Deed of Release to the Collateral Owners.

  • All outstanding UWH Proceeds Payments shall become due and payable within thirty (30) days following an Acceleration Event, in addition to any other remedies UWH may have at law or in equity.


More Definitions of Proceeds Payments

Proceeds Payments means, with respect to each Calendar Year, Proceeds payable in lieu of [***]. ACTIVE/202499197.22
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Proceeds Payments means, with respect to each Fiscal Year until the Annual Threshold has been met for such Fiscal Year, Proceeds payable in lieu of [***].
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