Reinvestment Deferred Amount definition

Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice.

Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by any Loan Party in connection therewith that are not applied to prepay the Loans or other amounts pursuant to Section 2.12(e) as a result of the delivery of a Reinvestment Notice.

Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Term Loans or reduce the Revolving Credit Commitments pursuant to Section 2.12(b) as a result of the delivery of a Reinvestment Notice.

Examples of Reinvestment Deferred Amount in a sentence

• On any Reinvestment Prepayment Date, the Borrower shall prepay the Loans in an amount equal to the remaining Reinvestment Deferred Amount which has not been reinvested as of such date in accordance with the applicable Reinvestment Notice, which prepayment shall be applied as provided in clause (c) below.

• Make or commit to make any Capital Expenditure, except (a) Capital Expenditures of the Borrower and its Subsidiaries in the ordinary course of business not exceeding $1,000,000, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Capital Expenditures consisting of Permitted Acquisitions.

• Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).

• Make or commit to make any Capital Expenditure, except (a) Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business not exceeding in any fiscal year the lesser of (i) $14,000,000 and (ii) 2.00% of the amount of net sales of the Borrower and its Restricted Subsidiaries for such fiscal year, determined in accordance with GAAP and (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount.

• Make or commit to make any Capital Expenditure, except (a) Consolidated Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries in the ordinary course of business, (b) Capital Expenditures made with the proceeds of any Reinvestment Deferred Amount and (c) Consolidated Growth Capital Expenditures to the extent permitted by Section 7.8(h).

More Definitions of Reinvestment Deferred Amount

Reinvestment Deferred Amount means, with respect to any Net Cash Proceeds of any Reinvestment Event, the portion of such Net Cash Proceeds subject to a Reinvestment Notice.

Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith which are not applied to prepay the Term Loans or reduce the Revolving Credit Commitments pursuant to Section 2.10(b) as a result of the delivery of a Reinvestment Notice.

Reinvestment Deferred Amount means, with respect to a Prepayment Event described in SECTION 2.17(a) or (b), the aggregate Net Proceeds received by any Loan Party in connection therewith that are not applied to prepay the Term Loans in accordance with the provisos in SECTIONS 2.17(a) or (b), as applicable.

Reinvestment Deferred Amount with respect to any Reinvestment Event, an amount equal to the aggregate Net Cash Proceeds received by any Group Member in connection therewith that would have otherwise been required to be applied to prepay the Term Loans pursuant to Section 4.2(b)(i) but for the delivery of the Reinvestment Notice.

Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any Subsidiary in connection therewith which are not applied to prepay the Revolving Credit Loans and to permanently reduce the Total Revolving Credit Commitment pursuant to Sections 4.2(d)(i) AND 4.2(d)(ii) as a result of the delivery of a Reinvestment Notice. "REINVESTMENT EVENT": any Asset Sale, Recovery Event or Specified Offering in respect of which the Borrower has delivered a Reinvestment Notice. "REINVESTMENT NOTICE": a written notice executed by a Responsible Officer of the Borrower stating that no Default has occurred and is continuing and that the Borrower (directly or indirectly through a Wholly Owned Subsidiary), in good faith, intends and expects to contractually commit to use all or a specified portion of the Net Cash Proceeds of an Asset Sale, Recovery Event or Specified Offering to make a Subject Acquisition or, in the case of a Recovery Event or a Specified Offering, to restore or replace the assets in respect of which a Recovery Event has occurred on or prior to the earlier of (a) the date which is 180 days after the date of such Asset Sale, Recovery Event or Specified Offering and (b) the date on which such proceeds would be required to be applied, or to be offered to be applied, to prepay, redeem or defease any Indebtedness of the Borrower or any Subsidiary (other than Indebtedness under this Agreement) if not applied as described above (such earlier date, the "REINVESTMENT DEADLINE"). "REINVESTMENT PREPAYMENT AMOUNT": with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto, less any amount expended prior to the relevant Reinvestment Prepayment Date to make a Subject Acquisition or restore or replace assets in respect of which a Recovery Event has occurred. "REINVESTMENT PREPAYMENT DATE": with respect to any Reinvestment Event, the earliest of (a) the first date occurring after such Reinvestment Event on which a Default shall have occurred, (b) the relevant Reinvestment Deadline or Extended Reinvestment Deadline, (c) the date on which the Borrower shall have made a final determination not to apply the relevant Net Cash Proceeds in the manner contemplated by the relevant Reinvestment Notice and (d) 30 days after the termination or consummation of, or amendment to reduce the purchase price under, any definitive acquisition agreement described in the definition in the definition of Reinvestment Notice.

Reinvestment Deferred Amount as of any date of determination, with respect to any Reinvestment Proceeds, the portion thereof that are not applied to prepay the Term Loans pursuant to Section 2.9(a), as such amount may be reduced from time to time by application of such Reinvestment Proceeds to acquire assets useful in the Borrower’s business.

Reinvestment Deferred Amount with respect to any Reinvestment Event, the aggregate Net Proceeds received by the Borrower or any Subsidiary in connection therewith that are not applied to prepay the Term Loans pursuant to subsection 4.6(b).