Restricted Distributions definition
Examples of Restricted Distributions in a sentence
Upon the occurrence and during the continuation of any Event of Default under Section 9.1(a), Borrower shall not make any Restricted Distributions.
Upon the occurrence and during the continuation of any Event of Default (other than an Event of Default under Section 9.1(a)), and subject to the 95% limitation described above, Borrower shall not make any Restricted Distributions in excess of the minimum amount necessary to remain a qualified "real estate investment trust" under the Code.
The proceeds of Revolving Loans shall be used by the Borrowers solely for the purposes set forth in the preceding sentence and for working capital needs of the Borrowers including, without limitation, for making Permitted Acquisitions and for the making of Restricted Distributions to the extent permitted pursuant to Section 5.4.
The maximum amount of such Restricted Distributions and such payments, prepayments, redemptions or repurchases permitted by such Sections during the Computation Period is $ , as computed on Attachment 3 hereto (Item II(F)).
The Indenture imposes certain limitations on the ability of the Issuer and the Guarantors to, among other things, make certain Investments, make Restricted Distributions, incur Debt, enter into consensual restrictions upon the payment of Restricted Distributions, enter into or permit certain transactions with Affiliates and create or incur Liens and make Asset Dispositions.
Allocation of Profits, Losses and Distributive Shares of Tax Items....................32 Section 7.3. Compliance with Code..................................................................37 Section 7.4. Allocations upon Transfer of Membership Interest......................................38 Section 7.5. Restricted Distributions.
DISTRIBUTIONS 15 Section 4.01 Distributions 15 Section 4.02 Restricted Distributions 17 ARTICLE V.
DISTRIBUTIONS 25 Section 5.1. Requirement and Characterization of Distributions 25 Section 5.2. Distributions in Kind 26 Section 5.3. Amounts Withheld 26 Section 5.4. Distributions Upon Liquidation 27 Section 5.5. Restricted Distributions 27 Section 5.6. Distributions of Proceeds from Sale of Properties and Refinancing Debt 27 ARTICLE 6.
Declare or make any Restricted Distribution or Restricted Payment in any Fiscal Year which, when added to all other Restricted Distributions, and Restricted Payments made in the same Fiscal Year of MasTec, would (subject to the provisions of Section 11.4(d)) exceed $25,000,000; provided, that after giving effect to any such payment, no Event of Default shall exist, Availability is at least equal to $35,000,000, and MasTec shall pay dividends (if any are declared) only in shares of its own capital stock.
If Seller accepts the Actual Closing Items set forth in the Purchaser Closing Statement, then the calculations of Actual Working Capital, Actual Debt, Actual Company Transaction Expenses, Actual Redemption Payments, Actual Related Party Transaction Payments, Actual Restricted Distributions, and Actual Closing Date Cash Payment set forth in the Purchaser Closing Statement shall be deemed final, conclusive and binding upon all Parties for all purposes of this Agreement.