Restricted Distributions definition

Restricted Distributions means dividends on, or other payment or distributions on account of the purchase, redemption, retirement or other acquisition of, any shares of any class of stock.
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Restricted Distributions has the same meaning set forth in Section 8.09.
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Restricted Distributions is defined in Section 11(i).
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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.


More Definitions of Restricted Distributions

Restricted Distributions as to Borrower or any Guarantor, any: (a) dividend or other distribution (whether in cash, securities or other Property) on any equity interest in such Person (except those payable solely in equity interests of the same class), (b) payment on account of (i) purchase, redemption, surrender or cancellation of an equity interests in such Person or (ii) an option, warrant or other right to acquire any equity interests in such Person, (c) management or other fees or compensation to an affiliate of such Person, (d) lease or rental payments to an affiliate of such Person, or (e) repayments of Indebtedness held by an affiliate of such Person or the Subordinated Creditors, except as set forth in Section 7.8 of this Agreement
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Restricted Distributions is defined in SECTION 7.2.6.
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Restricted Distributions means the Joint Obligors’ payment of Distributions to Persons other than the Joint Obligors, without having met the Conditions for Distributions.
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Restricted Distributions means, as to a security or combination of securities, dividends, interest payments or other income distributions to the holders thereof that are not subsidiaries of the Company or TCC.
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Related to Restricted Distributions

  • Restricted Distribution means as to any Person (a) any dividend or other distribution on any equity interest in such Person (except those payable solely in its equity interests), or (b) any payment (except those payable solely in its equity interests) on account of (i) the purchase, redemption, retirement, defeasance, surrender or acquisition of any equity interests in such Person, or (ii) any option, warrant or other right to acquire any equity interests in such Person.

  • Permitted Distributions means the following Distributions:

  • Expected Distributions means, with respect to the Certificates of any Trust on any Current Distribution Date, the difference between (A) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (or, if the Current Distribution Date is the first Distribution Date after the date of issuance of such Certificates, the original aggregate face amount of the Certificates of such Trust) and (B) the Pool Balance of such Certificates as of the Current Distribution Date calculated on the basis that (i) the principal of any Non-Performing Equipment Notes held in such Trust has been paid in full and such payments have been distributed to the holders of such Certificates, (ii) the principal of any Performing Equipment Notes held in such Trust has been paid when due (whether at stated maturity or upon prepayment or purchase or otherwise, but without giving effect to any Acceleration of Performing Equipment Notes) and such payments have been distributed to the holders of such Certificates and (iii) the principal of any Equipment Notes formerly held in such Trust that have been sold pursuant to the terms hereof has been paid in full and such payments have been distributed to the holders of such Certificates. For purposes of calculating Expected Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest in respect of the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Expected Distributions.

  • Permitted Distribution means any of the following:

  • Prohibited Distributions means any and all dividends or other distributions paid by the Corporation with respect to any Excess Securities received by a Purported Transferee.