Restricted Payment Capacity definition
Restricted Payment Capacity means, on any date of determination, the Dollar value of Restricted Payments (as defined in the VRI Indenture) that VRI and its Restricted Subsidiaries are permitted to make under, and in accordance with, Section 4.10 (Limitation on Restricted Payments) of the VRI Indenture on such date, without regard to whether VRI and its Subsidiaries are permitted to make a Restricted Payment (as defined in the VRI Indenture) on such date as a result of its failure to satisfy any condition to the making of a Restricted Payment (as defined in the VRI Indenture) as set forth in the VRI Indenture.”
Restricted Payment Capacity has the meaning ascribed to such term in Section 3.1G.
Examples of Restricted Payment Capacity in a sentence
Parent shall not, and shall not cause any other Person to, take any action that would result in a material reduction of the Broadband Restricted Payment Capacity or the LLC Restricted Payment Capacity other than any action taken to effect the Drawdown in accordance with the terms of this Agreement.