Examples of Restricted Payment Condition in a sentence
Subject to Paragraph 32 (Permitted Inter-Company and Non-Migrated Bond Distributions) below, no Obligor will make a Restricted Payment unless the Restricted Payment Condition is satisfied.
In accordance with Section 5.08(b) of the Collateral Agency Agreement, we request that $[ ] be withdrawn from the Series 2021B Bonds Capitalized Interest Account and applied to pay accrued and unpaid 7 On each Calculation Date or other Restricted Payment Date, to the extent each Restricted Payment Condition has been satisfied as of the applicable Restricted Payment Condition Satisfaction Date.
If the Restricted Payment Condition was not satisfied as at any Financial Quarter Date but is subsequently satisfied on any following Financial Quarter Date, an Obligor may make a Restricted Payment in the following Financial Quarter but only to the extent the Further Restricted Payment Maximum would not be less than zero following the making of such Restricted Payment until the Restricted Payment Condition has been satisfied on eight consecutive Financial Quarter Dates.
The defendants objected to the Court’s jurisdiction on a number of grounds including that the claim was in respect of wills and succession and therefore outside the scope of the Brussels Regulation.
The directors confirm that the Restricted Payment Condition was satisfied with regard to the above Restricted Payment.