Restricted Payments definition
Examples of Restricted Payments in a sentence
Nothing herein shall be deemed to prohibit the payment of Restricted Payments by any Subsidiary Guarantor of the Borrower to the Borrower or to any other Subsidiary Guarantor.
Notwithstanding anything to the contrary herein, Restricted Payments to the holders of Acceptable Subsidiary Preferred Stock may only be made to the extent permitted by clause (viii) of this Section.
Directly or indirectly, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payments with respect to such Loan Party, or incur any obligation to do so.
Payment of Obligations 146149 ARTICLE IX NEGATIVE COVENANTS 147149 Section 9.1. Financial Covenants 147149 Section 9.2. Indebtedness 147149 Section 9.3. Liens 148150 Section 9.4. Fundamental Changes 148150 Section 9.5. Restricted Payments 149151 Section 9.6. Transactions with Affiliates 150152 Section 9.7. Amendments to Governing Documents 150152 Section 9.8. No Further Negative Pledges 151153 Section 9.9. Use of Proceeds 151153 Section 9.10.
Solely for purposes of this Agreement, in calculating the amount of Restricted Payments made by the Borrower during any period referred to in paragraph (b) above, any Restricted Payments made by Designated Subsidiaries or any other Excluded Asset that is a Subsidiary during such period (other than any such Restricted Payments that are made directly or indirectly to Obligors) shall be treated as Restricted Payments made by the Borrower during such period.