Restrictive Provision definition

Restrictive Provision has the meaning set forth in ‎Section 3.06.

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Restrictive Provision means any prohibition, limitation or other requirements that could reasonably be expected to have a Surviving Corporation Material Adverse Effect.

Restrictive Provision means any of the financial covenants contained in Section 6.2.4 or the negative covenants contained in Section 6.2.8 of the Credit Agreement, in each case as the same may be amended from time to time; provided, however, that to the extent noncompliance with any such covenant as a result of the purchase by the Company of Warrant Securities is waived in accordance with Section 9.1 of the Credit Agreement, such covenant shall not constitute a Restrictive Provision.

Examples of Restrictive Provision in a sentence

The term "Restrictive Provision" shall mean any prohibition, limitation or other requirements that could reasonably be expected to have a Surviving Corporation Material Adverse Effect.
Upon the expiration or termination of the Suspension Period, each of the Restrictive Provisions shall be calculated and tested and the Parent Borrower and each Subsidiary shall be required to comply with each Restrictive Provision.
If Seller or any of its Subsidiaries is required to enforce a Restrictive Provision in accordance with the foregoing clause (B), the parties shall work in good faith to establish reasonable processes governing the obligations of Seller and the cooperation between the parties with respect thereto.
To the Knowledge of Xiaodu, Xiaodu has provided Rajax with all of the Contracts to which any Xiaodu Group Company is a party containing any Restrictive Provision.
Consultant and its Representatives further agree that the duration of any Restrictive Provision shall be extended by the same amount of time that Consultant and/or its Representatives is/are in breach of any Restrictive Provision.
Upon the expiration or termination of the Suspension Period, each of the Restrictive Provisions shall be calculated and tested and the Borrower and each Subsidiary shall be required to comply with each Restrictive Provision.
Any such release shall not have any forfeiture provision, claw back, penalty, restriction or limitation (a “Restrictive Provision”) that is based on criteria that is any more limiting than the provisions contained in this Letter Agreement and the Company shall not require you to agree to any such Restrictive Provision as a condition of receiving any payment, benefit or grant.
Notwithstanding the foregoing, if at any time on or before December 31, 2003 (i) Holdings and/or the Company has entered into a financing arrangement (the "REFINANCING AGREEMENT") to refinance the Credit Agreement, and (ii) the Credit Agreement shall have been terminated and all obligations thereunder have been satisfied, then any More Restrictive Provision incorporated herein by reference to the Credit Agreement shall be deemed deleted.
If the Loan Parties do not satisfy all of the Conditions by the Deadline, the consent set forth in this paragraph will automatically be deemed null and void, and any Contemplated Action taken in contravention of any Restrictive Provision will be deemed to be an Event of Default under the Credit Agreement.
This paragraph 2C shall not apply to any More Restrictive Provision which exists for the benefit of the holder(s) of Indebtedness of Holdings, the Company or any Subsidiary of Holdings in an aggregate amount of $5,000,000 or less.

More Definitions of Restrictive Provision

Restrictive Provision means any of the following provisions contained in a Contract: (a) “change of control” provision in favor of the other party or parties thereto that would (i) prohibit the Transactions or give such party or parties a right to terminate such agreement as a result of the Transactions or (ii) result in a loss of benefits or rights or require a payment to, or give rise to any rights of, such other party, as a result of the Transactions, (b) any provision that would limit or otherwise restrict (i) the payment of dividends or distributions in respect of the capital stock or equity interests of the Company or any of its Subsidiaries, (ii) the granting of Liens on any property or asset of the Company or its Subsidiaries or (iii) the issuance of guarantees or the incurrence of other Indebtedness by the Company or any of its Subsidiaries, or (c) any provision that would give rise to an event of default or termination if the other party or parties thereto or an Affiliate thereof ceases to be a provider of debt financing to the Company or any of its Subsidiaries.

Restrictive Provision means any provisions in the Contracts to which a Xiaodu Group Company is a party that restricts the ability of any Xiaodu Group Company or any other Person to conduct or engage in any business or activity with Rajax or Alibaba or any of their respective Affiliates.

Restrictive Provision means a provision of an agreement or of applicable law that purports to

Restrictive Provision means a provision of an agreement or of applicable law that purports to prohibit Debtor’s assignment of, grant of a security interest in, or license of its rights under, an IP License or Domain Name Contract, require any other Person’s consent to such assignment, grant, or license, or make such assignment, grant, or license constitute or result in a violation of law or a breach, default, or termination of an IP License or Domain Name Contract. State means a state or territory of the United States, or the District of Columbia. A Transfer of Collateral is Debtor’s voluntary disposition (or agreement to dispose) of its rights therein, in whole or in part, by sale, lease, license, assignment, operation of law, or other method, other than the creation or enforcement of a Lien on, or any actual or deemed abandonment of, Debtor’s rights in any Collateral. To Transfer any Collateral means to effect or implement a Transfer.82