Specified Restricted Payment definition

Specified Restricted Payment means any Restricted Payment pursuant to Section 8.06(e).

Specified Restricted Payment means any Restricted Payment pursuant to Section 7.07(a)(vi).

Specified Restricted Payment means any Restricted Payment permitted to be made under this Agreement so long as immediately prior to and immediately after giving effect (including giving effect on a Pro Forma Basis) to such Restricted Payment the aggregate amount of unrestricted and unencumbered cash and Cash Equivalents of Holdings and its Subsidiaries is at least $25,000,000.

Examples of Specified Restricted Payment in a sentence

• It is hereby agreed to and understood by the parties that this consent is a one-time consent related to the making of the 2013 Specified Restricted Payment made with $25,000,000 consisting of cash on hand only and is not an amendment to the Credit Agreement with respect to any other restrictions on Restricted Payments on any other occasion, nor is it a waiver of any Default or Event of Default now existing or hereafter arising under the Credit Agreement.

• Subject to the terms and conditions of this letter agreement (this “ Letter Agreement”), the Administrative Agent and the Lenders hereby consent to the making of the 2013 Specified Restricted Payment; provided that such consent shall be rescinded and of no further force and effect if the 2013 Specified Restricted Payment have not occurred on or before September 3, 2013.

• The Loan Parties represent and warrant that (i) the actual amount of the 2013 Specified Restricted Payment made prior to the date hereof does not exceed $3,000,000 in the aggregate, and (ii) such portion of the 2013 Specified Restricted Payment was made in accordance with the terms and conditions of the Consent Agreement.

• Absent the consent of the Required Lenders, the making of the 2013 Specified Restricted Payment would constitute an Event of Default under Section 7.01(d) as a result of a violation of Section 6.06(a) of the Credit Agreement.

• Subject to the terms and conditions of this letter agreement (this “Letter Agreement”), the Administrative Agent and the Lenders hereby consent to the making of the 2014 Specified Restricted Payment.

More Definitions of Specified Restricted Payment

Specified Restricted Payment means any Restricted Payment pursuant to Section 6.08(a)(viii) or 6.08(a)(xii).

Specified Restricted Payment means a Restricted Payment referred to in clauses (1), (2), and (4) of Section 4.05(a).

Specified Restricted Payment means the repurchase of the Borrower’s Equity Interests made on October 6, 2020.

Specified Restricted Payment means any Restricted Payment with respect to which the Payments Conditions apply.

Specified Restricted Payment means that certain purchase by the Parent of Equity Interests issued by the Parent in the amount of $22,204,000, that occurred on November 16, 2022.

Specified Restricted Payment means any Restricted Payment permitted to be made under this Agreement so long as immediately prior to and immediately after giving effect (including giving effect on a Pro Forma Basis) to such Restricted Payment the sum of (a) aggregate amount of unrestricted and unencumbered cash and Cash Equivalents of Holdings and its Subsidiaries and (b) the Available Revolving Commitment is at least $25,000,000.

Specified Restricted Payment means any dividend with respect to any Capital Stock of the Company.