General Corporate Purposes definition

General Corporate Purposes. (when used herein) means, until principal and Fixed Interest on the Notes has been paid in full, general corporate purposes reasonably appropriate for an entity in the financial condition of the Company at the time and having as its primary objective the maximization of net cash flows for the timely payment of its debt obligations, and after such payment in full of the principal and Fixed Interest on the Notes means, general corporate purposes without further description; provided, however, that in no event shall General Corporate Purposes include any acquisitions of businesses that are not Permitted Acquisitions.
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General Corporate Purposes means, subject to the terms and conditions of this Agreement, making or financing any payment for or in respect of working capital, capital expenditures, acquisitions, stock repurchases, refinancing Indebtedness or any other general corporate purpose.
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General Corporate Purposes means (a) financing acquisitions permitted by Section 6.9.6 (other than the Acquisition), (b) making or incurring Capital Expenditures or (c) repurchasing and/or redeeming Series A Convertible Preferred Stock and warrants to purchase Common Stock held by the holders of such Series A Convertible Preferred Stock to the extent permitted by Section 6.10.4.
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Examples of General Corporate Purposes in a sentence

  • Any such request shall be valid only if it is in writing and specifies the account of the Company to which such funds are to be transferred and contains a certification of the Company’s Chief Executive Officer, Chief Financial Officer or Treasurer that the requested amount does not exceed the General Corporate Purposes Available Amount as of the date of such request.

  • Subject to Section 2.5.5 and the other provisions of this Agreement, the Company will apply the proceeds of the Swingline Loan for General Corporate Purposes and Working Capital Borrowings of the Company and its Subsidiaries.

  • In addition, the General Corporate Purposes Available Amount, but not the Preferred Units Exchange Available Amount, shall be subject to reduction as described in Section 2.07.

  • The Investor shall provide such funds to the Company within five (5) Business Days of its receipt of such request or such shorter period as may be agreed to by the Company and the Investor, and the aggregate liquidation preference of the Series G Preferred Stock shall increase by the General Corporate Purposes Drawdown Amount as set forth in Section 2.06(b).

  • The Liquidation Amount shall be increased each time a General Corporate Purposes Drawdown Amount is paid by the UST to the Company by an amount equal to the General Corporate Purposes Drawdown Amount so paid divided by the number of shares of Series G Preferred Stock then outstanding.

  • Subject to Section 2.5.5 and the other provisions of this Agreement, the Company on the Initial Closing Date has applied no more than $120,000,000 in the proceeds of Working Capital Loans for the purpose of consummating a portion of the Transactions, and from and after the Amendment and Restatement Date Working Capital Loans shall be used for the purposes described in the definitions of General Corporate Purposes and Working Capital Borrowings in Section 1.

  • Borrowings - General Corporate Purposes: -------------------------------------------- Amounts used for corporate purposes including uses for cash flow timing mismatches, and investments in equity and debt securities of subsidiaries including amounts needed for regulatory capital purposes.

  • Subject to Section 2.4.4 and the other provisions of this Agreement, Letters of Credit shall be issued only to support purchases of inventory in the ordinary course of business and such other obligations incurred in the ordinary course of business as the Company has requested in writing (excluding purposes described in the definition of General Corporate Purposes Borrowings).

  • The specific purpose of this loan is: General Corporate Purposes.

  • PURPOSE: Acquisitions, Development, and General Corporate Purposes.


More Definitions of General Corporate Purposes

General Corporate Purposes means, with respect to any transfer or disposition of Collateral by Guarantor or any Restricted Subsidiary, a transfer or disposition made for general corporate purposes of such Person reasonably related to (a) its ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (b) ownership of its Subsidiaries to the extent that such Subsidiaries are engaged in the ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (c) the recapitalization of Guarantor or the restructuring of the Indebtedness of Guarantor, (d) the payment of principal or interest owed by Guarantor with respect to Senior Notes or Subordinated Notes, or (e) the purchase, redemption, or retirement by Guarantor of Senior Notes or Subordinated Notes.
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General Corporate Purposes means, with respect to any transfer or disposition of Collateral by Prandium or any Restricted Subsidiary (other than FRI-MRD or any of its Subsidiaries), a transfer or disposition made for general corporate purposes of such Person reasonably related to (a) its ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (b) ownership of its Subsidiaries to the extent that such Subsidiaries are engaged in the ownership, operation, management, or conduct of restaurant businesses and other businesses reasonably related or incidental thereto, (c) the recapitalization of Prandium or the restructuring of the Indebtedness of Prandium, (d) the payment of principal or interest owed by Prandium with respect to Senior Notes or Subordinated Notes, or (e) the purchase, redemption, or retirement by Prandium of Senior Notes or Subordinated Notes.
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Related to General Corporate Purposes

  • General Corporation Law means the General Corporation Law of the State of Delaware, as amended from time to time.

  • Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C.ss.100, et. seq., as amended from time to time.

  • Corporate Services Agreement means the Corporate Services Agreement dated as of the date hereof between the Borrower and the Services Provider, as amended from time to time in accordance with the terms hereof and thereof.

  • General Council means the General Council of the University;

  • Human Resources means the District Office of Human Resources located in the District Office Building on the Foothill Campus.

  • General Counsel means the General Counsel of the Corporation.

  • Corporate Headquarters means the location that is the primary center of direction, control and coordination for the company.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Account Name means the name of the individual who lives with the child(ren) and who applies for the Children’s Health Insurance Program coverage on behalf of the child(ren).

  • Corporate Secretary means the corporate secretary of the Corporation;

  • Print Name Signature: Date:

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • VP means VP Securities Services (Værdipapircentralen A/S), the Danish central securities depository;