Permitted Payments to Parent definition

Permitted Payments to Parent means, without duplication as to amounts:

Permitted Payments to Parent means, payments (directly or in the form of dividends, loans or otherwise) to, a direct or indirect parent entity of the Issuer in amounts required for such Person to pay:

Permitted Payments to Parent means the declaration and payment of dividends by the Company to, or the making of loans to, any direct or indirect parent of the Company in amounts required for any direct or indirect parent of the Company (and, in the case of clause (3) below, its direct or indirect members), to pay, in each case without duplication:

Examples of Permitted Payments to Parent in a sentence

• In addition, the Company and the Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, make any Management Fee Payment or similar payment to Affiliates (other than Subsidiaries) other than Permitted Payments to Parent if, after giving effect to such Management Fee Payments or similar payments, on a PRO FORMA basis after giving effect to such payment, a Default or an Event of Default shall have occurred and be continuing.

• Restricted Payments that are permitted by the provisions of the indenture described above under the caption “— Restricted Payments,” including Permitted Payments to Parent Companies.

• The Company hereby covenants and agrees to use all amounts received from JII Holdings pursuant to clause (3) of the definition of "Permitted Payments to Parent" of the New Indenture to pay interest when due on the aggregate principal amount of Senior Subordinated Notes held by Persons other than the undersigned.

• Restricted Payments that are permitted pursuant to Section 4.07 hereof, including Permitted Payments to Parent Companies.

More Definitions of Permitted Payments to Parent

Permitted Payments to Parent means, without duplication as to amounts: (A) payments to Parent to pay reasonable accounting, legal and administrative expenses of Parent when due, in an aggregate amount not to exceed $500,000 per annum; and

Permitted Payments to Parent means:

Permitted Payments to Parent means, without duplication as to amounts, dividends, distributions or the making of loans to any Parent (including the MLP):

Permitted Payments to Parent means any Restricted Payment, if applicable:

Permitted Payments to Parent means (i) for so long as the Company is a member of a group filing a consolidated or combined tax return with Parent, payments to Parent in respect of an allocable portion of the tax liabilities of such group that is attributable to the Company and its Subsidiaries (“Tax Payments”) and (ii) any general administrative expenses incurred by Parent (including, without limitation, administrative expenses incurred in connection with the operation of Parent, the filing of required documents pursuant to the Exchange Act and the offering of the Notes). The Tax Payments shall not exceed the lesser of (x) the amount of the relevant tax (including any penalties and interest) that the Company would owe if the Company were filing a separate tax return (or a separate consolidated or combined return with its Subsidiaries that are members of the consolidated or combined group), taking into account any carryovers and carrybacks of tax attributes (such as net operating losses) of the Company and such Subsidiaries from other taxable years and (y) the net amount of the relevant tax that Parent actually owes to the appropriate taxing authority. Any Tax Payments received from the Company shall be paid over to the appropriate taxing authority within 30 days of Parent’s receipt of such Tax Payments or refunded to the Company.

Permitted Payments to Parent without duplication as to amounts:

Permitted Payments to Parent means the distribution by the Company to Parent or any other direct or indirect parent of the Company from time to time of amounts necessary to fund the payment by or reimbursement of Parent or such other entity of (i) its general corporate operating and overhead costs and expenses in the ordinary course of business and (ii) expenses related to the registration and offering of securities (in either case, including any such fees, costs or expenses of independent auditors, reserve engineers and legal counsel to Parent or such other entity, fees and expenses (including franchise or similar taxes) required to maintain its corporate existence and customary salary, bonus and other benefits payable to its directors, officers and employees), to the extent such costs and expenses are reasonably attributable or related to the ownership of the Issuers and the Company’s Restricted Subsidiaries.