Examples of Restricted Payments in a sentence
Section 7.03 Indebtedness 198191 Section 7.04 Fundamental Changes 203196 Section 7.05 Dispositions 204197 Section 7.06 Restricted Payments 208201 Section 7.07 [Reserved] 213206 Section 7.08 Transactions with Affiliates 213206 Section 7.09 Burdensome Agreements 216209 Section 7.10 Financial Covenant 218211 Section 7.11 [Reserved].
If a Restricted Subsidiary of the Company is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary properly designated will either be deemed to be an Investment made as of the time of the designation that will reduce the amount available for Restricted Payments under Section 4.07(a) or represent Permitted Investments, as determined by the Company.
Borrowers shall not declare or make, or agree to pay or make any Restricted Payments, or incur any obligation to do so, unless (x) no Default, Event of Default, Mandatory Prepayment Event, Collateral Call Trigger Event or Adjustment Determination Period shall have occurred and be continuing or would result therefrom and (y) the cash, securities or property so paid or distributed does not constitute, and is not required under the Margin Loan Documentation to be posted as, Collateral.