Restricted Payment Basket
means, at any time, an amount equal to 50% of the cumulative amount of Excess Cash Flow of WIL-Ireland and its Restricted Subsidiaries for each Fiscal Quarter ending on or after the Effective Date and prior to such time (taken as one accounting period), commencing with the Fiscal Quarter ending June 30, 2016.
Restricted Payment Basket
has the meaning specified in Section 1011.
Examples of Restricted Payment Basket in a sentence
Furthermore, to the extent that any Restricted Payment is made other than during the Additional Negative Covenant Period, such Restricted Payment shall continue to be permitted hereunder and shall not count against the Annual Permitted Restricted Payment Basket during the Additional Negative Covenant Period.
Restricted Payments in any fiscal year of Harley shall be deemed to use first, the Annual Permitted Restricted Payment Basket for such fiscal year and, second, any amount carried forward to such fiscal year pursuant to this sentence.
For any fiscal year of Harley, the Annual Permitted Restricted Payment Basket shall be increased by the unused amount of the Annual Permitted Restricted Payment Basket during the immediately preceding fiscal year of Harley, without giving effect to any carryover amount.
As of September 30, 1996, the Restricted Payment Basket Amount was not greater than $135,000,000 and, as of December 31, 1996, the Equity Proceeds Amount was not greater than $54,000,000.
Ensures the maintenance of permanent records in accordance with federal, state and local regulations.
We also have Ms. Julia Brown, Divisional Manager, Development, Scientific Research Council, Jamaica and last but not least Mr. Joseph Williams, Consultant, Renewable Energy Unit, Caribbean Development Bank, Barbados.
At December 31, 1996, the remaining amount available through December 31, 1997 in the Restricted Payment Basket related to BGLS' payment of dividends to the Company (as defined by BGLS' Series B Notes Indenture) is $9,225.
The electronic monitoring of compliance with prohibitions or requirements of a SHPO or SRO where appropriate engages Article 8(1).
As of 31 December 1996, the Restricted Payment Basket Amount was not greater than $140,000,000.
Negro youths are not apt to be called “nigg*rs” or any other mispronounced enunciation of Negro by whites as their 4 R.W. -5 [Illegible] LeMoyne Incident a few weeks ago.
More Definitions of Restricted Payment Basket
Restricted Payment Basket
means, on any date of determination, an amount equal to (a) $10,000,000 minus (b) the sum of all distributions made pursuant to Section 6.08(f) hereof prior to such date.
Restricted Payment Basket
means, for any fiscal year, the sum of (a) the Base Restricted Payment Basket for such fiscal year plus (b) the Carryover Amount for such fiscal year.
Restricted Payment Basket
has the meaning specified in Section 6.09.
Restricted Payment Basket
means (i) $6,000,000 or (ii) $12,000,000 from and after the time that less than 50% of the original aggregate principal amount of the Securities issued pursuant to this Indenture shall remain outstanding; provided that if the Company does not make Restricted Payments in an amount equal to the Restricted Payment Basket in any Indenture Year, the difference shall carry over to a succeeding Indenture Year or Indenture Years and shall constitute an accretion to the amount otherwise payable in such succeeding Indenture Year or Indenture Years.
Restricted Payment Basket
means the sum of: (A) 50% of the cumulative Consolidated Net Income (or if a loss, minus 100% of such loss) of the Company earned during the period beginning July 1, 2007 and on or before the date the Restricted Payment occurs (excluding any partial fiscal quarter or quarters); plus (B) 100% of the aggregate net cash proceeds received by the Company from any Person other than a Subsidiary of the Company from the issuance and sale after the Issue Date, and on or before the date the Restricted Payment occurs, of capital stock of the Company (other than Disqualified Capital Stock); and (C) 100% of the outstanding amount of Indebtedness converted into or exchanged for capital stock of the Company (other than Disqualified Capital Stock) after the Issue Date, and on or before the date the Restricted Payment occurs.
