Borrower Dividend

Example Definitions of "Borrower Dividend"
Borrower Dividend. (a) a dividend, capital distribution or other distribution made by Borrower to Parent, whether in cash, property, or securities of Borrower and whether by liquidating distribution or otherwise; provided that none of the following shall be a Borrower Dividend: (i) any subdivision (by a split of shares or otherwise) or any combination (by a reverse split of shares or otherwise) of any outstanding shares or (ii) any dividend or other distribution by Borrower to Parent permitted under Section... 8(a)(xi)(2) of Senior Secured Credit Agreement, as in effect on the date hereof (and regardless of whether such agreement is then in effect as of any date of determination). View More
All Definitions