Permitted Distributions

Example Definitions of "Permitted Distributions"
Permitted Distributions. (a) dividends by Subsidiaries of the Company to the Company or other Subsidiaries of the Company, and (b) current quarterly dividends required to be paid by the Company with respect to the Company's Series B Cumulative Convertible Preferred Stock pursuant to the organizational documents of the Company as in effect as of the Issuance Date on the Company. For the avoidance of doubt, to the extent that payment thereof is in the form of Common Stock, payment of previously accrued and unpaid... dividends with respect to the Company's Series B Cumulative Convertible Preferred Stock outstanding as of the Issuance Date shall be deemed to be "Permitted Distributions". View More Arrow
Found in Pacific Ethanol, Inc. contract
Permitted Distributions. The distribution, payment or transfer of funds or other assets or interests by the Company or any Subsidiary (a) dividends by Subsidiaries of the Company to the Company or other Subsidiaries of the Company, and (b) current quarterly dividends required to be paid by the Company with respect to the Company's Series B Cumulative Convertible Preferred Stock pursuant to the organizational documents of the Company as in effect as of the Issuance Date on the Company. For the avoidance of doubt, Company and (c) to the extent that payment thereof is in the form of Common Stock, could not reasonably be expected to have a Material Adverse Change, payment of previously accrued and unpaid dividends with respect to the Company's Series B Cumulative Convertible Preferred Stock outstanding as of the Issuance Date shall be deemed to be "Permitted Distributions". View More Arrow
Found in Pacific Ethanol, Inc. contract
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Permitted Distributions. The meaning set forth in the Schedule.
Found in Corning Natural Gas Holding Corp contract
Permitted Distributions. The Has the meaning set forth in the Schedule.
Found in RAND CAPITAL CORP contract
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Permitted Distributions. Means the distributions set forth in Section 5.24 and distributions to Borrower's stockholders or members which do not directly or indirectly cause or create an Event of Default under the financial covenants set forth in Schedule 5.21.
Found in IMMUCELL CORP contract
Permitted Distributions. As defined in Paragraph 4(a) herein.
Found in MACK CALI REALTY L P contract
Permitted Distributions. Cash distributions not to exceed in the aggregate 100% of the net income of the Company from the date hereof to the date of such distribution
Found in White River Capital Inc contract
Permitted Distributions. Means: (a) purchases of capital stock from former employees, consultants and directors pursuant to repurchase agreements or other similar agreements; (b) distributions or dividends consisting solely of Borrower's capital stock; (c) purchases for value of any rights distributed in connection with any stockholder rights plan; (d) purchases of capital stock or options to acquire such capital stock with the proceeds received from a substantially concurrent issuance of capital stock or... convertible securities; 13 (e) purchases of capital stock in connection with the exercise of stock options or stock appreciation rights by way of cashless exercise or in connection with the satisfaction of withholding tax obligations; (f) purchases of fractional shares of capital stock arising out of stock dividends, splits or combinations or business combinations; and (g) the settlement or performance of such Person's obligations under any equity derivative transaction, option contract or similar transaction or combination of transactions. View More Arrow
Found in PortalPlayer, Inc. contract
Permitted Distributions. Means: (i) the distribution of non-cash rights in connection with any stockholders' rights plan. (ii) the conversion by Borrower of any of its convertible securities into other securities pursuant to the term so such convertible securities or otherwise in exchange therefore, and payments in cash for any fractional shares of such convertible securities; and (iii) any payments made on Indebtedness permitted under clause (vii) of the definition of Permitted Indebtedness.
Found in Sonics, Inc. contract
Permitted Distributions. Means such distributions from Borrower to EPC of funds Borrower receives in strict accordance with Section 5.1 of the Security Deposit Agreement.
Found in ENVIRONMENTAL POWER CORP contract
Permitted Distributions. Means distributions to Borrower's shareholders in an amount equal to the amount of tax required to be paid by such shareholder as a result of the Borrower's taxable income passing through and being taxable to such shareholder.
Found in Majestic Capital, Ltd. contract
Permitted Distributions. Dividends by Subsidiaries of the Company to the Company or other Subsidiaries of the Company.
Found in CorMedix Inc. contract
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