Define: Restricted Payment

What does "Restricted Payment" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.

Definition 1 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Restricted Payment means any direct or indirect distribution, dividend or other payment to any Person (other than to the Company or any of its Subsidiaries) on account of any Ownership Interests of the Company or any of its Subsidiaries (other than dividends payable solely in Ownership Interests of such Person or in warrants or other rights or options to acquire such Ownership Interests).

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 2 (AMERICAN TOWER CORP /MA/, seen in 1 filing)

Restricted Payment means any direct or indirect distribution, dividend or other payment to any Person (other than to the Borrower or any of its Subsidiaries) on account of any Ownership Interests of the Borrower or any of its Subsidiaries (other than dividends payable solely in Ownership Interests of such Person or in warrants or other rights or options to acquire such Ownership Interests).

Source: AMERICAN TOWER CORP /MA/ 10-K

Definition 3 (EXPAND ENERGY Corp, seen in 1 filing)

Restricted Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower or any Subsidiary.

Source: EXPAND ENERGY Corp 8-K

Data extracted from 7 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 7
Companies: 2
Keywords:
Restricted Paymentdefinitioncontract languagelegal termSEC filing

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