Distribution of Gross Export Revenues. In the case of the Borrower, cause JSC International to distribute the gross export revenues received by JSC International from the Borrower (a) to the Borrower in an amount equal to the portion of gross export revenues that is not tax-exempt under Section 922 et seq. of the Code as a repayment of the Borrower's advance to JSC International to the extent thereof, and as a dividend to the extent that such non-tax-exempt gross export revenues exceed the Borrower's advance to JSC International, and (b) to the Borrower, as a dividend, in an amount equal to the portion of gross export revenues that is tax-exempt under the Code, in each case on the same Business Day that such gross export revenues are received by JSC International, and in no event later than the next Business Day.
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Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Jefferson Smurfit Corp /De/)
Distribution of Gross Export Revenues. In the case of -------------------------------------- the Borrower, cause JSC International to distribute the gross export revenues received by JSC International from the Borrower (a) to the Borrower in an amount equal to the portion of gross export revenues that is not tax-exempt under Section 922 et seq. of the Code as a repayment of the Borrower's advance to JSC International to the extent thereof, and as a dividend to the extent that such non-tax-exempt gross export revenues exceed the Borrower's advance to JSC International, and (b) to the Borrower, as a dividend, in an amount equal to the portion of gross export revenues that is tax-exempt under the Code, in each case on the same Business Day that such gross export revenues are received by JSC International, and in no event later than the next Business Day.
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