Distributions; Restricted Payments. Borrower shall not (i) purchase or redeem any shares of its stock or partnership interests or declare or pay any dividends or distributions, whether in cash or otherwise, set aside any funds for any such purpose or make any distribution to its shareholders, make any distribution of its property or assets or make any loans, advances or extensions of credit to, or investments in, any Affiliates, including, without limitation, Borrower’s affiliates, officers, partners or employees without the prior written consent of Lender, (ii) make any payments of any Funded Indebtedness other than as permitted hereunder, or (iii) increase the annual salary paid to any officers of Borrower.
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Samples: Senior Secured Revolving Credit Facility Agreement (Redfin Network, Inc.), Senior Secured Revolving Credit Facility Agreement (ePunk, Inc.), Senior Secured Revolving Credit Facility Agreement (Medytox Solutions, Inc.)
Distributions; Restricted Payments. No Borrower shall not shall: (i) purchase or redeem any shares of its stock or partnership interests or declare or pay any dividends or distributions, whether in cash or otherwise, set aside any funds for any such purpose or make any distribution to its shareholders, make any distribution of its property or assets or make any loans, advances or extensions of credit to, or investments in, any AffiliatesPersons, including, without limitation, such Borrower’s affiliatesAffiliates, officers, partners or employees without the prior written consent of Lender, ; (ii) make any payments of any Funded Indebtedness other than as permitted hereunder, ; or (iii) increase the annual salary paid to any officers of Borrowerany Borrower as of the Closing Date.
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