Redemptions; Distributions. (a) At any time a Default or Event of Default has occurred and is continuing or would result therefrom, purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any shares of any class of stock of any Borrower or any Subsidiary now or hereafter outstanding or set apart any sum for any such purpose; or
Redemptions; Distributions. Upon the occurrence and during the continuance of a Default or Event of Default, or if a Default or Event of Default would be caused thereby:
Redemptions; Distributions. (a) Purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any shares of any class of stock of the Borrower now or hereafter outstanding or set apart any sum for any such purposes; or,
Redemptions; Distributions. (i) Purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any subordinated debt or any shares of any class of stock of Borrower.
Redemptions; Distributions. (a) Except for redemptions by the Company of Class B1 Common Stock from the holders thereof who no longer have loans from the Company outstanding, purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any shares of any class of stock of the Company now or hereafter outstanding or set apart any sum for any such purpose; or
Redemptions; Distributions. (a) Except for redemptions by the Borrower of Class B1 Common Stock from the holders thereof who no longer have loans from the Borrower outstanding, purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any shares of any class of stock of the Borrower now or hereafter outstanding or set apart any sum for any such purpose; or,
Redemptions; Distributions. No Borrower shall:
Redemptions; Distributions. (a) Except in connection with existing stock option plans of the Parent, purchase, redeem, retire or otherwise acquire, directly or indirectly, or make any sinking fund payments with respect to, any shares of any class of stock of the Borrower, the Parent or any Subsidiary now or hereafter outstanding or set apart any sum for any such purpose; or
Redemptions; Distributions. The Borrower shall not purchase or acquire units or shares of its outstanding membership interests without the prior written consent of Lender. Further, the Borrower may not make or pay without the prior written consent of Lender distributions or dividends to its members or shareholders if (i) an Event of Default has occurred and is continuing, or (ii) the Borrower is not in compliance with the financial covenants contained in Sections 4.08 and 4.09 of this Agreement, both before and after giving effect to the payment of such distribution or dividend.
Redemptions; Distributions. If Borrower's ratio of Debt to Net Worth in the previous fiscal year is: Allowable Tax Distributions and Net Income distributions in the current fiscal year in the aggregate of up to: Greater than or equal to 1.00 : 1.00 50% of the previous year's Net Income Less than 1.00 : 1.00 but greater than 0.75 : 1.00 60% of the previous year's Net Income Less than 0.75 : 1.00 70% of the previous year's Net Income
