Exempt Permitted Integration Transfers

Exempt Permitted Integration Transfers. The definition of the term Exempt Permitted Integration Transfers in Section 1.01 shall be amended and restated in its entirety to read as follows: Exempt Permitted Integration Transfers means, (A) with respect to any Permitted Integration Property, (i) the Disposition (whether by direct transfer, merger or assignment or otherwise) of such Permitted Integration Property from a Loan Party to an Excluded Subsidiary or (ii) that such Permitted Integration Property becomes owned by an Excluded... Subsidiary (as a result of the Loan Party that owns such Property becoming an Excluded Subsidiary pursuant to a transaction permitted under this Agreement), in each case, within twenty-four (24) months after the Amendment No. 2 Effective Date and (B) Investments up to $95,000,000 at any time outstanding made by a Loan Party to a Subsidiary that is not a Loan Party (net of any payments made by Foreign Subsidiaries to any Loan Party after the Amendment No. 2 Effective Date) for the purpose of enhancing domestic liquidity (whether in one transaction or in a series of transactions). View More