June 2017 Special Distribution

Example Definitions of "June 2017 Special Distribution"
June 2017 Special Distribution. Section 7.06 of the Credit Agreement is hereby amended to delete the word "and" from the end of clause (d), replace the period (.) at the end of clause (e) with a semicolon (;) and insert the following new clause (f): "(f) the Borrowers may make the June 2017 Special Distribution to their respective members, which Capital Distributions may then be further distributed to the Parent, in each case, on or before June 30, 2017, provided that, after giving pro forma effect to each such Capital... Distribution, on the date any such Capital Distribution is declared and on the date it is made, (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom, and (ii) the aggregate amount of unrestricted cash and Cash Equivalents of the Borrowers and their Subsidiaries, together with Revolving Availability, shall be greater than or equal to $10,000,000. View More
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