Permitted Debt Service Redemption

Permitted Debt Service Redemption. Any redemption, repurchase, or acquisition of the stock of Borrower then owned by Guarantor where the funds generated by such Permitted Debt Service Redemption are immediately used to repay the Guarantor Debt. Notwithstanding anything set forth in this Agreement to the contrary, no Permitted Debt Service Redemption shall be permitted if at the time of any such Permitted Debt Service Redemption or after giving effect thereto, an event of default would occur.