Permitted Distributions

Permitted Distributions. The distribution, payment or transfer of funds or other assets or interests by the Company or any Subsidiary (a) dividends by Subsidiaries of the Company to the Company or other Subsidiaries of the Company, and (b) current quarterly dividends required to be paid by the Company with respect to the Company's Series B Cumulative Convertible Preferred Stock pursuant to the organizational documents of the Company as in effect as of the Issuance Date on the Company. For the avoidance of doubt, Company and (c) to the extent that payment thereof is in the form of Common Stock, could not reasonably be expected to have a Material Adverse Change, payment of previously accrued and unpaid dividends with respect to the Company's Series B Cumulative Convertible Preferred Stock outstanding as of the Issuance Date shall be deemed to be "Permitted Distributions". View More

Permitted Distributions. The Has the meaning set forth in the Schedule.