Permitted Dividends

Permitted Dividends. At any time subsequent to the second anniversary of the Closing Date, in such amounts as Parent shall determine, so long as (1) except with respect to the one-time dividend payment of $35,000,000 made by Parent on or about September 27, 2017, for the thirty (30) days immediately preceding the date of any such Restricted Payment and after giving effect thereto, Borrowers have Excess Availability of not less than $25,000,000, and (2) no Default or Event of Default shall have occurred or be... continuing on the date of any such Restricted Payment and after giving effect thereto. View More