Permitted Repurchase Amount

Permitted Repurchase Amount. Shall mean an amount equal to the sum of (a) $108,000,000, plus (b) the amount of net cash proceeds actually received by the Borrower from the issuance and/or resale by the Borrower of up to 1,000,000 shares of its common stock Equity Interests to its employees pursuant to the Borrower's employee stock purchase plan.