Put Option Redemption

Put Option Redemption. Any redemption, repurchase, or acquisition of stock of Borrower provided that at the time of such redemption, repurchase, or acquisition, no event of default has occurred or is continuing, or after giving effect to such redemption, repurchase, or acquisition, an event of default would occur, and ls made pursuant to the exercise of a Put Option by a shareholder of Borrower. Notwithstanding anything set forth in this Agreement to the contrary, no Permitted Redemptions shall be permitted if at the... time of any such Permitted Redemption or after giving effect thereto, an event of default would occur. View More