Document ID: 11406

Text:
(c) Turning Point shall be permitted to make a single dividend or distribution to its shareholders or to make a redemption or purchase of shares (any such dividend, distribution, redemption or purchase, a Restricted Quarterly Distribution) in each fiscal quarter of Turning Point, so long as (i) both immediately before and after giving effect thereto, no Default or Event of Default has occurred and is continuing on the date of such Restricted Quarterly Distribution, and (ii) the Borrowers shall have Unused Revolving Credit Commitments of at least $10,000,000 after giving effect to such Restricted Quarterly Distribution; provided that the aggregate amount of Restricted Quarterly Distributions during any Fiscal Year shall not exceed the sum of the aggregate amount of mandatory and voluntary principal payments made on the Priority Term Loans during such Fiscal Year pursuant to Sections 2.7 and 2.8 and that were made prior to the date of the proposed Restricted Quarterly Distribution; provided, further, that, Turning Point shall be permitted to make a Restricted Quarterly Distribution during any Fiscal Year after May 15 of such Fiscal Year, without any limit as to the amount of such dividend or distribution, if (A) prior to such Restricted Quarterly Distribution, the Borrowers have made the Excess Cash Flow payment required to be made, if any, pursuant to Section 2.8(b)(iii) with respect to the immediately preceding Fiscal Year, (B) the Consolidated Total Leverage Ratio is less than 2.50 to 1.00 as of the end of the two consecutive fiscal quarters of the Borrowers immediately preceding the date of such Restricted Quarterly Distribution, and the Borrowers have delivered to the Administrative Agent the compliance certificates required by Section 6.2(a) hereof with detailed calculations evidencing such Consolidated Total Leverage Ratio on such dates, and (C) the Borrowers have delivered a compliance certificate in the form of Exhibit E attached hereto evidencing that, after giving effect to such Restricted Quarterly Distribution (including any Borrowing advanced on such date to make such Restricted Quarterly Distribution), Turning Points pro forma Consolidated Total Leverage Ratio is less than 2.50 to 1.00; and

Named Entities:
101
106
Principal
156
163
Regulation
251
257
Regulation
281
287
Ratio
325
328
Regulation

Tokenized Text:
(
c
)
Turning
Point
shall
be
permitted
to
make
a
single
dividend
or
distribution
to
its
shareholders
or
to
make
a
redemption
or
purchase
of
shares
(
any
such
dividend
,
distribution
,
redemption
or
purchase
,
a
Restricted
Quarterly
Distribution
)
in
each
fiscal
quarter
of
Turning
Point
,
so
long
as
(
i
)
both
immediately
before
and
after
giving
effect
thereto
,
no
Default
or
Event
of
Default
has
occurred
and
is
continuing
on
the
date
of
such
Restricted
Quarterly
Distribution
,
and
(
ii
)
the
Borrowers
shall
have
Unused
Revolving
Credit
Commitments
of
at
least
$
10
,
000
,
000
after
giving
effect
to
such
Restricted
Quarterly
Distribution
;
provided
that
the
aggregate
amount
of
Restricted
Quarterly
Distributions
during
any
Fiscal
Year
shall
not
exceed
the
sum
of
the
aggregate
amount
of
mandatory
and
voluntary
principal
payments
made
on
the
Priority
Term
Loans
during
such
Fiscal
Year
pursuant
to
Sections
2
.
7
and
2
.
8
and
that
were
made
prior
to
the
date
of
the
proposed
Restricted
Quarterly
Distribution
;
provided
,
further
,
that
,
Turning
Point
shall
be
permitted
to
make
a
Restricted
Quarterly
Distribution
during
any
Fiscal
Year
after
May
15
of
such
Fiscal
Year
,
without
any
limit
as
to
the
amount
of
such
dividend
or
distribution
,
if
(
A
)
prior
to
such
Restricted
Quarterly
Distribution
,
the
Borrowers
have
made
the
Excess
Cash
Flow
payment
required
to
be
made
,
if
any
,
pursuant
to
Section
2
.
8
(
b
)
(
iii
)
with
respect
to
the
immediately
preceding
Fiscal
Year
,
(
B
)
the
Consolidated
Total
Leverage
Ratio
is
less
than
2
.
50
to
1
.
00
as
of
the
end
of
the
two
consecutive
fiscal
quarters
of
the
Borrowers
immediately
preceding
the
date
of
such
Restricted
Quarterly
Distribution
,
and
the
Borrowers
have
delivered
to
the
Administrative
Agent
the
compliance
certificates
required
by
Section
6
.
2
(
a
)
hereof
with
detailed
calculations
evidencing
such
Consolidated
Total
Leverage
Ratio
on
such
dates
,
and
(
C
)
the
Borrowers
have
delivered
a
compliance
certificate
in
the
form
of
Exhibit
E
attached
hereto
evidencing
that
,
after
giving
effect
to
such
Restricted
Quarterly
Distribution
(
including
any
Borrowing
advanced
on
such
date
to
make
such
Restricted
Quarterly
Distribution
)
,
Turning
Points
pro
forma
Consolidated
Total
Leverage
Ratio
is
less
than
2
.
50
to
1
.
00
;
and