DISTRIBUTIONS; MANAGEMENT FEE Clause Samples

DISTRIBUTIONS; MANAGEMENT FEE. Other than in a writing made expressly subject to the Administrative Agent's written consent under this Agreement, Instron Corporation shall not make or commit itself to make, nor permit any of its Subsidiaries to make or commit to make, any Distribution (other than stock dividends) to its shareholders or members at any time or pay or commit itself to pay any management fee to any Affiliate of such Borrower or its Subsidiaries at any time; except, that: (x) each Subsidiary of Instron Corporation may make or commit itself to make Distributions to its shareholders or members at any time, (y) the Borrowers may pay management fees and board of directors fees in an aggregate amount not to exceed $600,000 during any Fiscal Year to the extent paid pursuant to and in accordance with the Management Agreement and (z) any repurchase of capital stock of Instron Corporation from management in an amount not to exceed during any Fiscal Year (when aggregated with Indebtedness