Permitted Distribution. any Distribution by any Obligor to Parent (i) at any time when no Event of Default exists or would result therefrom, solely to pay general administrative expenses of Parent in the Ordinary Course of Business in an aggregate amount not to exceed $30,000,000 in any Fiscal Year; and (ii) solely to pay domestic (U.S.) Taxes of any Obligor; and
Appears in 2 contracts
Sources: Loan and Security Agreement (Hypercom Corp), Loan and Security Agreement (Hypercom Corp)