Common use of Specific Restrictions Clause in Contracts

Specific Restrictions. The Seller may make Restricted Payments only out of Collections paid or released to the Seller pursuant to Sections 1.4(b). Furthermore, the Seller shall not pay, make or declare (A) any Dividend if, after giving effect thereto, Seller’s Tangible Net Worth would be less than 2.5 Million Dollars ($2,500,000); or (B) any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.

Specific Restrictions. The Seller may make Restricted Payments only out of Collections paid funds in the Collection Account or released to the Seller pursuant to Sections 1.4(b)Lockbox Accounts that do not represent the Purchaser's Share of any Collections. Furthermore, the Seller shall not pay, make or declare: (A) any Dividend if, after giving effect thereto, Seller’s 's Tangible Net Worth would be less than 2.5 Million Dollars ($2,500,000); or5,000,000; (B) any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination thereto a Liquidation Event or Unmatured Termination Liquidation Event shall have occurred and be continuing.

Specific Restrictions. The Seller may make Restricted Payments only out of Collections paid or released to the Seller pursuant to Sections 1.4(b). Furthermore, the Seller shall not pay, make or declare (A) any Dividend if, after giving effect thereto, Seller’s 's Tangible Net Worth would be less than 2.5 Million Dollars five ($2,500,000)5) percent of the Outstanding Balance of the Pool Receivables; or (B) any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.