Common use of Redemptions and Distributions Clause in Contracts

Redemptions and Distributions. Except for the purchase or redemption of capital stock of officers of Borrower who terminate their employment with Borrower or whose employment is terminated by Borrower and repurchases by Borrower of capital stock of Borrower pursuant to the Restriction Agreement, up to the aggregate sum of $50,000 in any Fiscal Year, purchase, redeem, retire or otherwise acquire any shares of its capital stock or declare or pay, directly or indirectly, any cash or other property, dividends or distributions to its shareholders.