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This excerpt taken from the CVS 8-K filed Mar 23, 2007. Restricted
Payments
Make any Restricted
Payment or permit any of
the Subsidiaries so to do, except any one or more of the following Restricted
Payments: (a) any direct or indirect Subsidiary may make dividends or other
distributions to the Borrower or to any other direct or indirect Subsidiary,
and
(b) the Borrower may make Restricted Payments, provided
that, in the case of this clause (b),
immediately before and after giving effect thereto, no Event of Default shall
or
would exist. Nothing in this Section 8.6 shall prohibit or restrict the
declaration or payment of dividends in respect of the Series One ESOP
Convertible Preferred Stock of the Borrower.
8.7 |
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