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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » 22.14. Distributions

This excerpt taken from the LUX 20-F filed Jun 28, 2006.

22.14.                  Distributions

Whilst an Event of Default is continuing, the Borrower shall not:

(a)                                  pay, make or declare any dividend, return on capital, repayment of capital contributions or other distribution (whether in cash or in kind) or make any distribution of assets or other payment whatsoever in respect of share capital whether directly or indirectly; or

(b)                                 pay any fees to its shareholders, other than fees paid under agreements entered into with its shareholders at arm’s length and in the ordinary course of business.

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