Old 03-26-2020, 01:43 PM
  #14  
DrJekyll MrHyde
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Joined APC: Aug 2016
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{Restrictions on Loans}

(ii) RESTRICTIONS.—The Secretary
may make a loan, loan guarantee, or other
investment under subsection (b)(4) as part
of a program or facility that provides direct loans only if the applicable eligible
businesses agree—
(I) until the date 12 months
after the date on which the direct loan
is no longer outstanding, not to repur-
chase an equity security that is listed
on a national securities exchange of
the eligible business or any parent
company of the eligible business while
the direct loan is outstanding, except
to the extent required under a contractual obligation that is in effect as of the date of enactment of this Act;
(II) until the date 12 months after the date on which the direct loan is no longer outstanding, not to pay dividends or make other capital distributions with respect to the common
stock of the eligible business; and
(III) to comply with the limitations on compensation set forth in section 4004.

{Done}
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