In the sentences extracted from financial agreements in U.S. SEC filings, identify the named entities that represent a person ('PER'), an organization ('ORG'), or a location ('LOC'). The required answer format is: 'entity name, entity type'.
Text: ( a ) Directly or indirectly make any Investment other than Permitted Investments , or permit any of its Subsidiaries to do so ; or ( b ) pay any dividends or make any distribution or payment or redeem , retire or purchase any capital stock , provided that ( i ) Borrower may convert any of its convertible securities into other securities pursuant to the terms of such convertible securities or otherwise in exchange thereof and make payments in cash for any fractional share upon such conversion or in connection with the exercise or conversion of warrants or other securities in an amount not to exceed $ 25 , 000 in the aggregate , ( ii ) Borrower may pay dividends solely in common stock ; and ( iii ) Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long as an Event of Default does not exist at the time of such repurchase and would not exist after giving effect to such repurchase , provided such repurchase does not exceed in the aggregate of $ 100 , 000 per fiscal year .
Answer:
Borrower, PER
Borrower, PER
Borrower, PER