Common use of Borrower Distributions Clause in Contracts

Borrower Distributions. The aggregate of all Borrower Distributions for any Fiscal Year of Borrower shall not exceed the sum of Net Income of Borrower for such Fiscal Year plus federal and state income taxes deducted in determining such Net Income for two consecutive Fiscal Years of Borrower.

Borrower Distributions. The aggregate of all Borrower Distributions for any Fiscal Year of Borrower shall not not, for two consecutive Fiscal Years of Borrower, exceed the sum of Net Income of Borrower for such Fiscal Year plus federal and state income taxes deducted in determining such Net Income for two consecutive Fiscal Years of BorrowerIncome.