Common use of Distributions and Redemptions Clause in Contracts

Distributions and Redemptions. If an Event of Default has occurred and is continuing or would result therefrom, the Borrower will not purchase, redeem or otherwise acquire for value any of its equity interests now or hereafter outstanding, return any capital or make any distribution of its assets to its equity owners.

Distributions and Redemptions. If an Event of Default has occurred and is continuing or would result therefrom, the Borrower will not purchase, redeem or otherwise acquire for value any of its partnership or other equity interests now or hereafter outstanding, return any capital or make any dividend or distribution of its assets to holders of its partnership or other equity ownersinterests.