Common use of Distributions in Respect of Equity, Prepayment of Debt Clause in Contracts

Distributions in Respect of Equity, Prepayment of Debt. Borrower shall not directly or indirectly: (a) pay any dividends or make any distributions in respect of or redeem any of Borrower’s equity interests, except that Borrower may, provided that no Matured Default has occurred and is continuing or would result therefrom, make such distributions as are necessary to reflect the amount of income tax liability passed through to Borrower’s Owners; or (b) prepay any principal, interest or other payments on or in connection with any indebtedness of Borrower other than the Liabilities.

Distributions in Respect of Equity, Prepayment of Debt. No Domestic Borrower shall not directly or indirectly: (a) pay any dividends or make any distributions in respect of or redeem any of such Borrower’s 's equity interests, except that Borrower may, provided that no Matured Default has occurred and is continuing interests other than dividends or would result therefrom, make such other distributions as are necessary to reflect the amount of other Borrowers or to pay income tax liability passed through liabilities of the direct and indirect holders of such Borrower's equity interests on the income and gain of such Borrower allocated to Borrower’s Ownerssuch holders; or (b) prepay any principal, interest or other payments on or in connection with any indebtedness of such Borrower other than the Liabilities.

Distributions in Respect of Equity, Prepayment of Debt. Borrower shall not directly or indirectly: (a) pay any dividends or make any distributions in respect of or redeem any of Borrower’s equity interests, except that Borrower mayshares of capital stock; (b) declare any dividends in any year on any class of Borrower’s capital stock, provided however, that no Matured Default has occurred a Borrower may pay dividends to another Borrower in any amount and is continuing or would result therefrom, make such distributions as are necessary Premium may pay dividends to reflect Parent in any one Fiscal Year of not more than $500,000 in the amount of income tax liability passed through to Borrower’s Ownersaggregate; or (bc) prepay any principal, interest or other payments on or in connection with any indebtedness Interest Bearing Debt of Borrower other than the Liabilities.