Common use of Distributions or Payments of Company Subsidiary Clause in Contracts

Distributions or Payments of Company Subsidiary. Without the consent of Bank, cause to be paid to itself, or receive, or accept any payments or distributions from the Pledged Mortgage Loans which exceed in the aggregate the amount permitted in Section 2.5(a).

Appears in 3 contracts

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

AutoNDA by SimpleDocs

Distributions or Payments of Company Subsidiary. Without the consent of Bank, cause to be paid to itself, or receive, or accept any payments or distributions from the Pledged Mortgage Loans which exceed in except to the aggregate the amount permitted extent set forth in Section 2.5(a)2.5 hereof.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.