Distributions to Shareholders. Declare or pay any dividends or otherwise declare or make any distribution to Borrower’s shareholders (including any purchase or redemption of stock) if a Default or Event of Default exists or would occur as a result of the dividend or distribution.
Appears in 5 contracts
Samples: Warehousing Credit and Security Agreement (Homebanc Corp), Warehousing Credit and Security Agreement (WMC Finance Co), Warehousing Credit and Security Agreement (Mortgageit Holdings Inc)
Distributions to Shareholders. Declare For any fiscal year, declare or pay any dividends or otherwise declare or make any distribution to Borrower’s 's shareholders (including any purchase or redemption of stock) if a Default or Event of Default exists or would occur as a result of the dividend or distribution.
Appears in 3 contracts
Samples: Warehousing Credit and Security Agreement (E Loan Inc), Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/), Warehousing Credit and Security Agreement (Matrix Bancorp Inc)
Distributions to Shareholders. Declare or pay any dividends or otherwise declare or make any distribution to Borrower’s Borrowers' shareholders (including any purchase or redemption of stock) if a Default or Event of Default exists or would occur as a result of the dividend or distribution.dividend
Appears in 2 contracts
Samples: Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp), Warehousing Credit, Term Loan and Security Agreement (American Home Mortgage Investment Corp)
Distributions to Shareholders. Declare or pay any dividends or otherwise declare or make any distribution to Borrower’s Borrowers’ shareholders (including any purchase or redemption of stock) if a Default or Event of Default exists or would occur as a result of the dividend or distribution.
Appears in 1 contract
Samples: Loan and Security Agreement (Centerline Holding Co)
