Common use of Dividends and Related Distributions Clause in Contracts

Dividends and Related Distributions. The Borrower shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its ownership interests or on account of the purchase, redemption, retirement or acquisition of its ownership interests unless prior to and after giving effect to such dividend or distribution, no Event of Default or Potential Default shall have occurred.

Dividends and Related Distributions. The Borrower shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its ownership interests or shares of capital stock on account of the purchase, redemption, retirement or acquisition of its ownership interests shares of capital stock (or warrants, options or rights therefor), unless prior to no Event of Default under Section 7.1.1 shall have occurred and after giving effect to be continuing at the time of such dividend or distribution, no Event of Default or Potential Default shall have occurred.

Dividends and Related Distributions. The Borrower shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its ownership shares of capital stock, partnership interests or limited liability company interests on account of the purchase, redemption, retirement or acquisition of its ownership shares of capital stock (or warrants, options or rights therefor), partnership interests unless prior to and after giving effect to such dividend or distribution, no Event of Default or Potential Default shall have occurredlimited liability company interests.

Dividends and Related Distributions. The Borrower shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its ownership interests or membership interests, on account of the purchase, redemption, retirement or acquisition of its ownership membership interests unless prior to and after giving effect to such dividend (or distributionwarrants, no options or rights therefor), except as may be permitted in accordance with Borrower's Operating Agreement, provided however that an Event of Default or Potential Default shall not have occurredoccurred and be continuing.