Common use of Dividends; Distribution Clause in Contracts

Dividends; Distribution. Borrower shall not pay or permit to be paid any dividend or make any distribution of any assets or make any advances or loans to members, owners, stockholders, officers, employees or affiliates without the consent of Bank.

Dividends; Distribution. Borrower shall not pay or permit to be paid any dividend or make any distribution of any assets or make any advances or loans Loan to members, owners, stockholders, officers, employees employees, or affiliates without that, when taken, will not adversely affect the consent repayment ability of Bank.Borrower. No dividend payments will be made unless (1) an after-tax profit was made in the preceding fiscal year;