Common use of Lien Release Dividend Clause in Contracts

Lien Release Dividend. Notwithstanding anything to the contrary herein; provided no Event of Default has occurred and is continuing and no Unmatured Event of Default exists and is continuing, on a Lien Release Dividend Date, the Borrower may dividend any Loan, or portions thereof, to the Equityholder (each, a “Lien Release Dividend”), subject to the following terms and conditions, as certified by the Borrower to the Administrative Agent (with a copy to the Collateral Agent and the Collateral Custodian):

Lien Release Dividend. Notwithstanding anything any provision contained in this Agreement to the contrary herein; contrary, provided no Event of Default has occurred and is continuing and no Unmatured Event of Default exists and is continuingexists, on a Lien Release Dividend Date, the Borrower may dividend to the Transferor any LoanPIK Component of a Loan Asset, or portions thereof, to the Equityholder thereof (each, a “Lien Release Dividend”), subject to the following terms and conditions, as certified by the Borrower and the Transferor to the Administrative Agent (with a copy to the Collateral Agent and the Collateral Custodian):