Limitation on Distributions. During the continuation of any Event of Default, Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of Borrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (TPG RE Finance Trust, Inc.), Loan and Security Agreement (TPG RE Finance Trust, Inc.), Loan and Security Agreement (TPG RE Finance Trust, Inc.)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, the Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc), Master Loan and Security Agreement (Resource America Inc), Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of Borrower.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Capital Trust Inc), Master Loan and Security Agreement (Capital Trust), CMBS Loan Agreement (Capital Trust)
Limitation on Distributions. During After the occurrence and during --------------------------- the continuation of any Event of Default, the Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Franchise Mortgage Acceptance Co), Master Loan and Security Agreement (Life Financial Corp), Master Loan and Security Agreement (Imperial Credit Commercial Mortgage Investment Corp)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, the Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereofof any of the foregoing or to any shareholder or equity owner of the Borrower, either directly or indirectly, whether in cash or property or in obligations of the Borrower or any of the Borrower's consolidated Subsidiaries.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Long Beach Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, the Borrower shall not make any payment on account of, or set apart assets for, for a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of of, any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Southern Pacific Funding Corp), Loan Agreement (Southern Pacific Funding Corp)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, the Borrower shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereofof any of the foregoing or to any shareholder or equity owner of the Borrower, either directly or indirectly, whether in cash or property or in obligations of Borrowerthe Borrower or any of its consolidated Subsidiaries.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Doral Financial Corp)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, Borrower the Borrowers shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of either Borrower, whether now or hereafter outstanding, or make any other distribution in respect -117- 123 thereof, either directly or indirectly, whether in cash or property or in obligations of either Borrower.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, the Borrower shall not make any Distribution, payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Borrower.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Newtek Business Services Inc)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, Borrower Borrowers shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of either Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of either Borrower.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Capital Trust Inc)
Limitation on Distributions. During After the occurrence and during the continuation of any Event of Default, Borrower the Borrowers shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity or partnership interest of either Borrower, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of either Borrower.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)
