Common use of Limitation on Distributions Clause in Contracts

Limitation on Distributions. If a Default has occurred and is occurring, neither Seller nor either Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either Guarantor, 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 Seller or either Guarantor.

Limitation on Distributions. If a an Event of Default has occurred and is occurring, neither any Seller nor either any Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in any Seller or either Guarantorany Guarantor (except any dividends or distributions required by law in order for such party to maintain its status as a real estate investment trust), 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 any Seller or either any Guarantor.

Limitation on Distributions. If a Default has occurred and is occurring, neither Seller nor either Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either Guarantor, 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 Seller or either Guarantor.

Limitation on Distributions. If a Default has occurred and is occurringcontinuing, neither no Seller nor either or Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in any Seller or either Guarantor, 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 any Seller or either GuarantorGuarantor provided that a Seller or Guarantor may pay distributions or dividends solely by way of issuance of additional stock in lieu of cash.

Limitation on Distributions. If a Default has occurred and is occurringcontinuing, neither Seller the Sellers nor either the Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in any Seller or either the Guarantor, 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 any Seller or either Guarantorthe Guarantor provided that a Seller or the Guarantor may pay distributions or dividends solely by way of issuance of additional stock in lieu of cash.

Limitation on Distributions. If a Default has occurred and is occurringcontinuing, neither the Seller nor either the Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in the Seller or either the Guarantor, 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 Seller or either the Guarantor.

Limitation on Distributions. If a Default has occurred and is --------------------------- occurring, neither Seller nor either Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either Guarantor, 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 Seller or either Guarantor.

Limitation on Distributions. If a an Event of Default has occurred been declared and is occurringcontinuing, neither Seller nor either any Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either any Guarantor, 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 Seller or either any Guarantor.

Limitation on Distributions. If a Default has occurred and is occurring, neither Seller the Sellers nor either the Guarantor shall pay any dividends or distributions with respect to any capital stock or other equity interests in Seller the Sellers or either the Guarantor, whether now or hereafter outstandingoutstanding (except any dividends or distributions required by law in order for Guarantor to maintain its status as a Real Estate Investment Trust under the Code), or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of Seller the Sellers or either the Guarantor.

Limitation on Distributions. If a Default has occurred and is occurring, neither Seller nor either Guarantor shall not pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either Guarantor, as applicable, 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 Seller or either Guarantor, except for such distributions as may be necessary for Guarantor to preserve its REIT status.

Limitation on Distributions. If a an Event of Default has occurred and is occurring, neither Seller nor either Guarantor shall not pay any dividends or distributions with respect to any capital stock or other equity interests in Seller or either Guarantor, Guarantor 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 Seller or either Guarantor, other than distributions required to be made by the Guarantor as a condition to maintaining its status as a REIT.