LIMITATIONS ON DISTRIBUTIONS, ETC. Following the occurrence and during the continuance of a known monetary or other material Potential Default or any Default, Borrower shall not distribute any money or other property to any member of Borrower, whether in the form of earnings, income or other proceeds from the Property, nor shall Borrower repay any principal or interest on any loan or other advance made to Borrower by any member, nor shall Borrower loan or advance any funds to any such member.
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Samples: Loan Agreement (Howard Hughes Corp), Loan Agreement (CBL & Associates Properties Inc), Loan Agreement (CBL & Associates Properties Inc)
LIMITATIONS ON DISTRIBUTIONS, ETC. Following the occurrence and during the continuance of a known monetary or other material Potential Default or any Default, Borrower shall not distribute any money or other property to any member partner of Borrower, whether in the form of earnings, income or other proceeds from the PropertyProperty and Improvements, nor shall Borrower repay any principal or interest on any loan or other advance made to Borrower by any memberpartner, nor shall Borrower loan or advance any funds to any such memberpartner.
Appears in 2 contracts
Samples: Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)
LIMITATIONS ON DISTRIBUTIONS, ETC. Following the occurrence and during the continuance of a known monetary or other material Potential Default or any Default, neither Borrower nor The Price Group shall not distribute any money or other property to any member of Borrowersuch Person, whether in the form of earnings, income or other proceeds from the Propertyor otherwise, nor shall Borrower either such Person repay any principal or interest on any loan or other advance made to Borrower such Person by any membermember thereof, nor shall Borrower either such Person loan or advance any funds to any such member.
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LIMITATIONS ON DISTRIBUTIONS, ETC. Following the occurrence and during the continuance of a known monetary or other material Potential Default or any Default, Borrower shall not distribute any money or other property to any member of Borrower, whether in the form of earnings, income or other proceeds from the any Property, nor shall Borrower repay any principal or interest on any loan or other advance made to Borrower by any member, nor shall Borrower loan or advance any funds to any such member.
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