Common use of Limitations on Distributions Clause in Contracts

Limitations on Distributions. Following the occurrence and during the continuance of an Event of Default, Borrower shall not make any distributions to its members.

Appears in 19 contracts

Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Mezzanine Loan Agreement, Mezzanine Loan Agreement (Strategic Hotels & Resorts, Inc)

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Limitations on Distributions. Following the occurrence and during the continuance of an Event of Default, Borrower shall not make any distributions to its membersmember.

Appears in 3 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc), Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

Limitations on Distributions. Following the occurrence and during the continuance occurrence of an Event of Default, Borrower shall not make any distributions to its partners or members, as applicable.

Appears in 2 contracts

Samples: Loan Agreement (Hcp, Inc.), Loan Agreement (Hcp, Inc.)

Limitations on Distributions. Following the occurrence and during the continuance of an Event of Default, no Borrower shall not make any distributions to its membersmember.

Appears in 2 contracts

Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (MPG Office Trust, Inc.)

Limitations on Distributions. Following the occurrence and during the continuance of an Event of Default, Borrower shall not make any distributions unless Lender has consented to its memberssuch distribution.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (BRE Select Hotels Corp)

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Limitations on Distributions. Following the occurrence and during the continuance of an Default or Event of Default, Borrower shall not make any distributions to its membersDistributions.

Appears in 1 contract

Samples: Revolving Credit Agreement (TRI Pointe Homes, Inc.)

Limitations on Distributions. Following the occurrence and during the continuance of an Event of Default, Borrower shall not make any distributions to its members, partners and shareholders, as applicable.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Global Income Trust, Inc.)

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