Common use of Liquidation Event Distributions Clause in Contracts

Liquidation Event Distributions. On the first Business Day after the ------------------------------- Company receives any Liquidation Proceeds, the Company shall cause the distribution of the Net Liquidation Proceeds After Debt Service to make the following payments:

Appears in 2 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

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Liquidation Event Distributions. On the first Business Day after the ------------------------------- Company receives any Liquidation Proceeds, the Company shall cause the distribution of the Net Liquidation Proceeds After Debt Service to make the following payments:

Appears in 2 contracts

Samples: Loan Agreement (Alternative Living Services Inc), Loan Agreement (Alternative Living Services Inc)

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