Common use of Restricted Junior Payments Clause in Contracts

Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (a) no Default or Event of Default shall then exist or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted Cash.

Appears in 5 contracts

Samples: Loan Agreement (AG Mortgage Investment Trust, Inc.), Loan Agreement (Altisource Residential Corp), Loan Agreement (Altisource Residential Corp)

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Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (ai) no Default or Event of Default shall then exist or would result therefrom, (bii) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (ciii) such Restricted Junior Payments are paid from Unrestricted Cash.

Appears in 4 contracts

Samples: Loan Agreement (Front Yard Residential Corp), Loan Agreement (Colony Starwood Homes), Loan Agreement (Starwood Waypoint Residential Trust)

Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (ai) no Default or Event of Default shall then exist or would result therefrom, (bii) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (ciii) such Restricted Junior Payments are paid from Unrestricted Cash.

Appears in 4 contracts

Samples: Loan Agreement (American Homes 4 Rent), Loan Agreement (American Homes 4 Rent), Loan Agreement (American Homes 4 Rent)

Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (a) no Default or Event of Default shall then exist or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted Cash.

Appears in 3 contracts

Samples: Loan Agreement (Starwood Waypoint Homes), Loan Agreement (Colony Starwood Homes), Loan Agreement (Colony Starwood Homes)

Restricted Junior Payments. The Borrower shall not make or permit to be made any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments except that, at all times prior to the Final Maturity Date and so long as (a) no Default or Borrowing Base Deficiency, Event of Default shall then exist or Unmatured Event of Default has occurred or would result therefrom, (b) such the Borrower may declare and make Restricted Junior Payments have been approved by all necessary action on that comply with the part terms of Borrower its Operating Agreement and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted CashApplicable Law.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp), Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp)

Restricted Junior Payments. The Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as Payment unless (ai) no Default or Event of Default, Collateral Manager Event of Default, Unmatured Collateral Manager Event of Default shall then exist or Unmatured Event of Default (including, without limitation a Borrowing Base Deficiency) has occurred or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws therefrom and (cii) such Restricted Junior Payments are paid from Unrestricted Cashmade with either (A) the proceeds of an Advance or (B) funds received by the Borrower pursuant to Section 2.04(a)(x) or Section 2.04(b)(vi).

Appears in 2 contracts

Samples: Loan and Servicing Agreement (FS Investment Corp II), Loan and Servicing Agreement (FS Investment Corp II)

Restricted Junior Payments. The Borrower shall not make or permit to be made any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments except that, at all times prior to the Maturity Date and so long as (a) no Default or Borrowing Base Deficiency, Event of Default shall then exist or Unmatured Event of Default has occurred or would result therefrom, (b) such the Borrower may declare and make Restricted Junior Payments have been approved by all necessary action on that comply with the part terms of Borrower its Operating Agreement and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted CashApplicable Law.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Star Mountain Lower Middle-Market Capital Corp)

Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (ai) no Default or Event of Default shall then exist or would result therefrom, (bii) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted Cash.compliance

Appears in 1 contract

Samples: Loan Agreement (Colony Starwood Homes)

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Restricted Junior Payments. Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as (ai) no Default or Event of Default shall then exist or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws and (c) such Restricted Junior Payments are paid from Unrestricted Cash.Event

Appears in 1 contract

Samples: Loan Agreement (Colony Starwood Homes)

Restricted Junior Payments. The Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as Payment unless (ai) no Default or Event of Default, Collateral Manager Event of Default, Unmatured Collateral Manager Event of Default shall then exist or Unmatured Event of Default (including, without limitation a Borrowing Base Deficiency) has occurred or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws therefrom and (cii) such Restricted Junior Payments are paid from Unrestricted Cashmade with either (A) the proceeds of an Advance or (B) funds received by the Borrower pursuant to Section 2.04(a)(xi) or Section 2.04(b)(vi).

Appears in 1 contract

Samples: Loan and Servicing Agreement (FS Energy & Power Fund)

Restricted Junior Payments. The Borrower shall not make any Restricted Junior Payment; provided, that Borrower may make Restricted Junior Payments so long as Payment unless (ai) no Default Event of Default, Collateral Control Event, Unmatured Collateral Control Event or Unmatured Event of Default shall then exist (including, without limitation a Borrowing Base Deficiency) has occurred or would result therefrom, (b) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower and in compliance with all applicable laws therefrom and (cii) such Restricted Junior Payments are paid from Unrestricted Cashmade with either (A) the proceeds of an Advance or (B) funds received by the Borrower pursuant to Section 2.04(a)(ix) or Section 2.04(b)(vi).

Appears in 1 contract

Samples: Loan and Servicing Agreement (FS Investment CORP)

Restricted Junior Payments. Borrower shall not and shall cause each other Loan Party not to make any Restricted Junior Payment; provided, that Borrower the Loan Parties may make Restricted Junior Payments so long as (ai) no Default or Event of Default shall then exist or would result therefrom, (bii) such Restricted Junior Payments have been approved by all necessary action on the part of Borrower the Loan Parties and in compliance with all applicable laws and (ciii) such Restricted Junior Payments are paid from Unrestricted Cash.

Appears in 1 contract

Samples: Loan Agreement (American Residential Properties, Inc.)

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