Equity Distributions definition
Examples of Equity Distributions in a sentence
MTP-South Tower covenants and agrees that until the Loan and all other obligations of MTP-South Tower to Aetna under the Amended Loan Documents have been paid in full, MTP-South Tower shall not make any Equity Distributions.
Use the proceeds of the Credit Extensions for general corporate and working capital purposes, including (a) to pay fees and expenses incurred in connection with the entering into this Agreement and the funding of Loans and (b) for Capital Expenditures, Permitted Acquisitions, Equity Distributions and repurchases of Equity Interests of the Borrowers permitted hereunder, in each case not in contravention of any Law or of any Loan Document.
The Issuers shall, and shall cause their Subsidiaries to, hold the Equity Distributions in precisely the form received by them in trust for and on behalf of the Secured Parties, and without any notice or demand whatsoever, shall promptly deliver the same to the Depositary Agent for application in accordance with the terms of this Agreement.
The Borrower will use the proceeds of the Advances only to (i) acquire Loans or fund unfunded commitments with respect to Loans, (ii) fund the Unfunded Exposure Account in accordance with the terms hereof, (iii) make Equity Distributions in accordance with the terms hereof, or (iv) pay related fees and expenses (including expenses payable hereunder).
The Issuers shall, and shall cause the Guarantors to, deposit all Equity Distributions into the Accounts in accordance with the terms hereof.