Examples of Permitted Distributions in a sentence
Notwithstanding the foregoing or anything to the contrary contained herein, nothing shall prohibit the Borrower from (i) transferring or distributing the Collateral Loans to the Equityholder or an Affiliate of the Equityholder, as applicable, in accordance with Article X, (ii) making Permitted Distributions (in accordance with the definition thereof) or (iii) making Permitted RIC Distributions on any Business Day (in accordance with the definition thereof).
The only permitted withdrawals from or application of funds on deposit in the Trust Account shall be to (a) make voluntary prepayments of Advances pursuant to Section 2.06(a) or other payments expressly provided for in this Agreement, (b) to purchase Collateral Loans with the prior written consent of the Administrative Agent or (c) make Permitted Distributions or Permitted RIC Distributions.
Interest Proceeds on deposit in the USD Interest Collection Account and each Permitted Non-USD Currency Account shall be withdrawn by the Collateral Agent (at the written direction of the Company or the Servicer on its behalf (or, following the occurrence and during the continuation of an Event of Default, the Administrative Agent)) and applied to make payments in accordance with this Agreement or to make Permitted Distributions or Permitted RIC Distributions as permitted by this Agreement.