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Common use of Borrower Distributions Clause in Contracts

Borrower Distributions. Borrower shall not make any distributions to its shareholders without the prior written approval of the Bank.

Appears in 3 contracts

Sources: Master Line of Credit Loan Agreement (Inspire Veterinary Partners, Inc.), Master Line of Credit Loan Agreement (Inspire Veterinary Partners, Inc.), Master Line of Credit Loan Agreement (Inspire Veterinary Partners, Inc.)

Parent Clauses

  • Cash Management
  • NEGATIVE COVENANTS
  • B▇▇▇▇▇▇▇s Affirmative Duties
  • Rights of Lender
  • Letters of Credit

Sub-Clauses

  • Right to Cure Defaults
  • Remedies
  • Event of Default
  • Signal Landmark Distributions
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