CHC. CHC shall not make any Distributions so long as either (a) an Event of Default has occurred and is continuing or would be caused by the making of any such Distribution, or (b) a Default arising out of a breach of any of Sections 9.1, 9.18, or 10.14 through 10.17, has occurred and is continuing or would be caused by the making of any such Distribution.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Chartermac)
CHC. CHC shall not make any Distributions so long as either (a) an Event of Default has occurred and is continuing or would be caused by the making of any such Distribution, or (b) a Default arising out of a breach of any of Sections 9.1, 9.189.5, 9.20 or 10.14 through 10.17, 10.16 has occurred and is continuing or would be caused by the making of all or any portion of such Distribution.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Centerline Holding Co)