Common use of Equity Distributions Clause in Contracts

Equity Distributions. Beginning on the Effective Date and continuing through the Forbearance Termination Date, the Borrower shall not make any dividend or distribution for or on account of direct or indirect owners of equity interests in Borrower.

Appears in 2 contracts

Sources: Forbearance Agreement (Lodging Fund REIT III, Inc.), Forbearance Agreement (Lodging Fund REIT III, Inc.)