Common use of Limitation on Dividends and Distributions Clause in Contracts

Limitation on Dividends and Distributions. Upon the occurrence and after the continuance of an Event of Default, Seller has not made any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after during the continuance of an Event of Default, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after the continuance of an Event of Defaulta Servicing Termination Event, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement retirement, or other acquisition of any equity interest of Seller, the Seller whether now or hereafter outstanding, or made make any other dividend or distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, the Seller either directly or indirectly, whether in cash or property or in obligations of the Seller or any of its the Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon the occurrence and after the continuance of an Event of Default, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon the occurrence and after the continuance of a Default or an Event of Default, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon After the occurrence and after the continuance continuation of an Event of Default, the Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of the Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of the Seller, either directly or indirectly, whether in cash or property or in obligations of the Seller or any of its the Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after during the continuance continuation of an Event of Default, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon the occurrence and after the continuance of Following an Event of DefaultDefault or Mandatory Repurchase Event, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after during the continuance continuation of an Event of Default, no Seller has not made shall make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of such Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of such Seller, either directly or indirectly, whether in cash or property or in obligations of such Seller or any of its such Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after during the continuance of an Event of Default, Seller has not made any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon Following the occurrence and after during the continuance continuation of an Event of Default, no Seller has not made shall make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of such Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of such Seller, either directly or indirectly, whether in cash or property or in obligations of such Seller or any of its such Seller's consolidated Subsidiaries.

Limitation on Dividends and Distributions. Upon the occurrence and after the continuance of Following an Event of Default or Default, Seller has shall not made make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller, whether now or hereafter outstanding, or made make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations of Seller or any of its Seller’s consolidated Subsidiaries.