Common use of Prohibited Distributions Clause in Contracts

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur which is not cured by Borrower within five (5) Business Days after such breach;

Appears in 3 contracts

Sources: Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur which is not cured by Borrower within five (5) Business Days days after such breach;

Appears in 2 contracts

Sources: Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Loan and Security Agreement (Inland Real Estate Income Trust, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur which is not cured by Borrower within five (5) Business Days business days after Administrative Agent gives Borrower notice of such breach;

Appears in 2 contracts

Sources: Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.), Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur 3.06 occurs; which is not cured by Borrower within five (5) Business Days business days after ▇▇▇▇▇▇ delivers written notice of such breachbreach to Borrower;

Appears in 1 contract

Sources: Term Loan Agreement (Strategic Student & Senior Housing Trust, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur 3.06 occurs; which is not cured by Borrower within five (5) Business Days days after such breach;

Appears in 1 contract

Sources: Construction Loan Agreement (Indus Realty Trust, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 hereof shall occur which is not cured by Borrower within five ten (510) Business Days days after such breach;

Appears in 1 contract

Sources: Revolving Loan and Security Agreement (Cottonwood Communities, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 4.1(ii) hereof shall occur which is not cured by Borrower within five ten (510) Business Days days after Lender gives Borrower notice of such breach;; or

Appears in 1 contract

Sources: Loan Agreement (CNL Growth Properties, Inc.)

Prohibited Distributions. Any breach of the provisions of Section 4.06 4.11 hereof shall occur which is not cured by Borrower within five (5) Business Days days after Lender gives Borrower notice of such breach;

Appears in 1 contract

Sources: Construction Loan and Security Agreement (Global Growth Trust, Inc.)