Borrower Distributions definition

Borrower Distributions means (i) any dividend or other distribution, whether in cash, in kind, or otherwise, on account of or with respect to, or (ii) the application of any of funds, property or assets to the purchase, redemption or other retirement of, any of Borrower's equity interests or any warrants, options or other rights with respect to any of Borrower's equity interests.
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Borrower Distributions shall have the meaning set forth in Section 3.1(c) hereof.
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Borrower Distributions all consideration actually received from the Borrower and its subsidiaries on account of the Holdco Guaranteed Obligations; provided that if any such consideration is required to be disgorged or recharacterized such amounts shall be adjusted as set forth in paragraph 3(b). Borrower Distributions not constituting cash shall be valued for purposes of determining the amount of such Borrower Distribution in accordance with paragraph 4. So long as there is no Holdco Guaranty Breach and the Holdco Guaranteed Obligations have been irrevocably paid in full, Borrower Distributions received after the Principal Payment Date (other than, for the avoidance of doubt, any consideration that has been taken into account in determining that the Holdco Guaranteed Obligations have been irrevocably paid in full, including non-cash consideration valued in accordance with paragraph 4), if any, will be turned over to Holdings in the form received.
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Examples of Borrower Distributions in a sentence

  • The aggregate of all Borrower Distributions for any Fiscal Year of Borrower shall not exceed the sum of Net Income of Borrower for such Fiscal Year plus federal and state income taxes deducted in determining such Net Income for two consecutive Fiscal Years of Borrower.

  • As of September 30, 1996, the amount available for Restricted Borrower Distributions was not greater than $38,000,000.

  • The value of Borrower Distributions (other than cash) received in connection with the consummation of a foreclosure proceeding shall equal the value of such property as agreed by Borrower and Noteholders holding First Lien Notes representing a majority of the principal balance of all outstanding First Lien Notes of each issue of First Lien Notes ..

  • The value of Borrower Distributions (other than cash) received in connection with a Borrower Plan shall equal the value of such property as determined by or ascribed in the Borrower Plan on the date the Borrower Plan is confirmed by the bankruptcy court.

  • Borrower intends to make payment on the Obligations from the Borrower Distributions.

  • The aggregate of all Borrower Distributions for any Fiscal Year of Borrower shall not, for two consecutive Fiscal Years of Borrower, exceed the sum of Net Income of Borrower for such Fiscal Year plus federal and state income taxes deducted in determining such Net Income.

  • Borrower Distributions .............................................

  • The Borrower (or the initial Servicer) shall provide the Collateral Agent with a Purchase Report as to the amount of Borrower Distributions for any Business Day, and delivery of such Purchase Report shall be deemed to be a certification by the Borrower that the foregoing conditions were satisfied.

  • As of the Effective Date, the Lenders waive compliance with the requirements of Section 2.6 (Mandatory Prepayments) and Section 7.5 (Restricted Payments) to the extent the Net Cash Proceeds of the Additional Indebtedness are used by the Operating Co. or the Borrower for the payment of the Operating Company Distributions or the Borrower Distributions.

  • CASH MANAGEMENT 78 Section 3.1 Property Account 78 Section 3.2 Lockbox Account 79 Section 3.3 Mortgage Borrower Distributions 80 IV.


More Definitions of Borrower Distributions

Borrower Distributions means (i) any dividend or other distribution, whether in cash, in kind, or otherwise, on account of or with respect to, or (ii) the application of any funds, property or assets to the purchase, redemption or other retirement of, any of Borrower’s equity interests or any warrants, options or other rights with respect to any of Borrower’s equity interests.
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Borrower Distributions shall have the meaning set forth in Section 5(b) hereof.
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