Trigger Event. After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.
Appears in 3 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)
Trigger Event. After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries the Group Members to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.
Appears in 3 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)
Trigger Event. After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.
Appears in 2 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality LLC)
Trigger Event. After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries the Group Members to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.
Appears in 2 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality LLC)
Trigger Event. After the occurrence and during the continuation of a Trigger Event or an Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Mortgage Loan Documents directly into the Conditional Controlled Account.
Appears in 1 contract
Trigger Event. After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.Account 71
Appears in 1 contract
