Dividends or Distribution. If an Event of Default shall have occurred and be continuing or if a Default shall have occurred and be continuing (each, a “Blockage Event”), Debtor shall not (i) declare or make any distribution, on account of any equity interest of Debtor, now or hereafter outstanding, or (ii) return any equity interest to any equity holders of Debtor, or make any other distribution of property, assets, obligations or securities thereto as such.
Appears in 2 contracts
Sources: Loan and Security Agreement (Enova International, Inc.), Loan and Security Agreement (Enova International, Inc.)