Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) with any Person which restricts any of the Loan Parties’ right to pay dividends or other distributions to the Borrower or repay intercompany loans from the Borrower to each Loan Party.
Appears in 5 contracts
Samples: Credit Agreement (TWFG, Inc.), Credit Agreement (TWFG, Inc.), Incremental Facility Amendment to Credit Agreement (Cadre Holdings, Inc.)
Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) Agreement with any Person which restricts any of the Loan Parties’ right to pay dividends or other distributions to the any Borrower or any other Loan Party or to repay intercompany loans from the any Borrower to each any other Loan Party.
Appears in 2 contracts
Samples: Revolving Credit Facility (Retail Ventures Inc), Revolving Credit Facility (DSW Inc.)
Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) Agreement with any Person which restricts any of the Loan Parties’ ' right to pay dividends or other distributions to the any Borrower or any other Loan Party or to repay intercompany loans from the any Borrower to each any other Loan Party.
Appears in 2 contracts
Samples: Credit Agreement (DSW Inc.), Revolving Credit Facility (DSW Inc.)
Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) with any Person which restricts any of the Loan Parties’ ' right to pay dividends or other distributions to the Borrower or repay intercompany loans from the Borrower to each Loan Party.
Appears in 2 contracts
Samples: Credit Agreement (TWFG, Inc.), Credit Agreement (Richardson Electronics, Ltd.)
Agreements Restricting Dividends. Each Except as set forth on SCHEDULE 8.2.18, each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a this Agreement and the other Loan DocumentDocuments) with any Person which restricts the right of any of the Loan Parties’ right Parties or their Subsidiaries to pay dividends or other distributions to the Borrower (or any Subsidiary of the Borrower if such Subsidiary owns the capital stock of the payor) or repay intercompany loans from the Borrower to each Loan Party.
Appears in 1 contract
Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) Agreement with any Person which restricts any of the Loan Parties’ Subsidiaries of the Company's right to pay dividends or other distributions to the Borrower Company or any other Loan Party or repay intercompany loans from the Borrower Subsidiaries of the Company to each the Company or any other Loan Party.
Appears in 1 contract
Agreements Restricting Dividends. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any agreement (other than a Loan Document) Agreement with any Person which restricts any of the Loan Parties’ Subsidiaries of the Company’s right to pay dividends or other distributions to the Borrower Company or any other Loan Party or repay intercompany loans from the Borrower Subsidiaries of the Company to each the Company or any other Loan Party.
Appears in 1 contract
