Common use of Agreements to Restrict Dividends and Certain Transfers Clause in Contracts

Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those encumbrances and restrictions existing on the date hereof and described in Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in Schedule IV.

Appears in 4 contracts

Samples: Credit Agreement (Brinker International Inc), Credit Agreement (Brinker International Inc), Bridge Loan Agreement (Brinker International Inc)

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Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary of its Subsidiaries to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary of the Guarantor (ai) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower Guarantor or to any Significant Subsidiary of the Guarantor; or (bii) to make loans or advances to the Borrower Guarantor or any Significant SubsidiarySubsidiary of the Guarantor, except those encumbrances and restrictions existing on the date hereof and described in Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in Schedule IV.

Appears in 3 contracts

Samples: Credit Agreement (Fina Inc), Credit Agreement (Fina Inc), Credit Agreement (Fina Inc)

Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those encumbrances and restrictions existing on the date hereof and described in on Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in on Schedule IV.

Appears in 1 contract

Samples: Credit Agreement (Brinker International Inc)

Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those encumbrances and restrictions existing on the date hereof Effective Date and described in on Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in on Schedule IV.

Appears in 1 contract

Samples: Credit Agreement (Brinker International Inc)

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Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those encumbrances and restrictions existing on the date hereof hereofAmendment No. 1 Effective Date and described in on Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in on Schedule IV.

Appears in 1 contract

Samples: Credit Agreement (Brinker International Inc)

Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those encumbrances and restrictions existing on the date hereof and described in Schedule IV V and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described in Schedule IV.V.

Appears in 1 contract

Samples: Term Loan Agreement (Brinker International Inc)

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