Common use of Capital Distributions Clause in Contracts

Capital Distributions. No Company shall pay or commit themselves to pay any Capital Distributions at any time; provided, however, that any Company may pay or commit itself to pay a Capital Distribution at any time to Borrower or a Pledgor.

Appears in 2 contracts

Samples: Credit Agreement and Waiver (Oglebay Norton Co /Ohio/), Loan Agreement and Waiver (Oglebay Norton Co /Ohio/)

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Capital Distributions. No Company shall pay or commit themselves to pay any Capital Distributions at any time; provided, however, that any Company may pay or commit itself to pay a Capital Distribution at any time to Borrower or a Pledgor.that:

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (Oglebay Norton Co /New/), Assignment Agreement (Oglebay Norton Co /New/)

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