Common use of Distributions; Capital Change; Restricted Investments Clause in Contracts

Distributions; Capital Change; Restricted Investments. Neither any Borrower nor any of its Subsidiaries shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions to a Borrower by its Subsidiaries, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) until the Inventory Loans have been paid in full and the Inventory Sublimit reduced to zero, make any Restricted Investment.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerprobe Corp)

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Distributions; Capital Change; Restricted Investments. Neither any Borrower nor any of its Subsidiaries shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions to a Borrower by its Subsidiaries, (ii) make any change in its capital structure which could reasonably be expected to have a Material Adverse Effect or (iii) until the Inventory Loans have been paid in full and the Inventory Sublimit reduced to zero, make or maintain any Restricted Investment.

Appears in 1 contract

Samples: Loan and Security Agreement (Worldtex Inc)

Distributions; Capital Change; Restricted Investments. Neither any Borrower None of the Borrowers nor any of its their Subsidiaries shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions to a the applicable Borrower by its Subsidiaries, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) until the Inventory Loans have been paid in full and the Inventory Sublimit reduced to zero, make any Restricted Investment.

Appears in 1 contract

Samples: Credit Agreement (Maxxam Inc)

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Distributions; Capital Change; Restricted Investments. Neither any the Borrower nor any of its Subsidiaries Guarantor shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions to a the Borrower by its Subsidiaries, (ii) make any change in its capital structure which could would have a Material Adverse Effect or (iii) until the Inventory Loans have been paid in full and the Inventory Sublimit reduced to zero, make any Restricted Investment.

Appears in 1 contract

Samples: Loan and Security Agreement (Fruit of the Loom LTD)

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