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

Distributions; Capital Change; Restricted Investments. No Loan Party shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions by a Loan Party to another Loan Party, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) make any Restricted Investment.

Appears in 2 contracts

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

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Distributions; Capital Change; Restricted Investments. No Loan Party shall (ia) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions by a Loan Party to another Loan Party, (iib) make any change in its capital structure which could reasonably be expected to have a Material Adverse Effect Effect, or (iiic) make any Restricted Investment.

Appears in 1 contract

Samples: Loan and Security Agreement (Pentacon Inc)

Distributions; Capital Change; Restricted Investments. No Loan Party shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions by a Loan Party to another Loan Partyfor Permitted Distributions, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) make or have any Restricted Investment.

Appears in 1 contract

Samples: Credit Agreement (Salton Inc)

Distributions; Capital Change; Restricted Investments. No Loan Party shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions by a Loan Party to another Loan Party, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) make or have any Restricted Investment.

Appears in 1 contract

Samples: Credit Agreement (Applica Inc)

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Distributions; Capital Change; Restricted Investments. No Neither such Loan Party nor any of its Subsidiaries shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions by a to such Loan Party to another Loan Partyby its Subsidiaries, (ii) make any change in its capital structure which could have a Material Adverse Effect or (iii) make any Restricted Investment.

Appears in 1 contract

Samples: Loan and Security Agreement (Gt Bicycles Inc)

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