Common use of Distributions from Subsidiaries Clause in Contracts

Distributions from Subsidiaries. Except with respect to any Scheduled Cash Reserve Amount, the Issuers will take reasonable actions to cause their Domestic Subsidiaries to distribute all cash to their respective parent companies until such cash is in the accounts of the Company. In addition, the Issuers will take reasonable actions to cause their Foreign Subsidiaries, to the extent such distribution would not violate applicable law or trigger either an additional foreign tax or United States tax, to distribute all cash not required for their continued normal operations to their respective parent companies until such cash is in the accounts of the Company.

Appears in 6 contracts

Samples: Indenture (Comdisco Holding Co Inc), Comdisco Inc, Comdisco Holding Co Inc

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