Distributions to Company. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company.
Appears in 3 contracts
Samples: Debenture Purchase Agreement (Environmental Tectonics Corp), Debenture Purchase Agreement (Berger Holdings LTD), Preferred Stock Purchase Agreement (Environmental Tectonics Corp)
Distributions to Company. No Except for limitations existing under applicable law, no Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary Subsidiary, or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company.
Appears in 3 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Vista Information Solutions Inc), Debenture Purchase Agreement (Altris Software Inc), Convertible Preferred Stock Purchase Agreement (Altris Software Inc)
Distributions to Company. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary Subsidiary, or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company.
Appears in 2 contracts
Samples: Loan Agreement (Bikers Dream Inc), Debenture Purchase Agreement (Universal Automotive Industries Inc /De/)
Distributions to Company. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company. The Company is not prohibited from paying cash dividends to the holders of the Series B Preferred Stock except as set forth in Schedule 2.19.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Teltronics Inc)
Distributions to Company. No Subsidiary of the Company is ------------------------ currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company.
Appears in 1 contract
Distributions to Company. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary subsidiary or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company.
Appears in 1 contract
Samples: Debenture Purchase Agreement (Cover All Technologies Inc)
Distributions to Company. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiarysubsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary subsidiary or from transferring any of such Subsidiarysubsidiary's property or assets to the Company or any other Subsidiary subsidiary of the Company.
Appears in 1 contract
Distributions to Company. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distributions on such Subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary or from transferring any of such Subsidiary's property or assets to the Company or any other Subsidiary of the Company. The Company is not prohibited from paying cash dividends to the holders of the Preferred Stock except as set forth in Schedule 2.19.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Berger Holdings LTD)
