Common use of Distributions; Upstream Payments Clause in Contracts

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 6 contracts

Samples: Loan and Security Agreement (Americas Carmart Inc), Loan and Security Agreement (Conns Inc), Loan and Security Agreement (Americas Carmart Inc)

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Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 4 contracts

Samples: Loan, Security and Guarantee Agreement (National CineMedia, Inc.), Loan and Security Agreement (Northwest Pipe Co), Loan and Security Agreement (AGY Holding Corp.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.9.1.15 and except, as long as no Event of Default exists or would result therefrom:

Appears in 4 contracts

Samples: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.159.1.16.

Appears in 3 contracts

Samples: Loan and Security Agreement (Global Crossing LTD), Loan and Security Agreement (Modtech Holdings Inc), Loan and Security Agreement (Arctic Cat Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create Create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Restatement Effective Date as shown on Schedule 9.1.15.. Declare or make any Distributions except:

Appears in 3 contracts

Samples: Guaranty and Security Agreement, Term Loan, Guaranty and Security Agreement (Turtle Beach Corp), Loan, Guaranty and Security Agreement (Turtle Beach Corp)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create Create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.. Declare or make any Distributions except:

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Turtle Beach Corp), Loan, Guaranty and Security Agreement (Parametric Sound Corp), Loan, Guaranty and Security Agreement (Parametric Sound Corp)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create Create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15., or declare or make any Distributions except:

Appears in 2 contracts

Samples: Loan and Security Agreement (Houston Wire & Cable CO), Loan and Security Agreement (Houston Wire & Cable CO)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Disclosure Schedule 9.1.15.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Sport Chalet Inc), Loan and Security Agreement (Sport Chalet Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and or Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 2 contracts

Samples: Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under the Revolving Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 2 contracts

Samples: Loan Agreement (School Specialty Inc), Loan Agreement (School Specialty Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any an Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.159.1.15 to the Disclosure Letter.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Infinera Corp), Loan and Security Agreement (Arlo Technologies, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, the Permitted Term Debt Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Summer Infant, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.159.1.15 of the Disclosure Certificate.

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (Applied Optoelectronics, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions and Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Spherion Corp)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Payments, Distributions that are Permitted DistributionsTransactions, or other payments specifically permitted pursuant to exceptions set forth in Section 10.2.7(b) below; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Akorn Inc)

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Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Disclosure Schedule 9.1.159.1.16.

Appears in 1 contract

Samples: Loan and Security Agreement (Sport Chalet Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributionsor JAKKS Amounts; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (THQ Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under the Term Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.158.1.15.

Appears in 1 contract

Samples: Credit Agreement (Wausau Paper Corp.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, the ABL Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, the Term Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any an Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Servicesource International, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law Law, under any documents entered into pursuant to any Permitted ABS Transaction or in effect on the Closing Date as shown on Schedule 9.1.1510.2.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted Distributionsother Distributions so long as the Payment Conditions are satisfied with respect to each such other Distribution; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Mynd.ai, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments and Permitted DistributionsPayments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Restatement Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Summer Infant, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments Payments, and Permitted Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary of Parent to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 9.1.15.

Appears in 1 contract

Samples: Loan and Security Agreement (Mynd.ai, Inc.)

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