Common use of Distributions; Upstream Payments Clause in Contracts

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to Borrower, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.14.

Appears in 11 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

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Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to BorrowerUpstream Payment, except for restrictions under the Loan Documents and the Organic Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.149.1.15 or as permitted by Section 10.2.14.

Appears in 3 contracts

Samples: Loan and Security Agreement (Capella Healthcare, Inc.), Loan and Security Agreement (Lawton Surgery Investment Company, LLC), Loan and Security Agreement (NPMC Holdings, LLC)

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to Borrower, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.14.. 62

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event a Distribution by a Subsidiary of Default exists, an Obligor to such Obligor; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to Borrowera Obligor, except for restrictions under the Loan Documents, under Applicable Law applicable law or in effect on the Closing Date as shown on Schedule 8.1.14.

Appears in 1 contract

Samples: Loan and Security Agreement (Revolution Lighting Technologies, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, Distributions; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to BorrowerUpstream Payment, except for restrictions under the Loan Documents, the Term Loan Documents and the Organic Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.149.1.15 or as permitted by Section 10.2.14.

Appears in 1 contract

Samples: Loan Agreement (Capella Healthcare, Inc.)

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Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to a Borrower, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Closing Date as shown on Schedule 8.1.14.

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Select Interior Concepts, Inc.)

Distributions; Upstream Payments. Declare or make any Distributions, except Permitted Distributions when no Event of Default exists, or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Distribution to Borrower, except for restrictions under the Loan Documents, under Applicable Law applicable law or in effect on the Closing Date as shown on Schedule 8.1.14.

Appears in 1 contract

Samples: Loan and Security Agreement (Select Interior Concepts, Inc.)

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