Dividend Capture from South Africa. The Obligors will ensure that cash distributions are made to Pyramid Freight BVI in accordance with the general distribution principles applied by the Company in respect of cash distributions made out of South Africa taking into account at any time the requirements of any applicable South African exchange control regulations, the local financial needs of the South African Group and any projected financial requirements of the South African Group.
Appears in 4 contracts
Samples: Note Purchase Agreement (UTi WORLDWIDE INC), Letter of Credit Agreement (UTi WORLDWIDE INC), Letter of Credit and Cash Draw Agreement (UTi WORLDWIDE INC)
Dividend Capture from South Africa. The Obligors will ensure that cash distributions Distributions are made to Pyramid Freight BVI in accordance with the general distribution principles applied by the Company in respect of cash distributions Distributions made out of South Africa taking into account at any time the requirements of any applicable South African exchange control regulations, the local financial needs of the South African Group and any projected financial requirements of the South African Group.
Appears in 2 contracts
Samples: Note Purchase Agreement (UTi WORLDWIDE INC), Agreement (UTi WORLDWIDE INC)
Dividend Capture from South Africa. The Obligors will ensure that cash distributions are made to Pyramid Freight BVI in accordance with the general distribution principles applied by the Company Borrower in respect of cash distributions made out of South Africa taking into account at any time the requirements of any applicable South African exchange control regulations, the local financial needs of the South African Group and any projected financial requirements of the South African Group.
Appears in 1 contract
Samples: Credit Agreement (UTi WORLDWIDE INC)
