Common use of Dividends and Certain Other Restricted Payments Clause in Contracts

Dividends and Certain Other Restricted Payments. No Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its Equity Interests (other than dividends or distributions payable solely in its Qualified Equity Interests), (b) directly or indirectly purchase, redeem, or otherwise acquire or retire for value any of its Equity Interests, (c) make any payment of Contingent Acquisition Consideration or (d) make any voluntary prepayment on account of any Subordinated Debt or effect any voluntary redemption thereof with cash on hand and/or the proceeds of a Loan hereunder (collectively referred to herein as “Restricted Payments”); provided, however, that the foregoing shall not operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (AlTi Global, Inc.), Credit Agreement (AlTi Global, Inc.)

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Dividends and Certain Other Restricted Payments. No Loan Party shall, nor shall it permit any of its Restricted Subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its Equity Interests capital stock or other equity interests (other than dividends or distributions payable solely in its Qualified Equity Interestscapital stock or other equity interests), (b) directly or indirectly purchase, redeem, or otherwise acquire or retire for value any of its Equity Interestscapital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, or (c) make any payment of Contingent Acquisition Consideration or (d) make any voluntary prepayment on account of any Subordinated Debt or effect any voluntary redemption thereof with cash on hand and/or the proceeds of a Loan hereunder (collectively referred to herein as “Restricted Payments”); provided, however, that the foregoing shall not operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Envestnet, Inc.), Credit Agreement (AssetMark Financial Holdings, Inc.)

Dividends and Certain Other Restricted Payments. No Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its Equity Interests capital stock or other equity interests (other than dividends or distributions payable solely in its Qualified Equity Interestscapital stock or other equity interests), (b) directly or indirectly purchase, redeem, or otherwise acquire or retire for value any of its Equity Interestscapital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, or (c) make any payment of Contingent Acquisition Consideration or (d) make any voluntary prepayment on account of any Subordinated Debt or effect any voluntary redemption thereof with cash on hand and/or the proceeds of a Loan hereunder (collectively referred to herein as “Restricted Payments”); provided, however, that the foregoing shall not operate to prevent:

Appears in 2 contracts

Samples: Credit Agreement (Envestnet, Inc.), Credit Agreement (Envestnet, Inc.)

Dividends and Certain Other Restricted Payments. No Loan Party shall, nor shall it permit any of its Subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its Equity Interests capital stock or other equity interests (other than dividends or distributions payable solely in its Qualified Equity Interestscapital stock or other equity interests), (b) directly or indirectly purchase, redeem, or otherwise acquire or retire for value any of its Equity Interestscapital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, (c) make any payment of Contingent Acquisition Consideration or (d) make any voluntary prepayment on account of any Subordinated Debt or effect any voluntary redemption thereof with cash on hand and/or the proceeds of a Loan hereunder (collectively referred to herein as “Restricted Payments”); provided, however, that the foregoing shall not operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (Alvarium Tiedemann Holdings, Inc.)

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Dividends and Certain Other Restricted Payments. No Loan Party shall, nor shall it permit any of its Restricted Subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its Equity Interests capital stock or other equity interests (other than dividends or distributions payable solely in its Qualified Equity Interestscapital stock or other equity interests), (b) directly or indirectly purchase, redeem, or otherwise acquire or retire for value any of its Equity Interestscapital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, or (c) make any payment of Contingent Acquisition Consideration or (d) make any voluntary prepayment on account of any Subordinated Debt or effect any voluntary redemption thereof with cash on hand and/or the proceeds of a Revolving Loan hereunder (collectively referred to herein as “Restricted Payments”); provided, however, that the foregoing shall not operate to prevent:

Appears in 1 contract

Samples: Credit Agreement (AssetMark Financial Holdings, Inc.)

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