Common use of Limitation on Certain Restrictions on Subsidiaries Clause in Contracts

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Subsidiary to (i) pay Dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason of:

Appears in 15 contracts

Samples: Term Loan Credit Agreement (Internap Corp), Senior Secured Term Loan Credit Agreement (Internap Corp), Credit Agreement (Internap Corp)

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Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Restricted Subsidiary to (i) pay Dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason of:

Appears in 6 contracts

Samples: Credit Agreement (Internap Corp), Credit Agreement (Internap Corp), Credit Agreement (Layne Christensen Co)

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Subsidiary to (i) pay Dividends dividends or make any other distributions on its Equity Interests capital stock or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason of:

Appears in 4 contracts

Samples: Second Lien Term Loan Agreement (Critical Homecare Solutions Holdings, Inc.), Credit Agreement (Kemet Corp), First Lien Credit Agreement (Critical Homecare Solutions Holdings, Inc.)

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create Create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Subsidiary to (i) pay Dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason of:

Appears in 3 contracts

Samples: Credit Agreement (Edgen Group Inc.), Credit Agreement (Edgen Group Inc.), Credit Agreement (Edgen Group Inc.)

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance, encumbrance or restriction or condition on the ability of any Subsidiary to (ia) pay Dividends dividends or make any other distributions on its Equity Interests capital stock or any other interest or participation in its profits owned by Borrower or any CompanySubsidiary of Borrower, or pay any Indebtedness owed to any Company, (ii) make loans Borrower or advances to any Company or (iii) transfer any a Subsidiary of its properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason of:Borrower,

Appears in 2 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)

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Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create Create or otherwise cause or suffer permit to exist or become effective any encumbrance, consensual encumbrance or restriction or condition on the ability of any Subsidiary to (i) pay Dividends dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, capital stock or pay any Indebtedness Debt or other Obligations owed to the Borrower or any Companyof its other Subsidiaries, (ii) make any loans or advances to the Borrower or any Company of its other Subsidiaries or (iii) transfer any of its properties property or assets to the Borrower or any Companyof its other Subsidiaries, except for such encumbrances, restrictions or conditions existing under or by reason ofexcept:

Appears in 2 contracts

Samples: Credit Agreement (Team Health Inc), Security Agreement (Inphynet South Broward Inc)

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, indirectly create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Subsidiary to (i) pay Dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties Properties to any Company, except for such encumbrances, restrictions or conditions existing under or by reason offor:

Appears in 1 contract

Samples: Credit Agreement (Inotiv, Inc.)

Limitation on Certain Restrictions on Subsidiaries. Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance, restriction or condition on the ability of any Subsidiary to (i) pay Dividends or make any other distributions on its Equity Interests or any other interest or participation in its profits owned by any Company, or pay any Indebtedness owed to any Company, (ii) make loans or advances to any Company or (iii) transfer any of its properties to any Company, except for such encumbrances, restrictions or conditions existing between or among the Companies or existing under or by reason of:

Appears in 1 contract

Samples: Revolving Credit Agreement (ICO Global Communications (Holdings) LTD)

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