Common use of Limitation on Restrictions Affecting Subsidiaries Clause in Contracts

Limitation on Restrictions Affecting Subsidiaries. Enter into, or suffer to exist, any agreement with any Person, other than the Banks pursuant hereto, which prohibits or limits the ability of any Subsidiary to (a) pay dividends or make other distributions or pay any Debt owed to the Company or any Subsidiary, (b) make loans or advances to or make other investments in the Company or any Subsidiary, (c) transfer any of its properties or assets to the Company or any Subsidiary or (d) transfer any of its properties or assets to the Company or any Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Enterprise Products Partners L P), Credit Agreement (Enterprise Products Partners L P)

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Limitation on Restrictions Affecting Subsidiaries. Enter The Company will not enter into, or suffer to exist, any agreement with any Person, (other than the Banks pursuant hereto, Financing Documents) with any Person which prohibits or limits the ability of any Subsidiary to (a) pay dividends or make other distributions or pay any Debt owed to the Company or any Subsidiary, (b) make loans or advances to or make other investments in the Company or any Subsidiary, Subsidiary or (c) transfer any of its properties or assets to the Company or any Subsidiary or (d) transfer any of its properties or assets to the Company or any Subsidiary.

Appears in 1 contract

Samples: Securities Purchase Agreement (Take Two Interactive Software Inc)

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Limitation on Restrictions Affecting Subsidiaries. Enter The Company ------------------------------------------------- will not enter into, or suffer to exist, any agreement with any Person, other than the Banks pursuant hereto, Person which prohibits or limits the ability of any Subsidiary to (a) pay dividends or make other distributions or pay any Debt owed to the Company or any Subsidiary, (b) make loans or advances to or make other investments in the Company or any Subsidiary, Subsidiary or (c) transfer any of its properties or assets to the Company or any Subsidiary or (d) transfer any of its properties or assets to the Company or any Subsidiary.

Appears in 1 contract

Samples: Convertible Debenture and Convertible Preferred Stock Purchase Agreement (Tamboril Cigar Co)

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