Common use of Limitation on Restrictions on Distributions from Clause in Contracts

Limitation on Restrictions on Distributions from. Restricted Subsidiaries. The Company shall not, and shall not permit any ------------------------ Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Stock to the Company or a Restricted Subsidiary or pay any Indebtedness owed to the Company, (ii) make any loans or advances to the Company or (iii) transfer any of its property or assets to the Company, except:

Appears in 2 contracts

Samples: Indenture (DR Sales Inc), Indenture (Nabco Inc /Mi/)

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Limitation on Restrictions on Distributions from. Restricted Subsidiaries. The Company shall will not, and shall will not permit any ------------------------ ----------------------- Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Stock to the Company or a Restricted Subsidiary or pay any Indebtedness or other obligation owed to the Company, (ii) make any loans or advances to the Company or (iii) transfer any of its property or assets to the CompanyCompany or any Restricted Subsidiary, except:

Appears in 1 contract

Samples: Prestolite Electric Inc

Limitation on Restrictions on Distributions from. Restricted SubsidiariesSubsidiaries of the Company. The Company shall not, and shall not permit any ------------------------ of --------------------------- its Restricted Subsidiary Subsidiaries to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to (ia) pay dividends or make any other distributions on its Capital Stock or pay any Debt or other obligation owed to the Company or a any other Restricted Subsidiary or pay any Indebtedness owed to of the Company, (iib) make any loans or advances to the Company or any other Restricted Subsidiary of the Company or (iiic) transfer any of its property or assets to the Company, except:

Appears in 1 contract

Samples: Subordinated Note Agreement (HCC Industries International)

Limitation on Restrictions on Distributions from. Restricted Subsidiaries. The Company shall not, and shall not permit any ------------------------ Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (ia) pay dividends or make any other distributions on its Capital Stock to the Company or a Restricted Subsidiary or Subsidiary, (b) pay any Indebtedness owed to the Company, (iic) make any loans or advances to the Company or (iiid) transfer any of its property or assets to the Company, except:

Appears in 1 contract

Samples: 21st Century Telecom Group Inc

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Limitation on Restrictions on Distributions from. Restricted Subsidiaries. The Company shall not, and shall not permit any ------------------------ ----------------------- Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (ia) pay dividends or make any other distributions on its Capital Stock to the Company or a Restricted Subsidiary or pay any Indebtedness owed to the Company, (iib) make any loans or advances to the Company or (iiic) transfer any of its property or assets to the Company, except:

Appears in 1 contract

Samples: Morrison Knudsen Corp//

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