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

Limitation on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary,

Appears in 2 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Grand Union Co /De/)

AutoNDA by SimpleDocs

Limitation on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay or subordinate any Indebtedness owed to, Holdings, the Borrower or any other Subsidiary,, (b) make Investments in the Borrower or any other Subsidiary or

Appears in 2 contracts

Samples: Credit Agreement (GNC Acquisition Holdings Inc.), Credit Agreement (General Nutrition International Inc)

Limitation on Restrictions on Subsidiary Distributions. Enter into Create or suffer cause to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make Restricted Payments distributions in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary,, (b) make loans or advances to the Borrower or any other Subsidiary or (c) transfer any of its properties or assets to the Borrower or any other Subsidiary, except in each case as permitted by the Interim Facility Loan Documentation.

Appears in 2 contracts

Samples: Reimbursement Agreement (Anc Rental Corp), Reimbursement Agreement (Autonation Inc /Fl)

Limitation on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary,, (b) make Investments in the Borrower or any other Subsidiary or (c) transfer any of its assets to the Borrower or any other Subsidiary, except as permitted by the Interim Facility Loan Documentation.

Appears in 1 contract

Samples: Reimbursement Agreement (Anc Rental Corp)

AutoNDA by SimpleDocs

Limitation on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary of the Borrower to (a) pay dividends or make Restricted Payments any other distributions in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary,Subsidiary of the Borrower, (b) make loans or advances to the

Appears in 1 contract

Samples: Credit Agreement (Imperial Holly Corp)

Limitation on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary,, (b) make Investments in the Borrower or any other Subsidiary or (c) transfer any of its assets to the Borrower or any other Subsidiary, except for such encumbrances or restrictions existing under or by reason of any restrictions existing under the Loan Documents.

Appears in 1 contract

Samples: Revolving Credit and Guarantee Agreement (Impath Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!