Limitation on Restrictions on Subsidiary Dividends and Other Distributions. The Company shall not permit any of its Subsidiaries, directly or indirectly, to create or suffer to exist or become effective any encumbrances or restrictions on the ability of any of its Subsidiaries to (i) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profit owned by any of the Company or any of its Subsidiaries, or pay any indebtedness owed by any of the Subsidiaries, (ii) make loans or advances to the Company, or (iii) transfer any of its properties or assets to the Company.
Appears in 5 contracts
Samples: Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Securities Purchase and Redemption Agreement (Sybari Software, Inc.), Series a Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc)
Limitation on Restrictions on Subsidiary Dividends and Other Distributions. The Except as set forth on Schedule 4.3, the Company shall not permit any of its Subsidiaries, directly or indirectly, to create or suffer to exist or become effective any encumbrances Encumbrances or restrictions on the ability of any of its Subsidiaries to (i) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profit owned by any of the Company or any of its Subsidiaries, or pay any indebtedness owed by any of the Subsidiaries, (ii) make loans or advances to the Company, or (iii) transfer any of its properties or assets to the Company.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Lecroy Corp), Stock Purchase Agreement (Lecroy Corp), Stock Purchase Agreement (CVC Inc)
Limitation on Restrictions on Subsidiary Dividends and Other Distributions. The Company shall not, and shall not permit any of its SubsidiariesSubsidiaries to, directly or indirectly, to create or suffer cause to exist or become effective any encumbrances or restrictions on the ability of any of its Subsidiaries to (i) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profit owned by any of the Company or any of its Subsidiaries, or pay any indebtedness owed by any of the Subsidiaries, (ii) make loans or advances to the Company, or (iii) transfer any of its properties or assets to the Company.
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