Common use of Limitations on Upstreaming Clause in Contracts

Limitations on Upstreaming. Enter into any agreement restricting or limiting the payment of dividends or other distributions or the transfer of assets from any Subsidiary to the Borrower or to any other Subsidiary owning Subsidiary Securities of such Subsidiary. 93 100 ARTICLE XI

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

AutoNDA by SimpleDocs

Limitations on Upstreaming. Enter Except as otherwise permitted herein, enter into any agreement restricting or limiting the payment of dividends or other distributions or the transfer of assets from any Subsidiary to the any Borrower or Guarantor or to any other Subsidiary owning Subsidiary Securities of such Subsidiary. 93 100 ARTICLE XI.

Appears in 1 contract

Samples: Credit Agreement (Consoltex Usa Inc)

Limitations on Upstreaming. Enter into any agreement restricting or limiting the payment of dividends or other distributions or the transfer of assets from any Subsidiary to the Borrower or to any other Subsidiary owning Subsidiary Securities of such Subsidiary. 93 100 ARTICLE XI; provided that the foregoing shall not apply to restrictions or conditions (i) imposed by law or any Loan Document,

Appears in 1 contract

Samples: Credit Agreement (Autonation, Inc.)

AutoNDA by SimpleDocs

Limitations on Upstreaming. Enter into any agreement restricting or limiting the payment of dividends or other distributions or the transfer of assets from any Subsidiary to the Borrower or to any other Subsidiary owning Subsidiary Securities of such Subsidiary. 93 100 ARTICLE XI.

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

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