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 SEI or to any other Subsidiary owning Subsidiary Securities of such Subsidiary.

Appears in 4 contracts

Samples: Credit Agreement (Stewart Enterprises Inc), Credit Agreement (Stewart Enterprises Inc), Credit Agreement (Stewart Enterprises Inc)

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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 SEI 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)

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 SEI any Borrower or Guarantor or to any other Subsidiary owning Subsidiary Securities of such Subsidiary.

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 SEI the Borrower or to any other Subsidiary owning Subsidiary Securities of such Subsidiary.; 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.)

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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 SEI the Borrower or to any other Subsidiary owning Subsidiary Securities of such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Uti Corp)

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