Common use of Limits on Distributions Clause in Contracts

Limits on Distributions. The Borrower shall not make or permit any Subsidiary to make any Distributions other than Permitted Distributions.

Appears in 3 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Facilities (Hammerhead Energy Inc.), Credit Agreement (Hammerhead Energy Inc.)

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Limits on Distributions. The Borrower shall not make make, or permit any Subsidiary to make any Distributions other than Permitted Distributions.

Appears in 2 contracts

Samples: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)

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Limits on Distributions. The Except for Permitted Distributions, the Borrower shall not make or permit any Subsidiary to make any Distributions other than Permitted Distributions.

Appears in 2 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

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