Common use of No Impairment of Intercompany Transfers Clause in Contracts

No Impairment of Intercompany Transfers. Except in connection with any transaction contemplated in any of the Transaction Agreements, the Company shall not permit any of its Subsidiaries to directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by any of its Subsidiaries to another Subsidiary of the Company or the Company.

Appears in 5 contracts

Samples: Master Transaction Agreement (Ion Media Networks Inc.), Master Transaction Agreement (Cig Media LLC), Stockholders’ Agreement (NBC Universal, Inc.)

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No Impairment of Intercompany Transfers. Except in connection with any transaction contemplated in any of the Transaction Agreements, the Company shall not permit any of its Subsidiaries Company Subsidiary to directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by any of its Subsidiaries Company Subsidiary to another Company Subsidiary of the Company or the Company.

Appears in 2 contracts

Samples: Investment Agreement (Paxson Communications Corp), Investment Agreement (NBC Universal, Inc.)

No Impairment of Intercompany Transfers. Except in connection with any transaction contemplated in any of the Transaction Agreements, the The Company shall not permit any of its Subsidiaries Company Subsidiary to directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by any of its Subsidiaries Company Subsidiary to another Company Subsidiary of the Company or the Company.

Appears in 1 contract

Samples: Investment Agreement (Paxson Communications Corp)

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No Impairment of Intercompany Transfers. Except in connection with any transaction contemplated in any of the Transaction Agreements, the The Company shall not not, nor shall it permit any of its Subsidiaries subsidiary to directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Transaction Documents) which could directly or indirectly restrict, prohibit or require the consent of any Person person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by any of its Subsidiaries a subsidiary to another Subsidiary of the Company or the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Groen Brothers Aviation Inc /Ut/)

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