Common use of No Limitation on Payments Clause in Contracts

No Limitation on Payments. Except as otherwise disclosed in the Registration Statement, Prospectuses and Disclosure Package, there is no encumbrance or restriction on the ability of any Subsidiary of the Company to (x) pay dividends or make other distributions on such Subsidiary’s capital stock or to pay any indebtedness to the Company or any other Subsidiary of the Company, (y) make loans or advances or pay any indebtedness to, or investments in, the Company or any other Subsidiary or (z) transfer any of its property or assets to the Company or any other Subsidiary of the Company.

Appears in 2 contracts

Samples: Sales Agreement (Aurora Cannabis Inc), Sales Agreement (Aurora Cannabis Inc)

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No Limitation on Payments. Except as otherwise disclosed in the Registration Statement, Prospectuses and Disclosure Package, there is no encumbrance or restriction on the ability of any Subsidiary of the Company Corporation to (x) pay dividends or make other distributions on such Subsidiary’s 's capital stock or to pay any indebtedness to the Company Corporation or any other Subsidiary of the CompanyCorporation, (y) make loans or advances or pay any indebtedness to, or investments in, the Company Corporation or any other Subsidiary or (z) transfer any of its property or assets to the Company Corporation or any other Subsidiary of the CompanyCorporation.

Appears in 2 contracts

Samples: Equity Distribution Agreement (Organigram Holdings Inc.), Equity Distribution Agreement (Organigram Holdings Inc.)

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No Limitation on Payments. Except as otherwise disclosed in the Registration Statement, Prospectuses Statement and Disclosure PackageProspectuses, there is no encumbrance or restriction on the ability of any Subsidiary of the Company to (x) pay dividends or make other distributions on such Subsidiary’s 's capital stock or to pay any indebtedness to the Company or any other Subsidiary of the CompanySubsidiary, (y) make loans or advances or pay any indebtedness to, or investments in, the Company or any other Subsidiary or (z) transfer any of its property or assets to the Company or any other Subsidiary of the CompanySubsidiary.

Appears in 1 contract

Samples: Underwriting Agreement (Organigram Holdings Inc.)

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