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 Corporation to (x) pay dividends or make other distributions on such Subsidiary's capital stock or to pay any indebtedness to the Corporation or any other Subsidiary of the Corporation, (y) make loans or advances or pay any indebtedness to, or investments in, the Corporation or any other Subsidiary or (z) transfer any of its property or assets to the Corporation or any other Subsidiary of the Corporation.

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 and Disclosure Package, there is no encumbrance or restriction on the ability of any Subsidiary or Partnership of the Corporation Company to (xi) pay dividends or make other distributions on such Subsidiary's or Partnership's capital stock or equity, membership or partnership interest or to pay any indebtedness to the Corporation Company or any other Subsidiary or Partnership of the CorporationCompany, (yii) make loans or advances or pay any indebtedness to, or investments in, the Corporation Company or any other Subsidiary or Partnership or (ziii) transfer any of its property or assets to the Corporation Company or any other Subsidiary or Partnership of the CorporationCompany.

Appears in 2 contracts

Samples: Equity Distribution Agreement (High Tide Inc.), Equity Distribution Agreement (High Tide Inc.)

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 Corporation Company to (x) pay dividends or make other distributions on such Subsidiary's ’s capital stock or to pay any indebtedness to the Corporation Company or any other Subsidiary of the CorporationCompany, (y) make loans or advances or pay any indebtedness to, or investments in, the Corporation Company or any other Subsidiary or (z) transfer any of its property or assets to the Corporation Company or any other Subsidiary of the CorporationCompany.

Appears in 2 contracts

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

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 Corporation Company to (x) pay dividends or make other distributions on such Subsidiary's ’s capital stock or equity or membership interest or to pay any indebtedness to the Corporation Company or any other Subsidiary of the CorporationCompany, (y) make loans or advances or pay any indebtedness to, or investments in, the Corporation Company or any other Subsidiary or (z) transfer any of its property or assets to the Corporation Company or any other Subsidiary of the CorporationCompany.

Appears in 1 contract

Samples: Sales Agreement (Standard Lithium Ltd.)

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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 Corporation Company to (x) pay dividends or make other distributions on such Subsidiary's capital stock or to pay any indebtedness to the Corporation Company or any other Subsidiary of the CorporationSubsidiary, (y) make loans or advances or pay any indebtedness to, or investments in, the Corporation Company or any other Subsidiary or (z) transfer any of its property or assets to the Corporation Company or any other Subsidiary of the CorporationSubsidiary.

Appears in 1 contract

Samples: Underwriting Agreement (Organigram Holdings Inc.)

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