Common use of No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions Clause in Contracts

No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package and the Prospectus, and except as such limitations would not, taken as a whole, be material to the Company.

Appears in 12 contracts

Samples: Underwriting Agreement (Modiv Inc.), Underwriting Agreement (Modiv Inc.), Underwriting Agreement (Modiv Inc.)

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No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package ) and the Prospectus, and except as such limitations would not, taken as a whole, be material to the Company.

Appears in 3 contracts

Samples: Equity Distribution Agreement (American Finance Trust, Inc), Equity Distribution Agreement (American Finance Trust, Inc), Equity Distribution Agreement (American Finance Trust, Inc)

No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Except as disclosed in the Registration Statement, no Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stockstock or other equity interests, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package and the Prospectus, and except as such limitations would not, taken as a whole, be material to the CompanySubsidiary.

Appears in 3 contracts

Samples: Underwriting Agreement (First Potomac Realty Trust), Underwriting Agreement (First Potomac Realty Trust), Underwriting Agreement (First Potomac Realty Trust)

No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stockstock or equity interests, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package ) and the Prospectus, and except as such limitations would not, taken as a whole, be material expected to the Companyhave a Material Adverse Effect.

Appears in 2 contracts

Samples: Dealer Manager Agreement (New York City REIT, Inc.), Equity Distribution Agreement (New York City REIT, Inc.)

No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stockstock or other equity interests, from repaying to the Company any loans or advances to such Subsidiary from the Company or or, except as described in the Registration Statement, the General Disclosure Package and the Prospectus, from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package and the Prospectus, and except as such limitations would not, taken as a whole, be material to the CompanySubsidiary.

Appears in 1 contract

Samples: Underwriting Agreement (Syntroleum Corp)

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No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except for restrictions contained in financing agreements or as described in each of the Registration Statement (excluding the exhibits thereto), the Disclosure Package Time of Sale Prospectus and the Prospectus, and except as such limitations would not, taken as a whole, be material to the Company.

Appears in 1 contract

Samples: Underwriting Agreement (BFC Financial Corp)

No Prohibition on Subsidiaries from Paying Dividends or Making Other Distributions. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stockstock or other equity interests, from repaying to the Company any loans or advances to such Subsidiary from the Company or or, except as described in the Registration Statement, the General Disclosure Package and the Prospectus, from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of Subsidiary, except, in each case, as would otherwise be prohibited under the Company, except as described in the Registration Statement (excluding the exhibits thereto), the Disclosure Package and the Prospectus, and except as such limitations would not, taken as a whole, be material to the CompanyDelaware General Corporation Law or by laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Underwriting Agreement (Raptor Pharmaceutical Corp)

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