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 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 as described in or contemplated by the Prospectus or as provided in the Debt Facilities (as defined in the Prospectus) and the note purchase agreements executed in connection with the Company's September 2004 and August 2005 unsecured note offerings.

Appears in 2 contracts

Samples: Underwriting Agreement (American Capital Strategies LTD), American Capital Strategies LTD

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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 ’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 ’s property or assets to the Company or any other subsidiary of the Company, except as described in or contemplated by the Prospectus or as provided in the Debt Facilities (as defined in the Prospectus) and the note purchase agreements executed in connection with the Company's ’s September 2004 and August 2005 unsecured note offerings.

Appears in 1 contract

Samples: American Capital Strategies LTD

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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 as described in or contemplated by the most recent Preliminary Prospectus and the Prospectus or as provided in the Debt Facilities (as defined in the Prospectus) and the note purchase agreements executed in connection with the Company's September 2004 and August 2005 unsecured note offerings.

Appears in 1 contract

Samples: American Capital Strategies LTD

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