Common use of No Restrictions on Distributions Clause in Contracts

No Restrictions on Distributions. No Subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Prospectus and (ii) upon an event of default under the Credit Facility.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

AutoNDA by SimpleDocs

No Restrictions on Distributions. No Subsidiary subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Prospectus and (ii) upon an event of default under the Bridge Loan or the Credit Facility.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

No Restrictions on Distributions. No Subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s 's equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s 's property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Prospectus and (ii) upon an event of default under the Credit Facility.

Appears in 1 contract

Samples: Guaranty Agreement (Buckeye Partners L P)

No Restrictions on Distributions. No Subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Registration Statement, the Basic Prospectus and the Prospectus and (ii) upon an event of default under the Credit Facility.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

AutoNDA by SimpleDocs

No Restrictions on Distributions. No Subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Prospectus and (ii) upon an event of default under the Credit Facility.

Appears in 1 contract

Samples: Underwriting Agreement (Buckeye Partners L P)

No Restrictions on Distributions. No Subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends to the Partnership, from making any other distribution on such subsidiary’s 's equity, from repaying to the General Partner or the Partnership any loans or advances to such subsidiary from the General Partner or the Partnership or from transferring any of such subsidiary’s 's property or assets to the General Partner or the Partnership or any other subsidiary of the Partnership, except (i) as described in or contemplated by the Final Prospectus and (ii) upon an event of default under the Bridge Loan or the Credit Facility.

Appears in 1 contract

Samples: Buckeye Partners L P

Time is Money Join Law Insider Premium to draft better contracts faster.