Common use of Payment of Dividends by Subsidiaries Clause in Contracts

Payment of Dividends by Subsidiaries. The Company will not and will not permit any Subsidiary to enter into any agreement which restricts the ability of any Subsidiary to declare any dividend or to make any distribution on any Equity Interest of such Subsidiary, other than the restrictions set forth in Schedule 6.11.

Appears in 5 contracts

Samples: Credit Agreement (Servicemaster LTD Partnership), Assignment Agreement (Servicemaster Co), Assignment Agreement (Servicemaster Co)

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Payment of Dividends by Subsidiaries. The Company will not not, and will not permit any Subsidiary of its Subsidiaries to, be subject to or enter into any agreement which restricts the ability of any Subsidiary of the Company to declare or pay any dividend or to the Company, to make any distribution on any Equity Interest of such SubsidiarySubsidiary to the Company, other than or to lend money to the restrictions set forth in Schedule 6.11Company.

Appears in 3 contracts

Samples: Note Purchase Agreement (Heritage Propane Partners L P), Note Purchase Agreement (Heritage Propane Partners L P), Note Purchase Agreement (Heritage Propane Partners L P)

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Payment of Dividends by Subsidiaries. The Company will not and will not permit any Material Subsidiary to enter into any agreement which restricts the ability of any Material Subsidiary to declare any dividend or to make any distribution on any Equity Interest of such Subsidiary, other than the restrictions set forth in Schedule 6.11.

Appears in 1 contract

Samples: Credit Agreement (Servicemaster Co)

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