Common use of Payment of Dividends by Subsidiaries Clause in Contracts

Payment of Dividends by Subsidiaries. The Company will cause its ------------------------------------ Subsidiaries to pay dividends or make other distributions or advances to the Company, to the extent of funds legally available therefor and to the extent permitted by the Revolving Credit Facility, in sufficient amounts and at sufficient times to enable the Company to have sufficient earnings and funds to pay on a timely basis all amounts due with respect to Senior Indebtedness and the Notes and any other amounts due under this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (Bet Associates Lp), Purchase Agreement (Westower Corp)

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Payment of Dividends by Subsidiaries. The Company will cause its ------------------------------------ Subsidiaries to pay dividends or make other distributions or advances to the Company, to the extent of funds legally available therefor and to the extent permitted by the Revolving Credit Facilitytherefor, in sufficient amounts and at sufficient times to enable the Company to have sufficient earnings and funds to pay on a timely basis all amounts due with respect to Senior Indebtedness and the Notes and any other amounts due under this AgreementAgreement or the other Loan Documents.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Medar Inc)

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Payment of Dividends by Subsidiaries. The Except as restricted by applicable law or contract, each Company will cause its ------------------------------------ Subsidiaries to pay dividends or make other distributions or advances to the such Company, to the extent of funds legally available therefor and to the extent permitted by the Revolving Senior Credit Facility, in sufficient amounts and at sufficient times to enable the such Company to have sufficient earnings and funds to pay on a timely basis all amounts due with respect to Senior Indebtedness and the Notes and any other amounts due under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Ubiquitel Inc)

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