Common use of Prohibition on Division/Series Transactions Clause in Contracts

Prohibition on Division/Series Transactions. For the avoidance of doubt, notwithstanding anything to the contrary contained in this Section 8 or any other provision in this Agreement or any other Loan Document, (a) no Loan Party shall enter into (or agree to enter into) any Division/Series Transaction, or permit any of its Restricted Subsidiaries to enter into (or agree to enter into), any Division/Series Transaction and (b) none of the provisions in this Section 8 nor any other provision in this Agreement nor any other Loan Document, shall be deemed to permit any Division/Series Transaction, in the case of each of the preceding clauses (a) and/or (b), without the prior written consent of the Lenders obtained in compliance with subsection 11.1.

Appears in 2 contracts

Samples: Term Loan Exchange Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)

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Prohibition on Division/Series Transactions. For the avoidance of doubt, notwithstanding Notwithstanding anything to the contrary contained in this Section 8 or any other provision in this Agreement or any other Loan Credit Document, (a) no Loan Credit Party shall enter into (or agree to enter into) any Division/Series Transaction, or permit any of its Restricted Subsidiaries to enter into (or agree to enter into), any Division/Series Transaction and (b) none of the provisions in this Section 8 nor any other provision in this Agreement nor any other Loan Credit Document, shall be deemed to permit any Division/Series Transaction, in the case of each of the preceding clauses (a) and/or (b), without the prior written consent of the Lenders obtained in compliance with subsection 11.1Section 11.12.

Appears in 2 contracts

Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)

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Prohibition on Division/Series Transactions. For the avoidance of doubt, notwithstanding anything to the contrary contained in this Section 8 6 or any other provision in this Agreement or any other Loan Credit Document, (a) no Loan Credit Party shall enter into (or agree to enter into) any Division/Series Transaction, or permit any of its Restricted Subsidiaries to enter into (or agree to enter into), any Division/Series Transaction and (b) none of the provisions in this Section 8 6 nor any other provision in this Agreement nor any other Loan Credit Document, shall be deemed to permit any Division/Series Transaction, in the case of each of the preceding clauses (a) and/or (b), without the prior written consent of the Lenders obtained in compliance with subsection 11.1Section 10.5.” (p) Section 10 of the Credit Agreement is hereby amended by inserting the following new Section 10.31 at the end thereof:

Appears in 1 contract

Samples: First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)

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