Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions.
Appears in 24 contracts
Samples: Credit and Security Agreement (Aterian, Inc.), Credit and Security Agreement (Mohawk Group Holdings, Inc.), Credit and Security Agreement (Steel Connect, Inc.)
Restricted Distributions. No Borrower Obligor will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except except, provided there exists no Default or Event of Default, for Permitted Distributions.
Appears in 5 contracts
Samples: Note Purchase Agreement (Staffing 360 Solutions, Inc.), Note Purchase Agreement (Staffing 360 Solutions, Inc.), Note Purchase Agreement
Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution; provided, except for Permitted Distributions.however, that the following Restricted Distributions may be paid (each, an “Allowed Distribution”): (a) at any time, dividends may be paid by any Borrower that is a Subsidiary of another Borrower to such parent Borrower (and/or to any intermediate Subsidiary of such Borrower);
Appears in 2 contracts
Samples: Credit and Security Agreement (Monogram Biosciences, Inc.), Credit and Security Agreement (Advancis Pharmaceutical Corp)
Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, to declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions.
Appears in 1 contract
Samples: Credit Agreement (Pernix Therapeutics Holdings, Inc.)
Restricted Distributions. No Borrower willwill not, or and will not permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions; provided that the foregoing shall not restrict or prohibit Borrower or its Subsidiaries from making any Restricted Distributions at such times and in such amounts as are necessary to permit Restricted Distributions permitted by the Senior Credit Agreement as in effect on the date hereof.
Appears in 1 contract
Samples: Senior Subordinated Note Purchase Agreement (Rand Logistics, Inc.)
Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, Distribution except for Permitted Distributionsas provided on Schedule 5.8.
Appears in 1 contract
Samples: Credit and Security Agreement
