Common use of Restricted Distributions Clause in Contracts

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 Agreement (Steel Connect, Inc.)

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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, 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 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”) at any given time:

Appears in 1 contract

Samples: Credit Agreement (Cyberonics 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: Subordinated Note Purchase Agreement (Rand Logistics, Inc.)

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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; provided that the foregoing shall not restrict or prohibit any Subsidiary from making dividends or distributions, except for Permitted Distributions.directly or indirectly, to Borrower and shall not restrict or prohibit dividends or distributions, directly or indirectly, to Holdings at such times and in such amounts as are necessary to permit:

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, 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

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