Common use of Restricted Payment Clause in Contracts

Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) Distribution or (b) payment or prepayment by the Borrower or any Subsidiary to any shareholder of the Borrower or to any other Affiliate of a shareholder of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Varian Semiconductor Equipment Associates Inc)

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Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) Distribution or Distribution; (b) any payment by the Borrower on the Management Subscription Notes or prepayment (c) payment by the Borrower or any Subsidiary of its Subsidiaries to any shareholder of the Borrower Holdings or to any other Affiliate of a shareholder the Borrower or Holdings other than payments to Affiliates (other than Holdings) for goods and services in the ordinary course of the Borrowerbusiness on terms equivalent to those obtainable in arms length transactions.

Appears in 1 contract

Samples: Revolving Credit Agreement (Jordan Telecommunication Products Inc)

Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) ------------------ any Distribution or (b) any payment or prepayment transfer of property by the Borrower or any Subsidiary its Subsidiaries to any shareholder of the Borrower Holdings or to any other Affiliate of a shareholder of the BorrowerBorrower or Holdings.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) Distribution or (b) payment or prepayment by the Borrower or any Subsidiary its Subsidiaries to the Borrower's shareholders or to any shareholder Affiliate of the Borrower or to any other Affiliate of a shareholder of the Borrower's shareholders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cabot Microelectronics Corp)

Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) Distribution or Distribution; (b) payment or prepayment by the Borrower or any Subsidiary of its Subsidiaries to any shareholder Affiliate other than payments to such Affiliates for goods and services in the ordinary course of business on terms equivalent to those obtainable in arms length transactions Revolving Credit Loans. Revolving credit loans made or to be made by the Banks to the Borrower or pursuant to any other Affiliate of a shareholder of the Borrower§3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

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Restricted Payment. In relation to the Borrower and its Subsidiaries, any (a) any Distribution or (b) any payment or prepayment transfer of property by the Borrower or any Subsidiary its Subsidiaries to any shareholder of the Borrower Holdings or to any other Affiliate of a shareholder of the BorrowerBorrower or Holdings.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Restricted Payment. In relation As to the Borrower and its Subsidiaries, any (a) Distribution or Distribution, (b) any payment or prepayment by the Borrower or any Subsidiary its Subsidiaries to the Parent or to any shareholder Affiliate of the Borrower or the Parent (other than a payment to any other Affiliate of a shareholder Subsidiary of the Borrower which is a Guarantor or the Borrower) or (c) any payment in respect of any Indebtedness which is subordinated in right of payment by its terms to the repayment of the applicable Obligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rti Capital Corp)

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