Common use of Restricted Payments and Purchases Clause in Contracts

Restricted Payments and Purchases. The Borrower shall not, and shall not permit any of the Borrower's Subsidiaries to, directly or indirectly declare or make any Restricted Payment or Restricted Purchase; provided, however, that the Borrower may make payments required under the Management and Services Agreement and the Employment Agreement.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

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Restricted Payments and Purchases. The Borrower shall not, and shall not permit any of the Borrower's its Subsidiaries to, directly or indirectly declare or make any Restricted Payment or Restricted Purchase, or set aside any funds for any such purpose; provided, however, that the any Subsidiary of Borrower or Borrower may make payments required under the Management and Services Agreement and the Employment AgreementRestricted Payments to Borrower or a Subsidiary of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Lendingtree Inc)

Restricted Payments and Purchases. The Borrower shall not, and shall cause each of its Subsidiaries not permit any of the Borrower's Subsidiaries to, directly or indirectly declare or make any Restricted Payment or Restricted Purchase; provided, however, that the Borrower may make payments required under the Management and Services Agreement and the Employment Agreement.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (State Communications Inc)

Restricted Payments and Purchases. The Borrower shall notnot directly or indirectly declare or make, and shall not permit any of the Borrower's Subsidiaries to, to directly or indirectly declare or make make, any Restricted Payment or Restricted Purchase, or set aside any funds for any such purpose; provided, however, that the Borrower Borrower's Subsidiaries may make payments required under Restricted Payments to the Management and Services Agreement and the Employment AgreementBorrower.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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Restricted Payments and Purchases. The Borrower shall not, --------------------------------- and shall not permit any of the Borrower's its Subsidiaries to, directly or indirectly declare or make any Restricted Payment or Restricted Purchase; provided, however, except that Subsidiaries of the Borrower may make payments required under Restricted Payments to the Management Borrower and Services Agreement to other wholly-owned Subsidiaries of the Borrower, and except further that the Employment Agreement.Borrower may:

Appears in 1 contract

Samples: Loan Agreement (Cencom Cable Entertainment Inc /New)

Restricted Payments and Purchases. The --------------------------------- Borrower shall not, and shall not permit any of the Borrower's its Subsidiaries to, directly or indirectly declare or make any Restricted Payment or Restricted Purchase; provided, howeveror set aside any funds for any such purpose, except that any of the Borrower Borrower's wholly-owned Subsidiaries may make payments required under pay dividends solely to the Management and Services Agreement and the Employment AgreementBorrower.

Appears in 1 contract

Samples: Loan Agreement (Metrotrans Corp)

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