Common use of Restricted Payments and Purchases Clause in Contracts

Restricted Payments and Purchases. The Borrower shall not directly or indirectly declare or make, and shall not permit any of the Borrower's 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, the Borrower's Subsidiaries may make Restricted Payments to the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Zenith Electronics Corp), Credit Agreement (Zenith Electronics Corp)

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Restricted Payments and Purchases. The Borrower shall not directly or indirectly declare or makenot, and shall not permit any of the Borrower's its 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, the Borrower's Subsidiaries that any Subsidiary of Borrower or Borrower may make Restricted Payments to the Borrower or a Subsidiary of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Lendingtree Inc)

Restricted Payments and Purchases. The --------------------------------- Borrower shall not directly or indirectly declare or makenot, and shall not permit any of the Borrower's its 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, except that any of the Borrower's wholly-owned Subsidiaries may make Restricted Payments pay dividends solely to the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Metrotrans Corp)

Restricted Payments and Purchases. The Borrower shall not, and shall cause each of its Subsidiaries not to, directly or indirectly declare or make, and shall not permit any of the Borrower's Subsidiaries 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, the Borrower's Subsidiaries may make Restricted Payments to the Borrower.

Appears in 1 contract

Samples: Loan Agreement (State Communications Inc)

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Restricted Payments and Purchases. The Borrower shall not directly or indirectly declare or makenot, 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's Subsidiaries Borrower may make Restricted Payments to payments required under the BorrowerManagement and Services Agreement and the Employment Agreement.

Appears in 1 contract

Samples: Loan Agreement (Associated Group Inc)

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