Common use of Restricted Payments and Restricted Purchases Clause in Contracts

Restricted Payments and Restricted Purchases. The Borrower shall not directly or indirectly, declare or make any Restricted Payment or Restricted Purchase, except that the Borrower may declare and make Restricted Payments and make Restricted Purchases, in each case, so long as no Default then exists or would be caused thereby.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (KEMPER Corp), Credit Agreement (KEMPER Corp), Credit Agreement (KEMPER Corp)

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Restricted Payments and Restricted Purchases. The Borrower shall not directly or indirectly, declare or make any Restricted Payment or Restricted Purchase, except that the Borrower may declare and make Restricted Payments and make Restricted Purchases, in each case, so long as no Default or Unmatured Default then exists or would be caused thereby.

Appears in 3 contracts

Samples: Credit Agreement (Unitrin Inc), Credit Agreement (Unitrin Inc), Exhibits and Schedules (Unitrin Inc)

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