Restricted Payments; Restrictions on Subsidiary Distributions. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Junior Payment except the following shall be permitted:
Appears in 5 contracts
Samples: Credit and Guaranty Agreement (Xo Communications Inc), Credit and Guaranty Agreement (Focal Communications Corp), Credit and Guaranty Agreement (Nextlink Communications Inc /De/)
Restricted Payments; Restrictions on Subsidiary Distributions. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Junior Payment except the following shall be permitted:Payment.
Appears in 1 contract
