Restrictions on Payments. An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed.
Restrictions on Payments. The obligation to pay royalties to KOSAN under this AGREEMENT shall be waived and excused to the extent that applicable statutes, laws, codes or government regulations in a particular country prevent such royalty payments; provided, however, in such event, if legally permissible, LICENSEE shall pay the royalties owed to KOSAN by depositing such amounts, to the credit and account of KOSAN or its nominee in any commercial bank or trust company of KOSAN's choice located in that country, prompt notice of which shall be given by ORTHO to KOSAN.
Restrictions on Payments payment in full of such amounts at all such offices is illegal or effectively precluded by exchange controls or other similar restrictions on payment or receipt of such amounts; and
Restrictions on Payments. The obligation to pay royalties under this ------------------------ Agreement shall be waived and excused to the extent that statutes, laws, codes or government regulations in a parti cular country prevent such royalty payments; provided, however, in such event, if legally permissible, Warner shall pay the royalties owed to GenVec by depositing such amounts in a bank account in such country that has been designated by GenVec and promptly report such payment to GenVec.
Restrictions on Payments. Notwithstanding any provision of the Subordinated Instruments to the contrary and in addition to any other limitations set forth herein or therein, no payment of principal, interest, dividends, fees or any other amount due with respect to the Subordinated Obligations shall be made, and no Subordinated Holder shall exercise any right of set-off (other than a set-off by Senior Subordinated Lender of the exercise price of the warrant issued to it by Parent on the Closing Date against the Senior Subordinated Indebtedness provided the amount of such set-off does not exceed $3,500 in the aggregate) or recoupment with respect to any Subordinated Obligations, until all of the Senior Indebtedness is paid in full, except that, subject to the proviso at the end of this Section 2.2, (i) on April 1, 1996, Borrower may make and the applicable Subordinated Holder may receive and retain all Subordinated Payments accrued through March 31, 1996 and (ii) on the first Business Day after the end of each Fiscal Quarter commencing with the Fiscal Quarter ending June 30, 1996 Borrower may make and the applicable Subordinated Holder may receive and retain accrued and unpaid Subordinated Payments in an aggregate amount not to exceed Available Cash as of the most recent Determination Date in the following order of priority:
(a) first, all accrued and unpaid Senior Subordinated Payments;
(b) second, all accrued and unpaid Junior Subordinated Payments; and
(c) third, all accrued and unpaid Preferred Dividends and Incentive Management Fees, pro rata to the aggregate amount thereof then outstanding; provided, that in the event that due to the payment restrictions of this Section 2.2 any Junior Subordinated Payments, Preferred Dividends or Incentive Management Fees have accrued with respect to any prior Fiscal Quarter and remain unpaid, no Junior Subordinated Payments, Preferred Dividends and Incentive Management Fees shall be paid except to the extent of any Cash Overage.
Restrictions on Payments. Neither Party is subject to any regulation or law (including sanctions) which would have the effect of prohibiting, or restricting or delaying in any material respect any payment that it is required to make or receive pursuant to the terms of this Agreement.
Restrictions on Payments. (a) CCC will pay only for services authorized by CCC in writing.
(b) No charge will be payable to the warehouse operator:
(i) By a subsequent holder of the warehouse receipts representing cotton previously owned by CCC for any charges not authorized by this Agreement for services performed with respect to such cotton prior to the time it was pledged to CCC;
(ii) By a subsequent holder of the warehouse receipts representing cotton which had been covered by this Agreement for standard density compression, regardless of where such compression was performed, if such cotton has been compressed to a higher density; or
(iii) By CCC or a subsequent holder of the warehouse receipt for storage or handling of samples drawn on arrival or the inbound drayage from rail facilities, unless such charge was incurred at the request of CCC.
Restrictions on Payments. No Covenant Group Obligor shall, and each Covenant Group Obligor shall procure that no member of the UK Group shall, enter into any restrictions on the ability of any member of the UK Group to pay dividends, to make loans to, repay or prepay loans made by, or transfer assets to, the Borrower or any other member of the UK Group, except for (a) the restrictions set forth in the Senior Bank Credit Agreement as in effect on the Execution Date; (b) restrictions entered into in connection with the incurrence of Financial Indebtedness incurred pursuant to clause (i) or clause (m) of the definition of Permitted Indebtedness provided that such restrictions are no more restrictive than those set forth in the Senior Bank Credit Agreement as in effect on the Execution Date; (c) restrictions imposed by applicable law; and (d) customary non assignment provisions in leases entered into in the ordinary course of business and consistent with past practice.
Restrictions on Payments. Notwithstanding any other provisions of this Acquisition Agreement, the following restrictions shall apply to any payments made to the Owner:
Restrictions on Payments. BLE, PTE and any parent or affiliated company shall not declare or pay any dividend, distribution, or return of capital prior to the expiration of the term of the Concessionary Period. For the avoidance of doubt, the previous sentence shall not be construed to affect the ability of BLE to make payments of principal and interest in the ordinary course of business to its secured creditors.
