Common use of Restrictions on Subsidiaries Clause in Contracts

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 17 contracts

Samples: Loan and Security Agreement (Impreso Inc), Loan and Security Agreement (Swank Inc), Loan and Security Agreement (Value Financial Services, Inc.)

AutoNDA by SimpleDocs

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 6 contracts

Samples: Loan and Security Agreement (Reptron Electronics Inc), Loan and Security Agreement (Pacific Ethanol, Inc.), Loan and Security Agreement (Reptron Electronics Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower Borrowers permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any Subsidiaries of its Subsidiaries any Borrower which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of any Borrower or (b) the ability of any Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 4 contracts

Samples: Loan and Security Agreement (Delta Apparel, Inc), Loan and Security Agreement (Delta Apparel, Inc), Loan and Security Agreement (Delta Apparel Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement Agreement, the Securitization Documents or any other agreement with respect to Indebtedness of Borrower Borrowers permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between such Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of such Borrower or (b) the ability of such Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Guess Inc Et Al/Ca/), Loan and Security Agreement (Guess Inc Et Al/Ca/), Loan and Security Agreement (Guess Inc Et Al/Ca/)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of any Borrower or (b) the ability of any Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.), Loan and Security Agreement (Kirklands Inc), Loan and Security Agreement (Kirklands Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower or Guarantor permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries Guarantor which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or Guarantor or (b) the ability of any Borrower or any of its Subsidiaries Guarantor to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Travelcenters of America LLC), Loan and Security Agreement (Travelcenters of America LLC)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of any Borrower or (b) the ability of any Borrower or any of its Subsidiaries to incur Indebtedness the Obligations or grant security interests to Agent or any Lender in the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Loan and Security Agreement (Lexington Precision Corp)

Restrictions on Subsidiaries. Except for restrictions contained in this Loan Agreement or any other agreement with respect to Indebtedness of Borrower the Borrowers permitted hereunder as in effect on the date hereofhereunder, there are no contractual or consensual restrictions on Borrower the Borrowers or any of its their Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower the Borrowers and any of its Subsidiaries their Subsidiaries; or (ii) between any Subsidiaries of Borrower the Borrowers; or (b) the ability of Borrower the Borrowers or any of its their Subsidiaries to incur Indebtedness or grant security interests to the Lender in the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Coachmen Industries Inc), Loan Agreement (Coachmen Industries Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between such Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of such Borrower or (b) the ability of such Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender Agent, for itself and the ratable benefit of Lenders, in the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (MTS Inc), Loan and Security Agreement (Rockford Corp)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower or any of its Subsidiaries permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Anchor Glass Container Corp /New), Loan and Security Agreement (Anchor Glass Container Corp /New)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of the Borrower or any of its Subsidiaries permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on the Borrower or any of its Subsidiaries which prohibit or otherwise restrict (ai) the transfer of cash or other assets (i) between Borrower any Subsidiaries and any of its Subsidiaries Credit Party or (ii) between any Subsidiaries of Borrower or (b) the ability of the Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to the Administrative Agent or any Lender in the Collateral, other than such restrictions as are permitted by Section 6.16.

Appears in 2 contracts

Samples: Credit Agreement (Hhgregg, Inc.), Credit Agreement (Hhgregg, Inc.)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries (other than a Foreign Subsidiary) which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Pemstar Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i1) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Converse Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the CollateralCollateral or in any other property which is security for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Quad Systems Corp /De/)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its or their Subsidiaries or (ii) between any Subsidiaries of any Borrower or (b) the ability of any Borrower or any of its or their Subsidiaries to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Stein Mart Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on in any Material Contract or charter document of Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender Administrative and Collateral Agent, for itself and the ratable benefit of the Lenders and the Bank Product Providers, in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower Borrowers permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its their Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its their Subsidiaries or (ii) between any Subsidiaries of Borrower Borrowers or (b) the ability of any Borrower or any of its their Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Clean Harbors Inc)

AutoNDA by SimpleDocs

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower the Borrowers permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower the Borrowers or any of its their Subsidiaries which prohibit or otherwise restrict (ai) the transfer of cash or other assets (iA) between Borrower the Borrowers and any of its their Subsidiaries or (iiB) between any Subsidiaries of Borrower the Borrowers, or (bii) the ability of Borrower the Borrowers or any of its Subsidiaries to incur Indebtedness or grant security interests Liens to the Lender in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Sunlink Health Systems Inc)

Restrictions on Subsidiaries. Except for restrictions contained in ----------------------------- this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Delta Apparel Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of a Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between such Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of such Borrower or (b) the ability of such Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Geologistics Corp)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of a Borrower or any of its Subsidiaries permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on a Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between such Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of such Borrower or (b) the ability of such Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Fansteel Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or (b) the ability of Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Fitness Physical Therapy Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower or Guarantor permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries Guarantor which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between any Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower Guarantor or (b) the ability of any Borrower or any of its Subsidiaries Guarantor to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Brass & Copper Holdings, Inc.)

Restrictions on Subsidiaries. Except for restrictions contained in ---------------------------- this Agreement or any other agreement with respect to Indebtedness of Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between a Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of a Borrower or (b) the ability of any Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Transit Group Inc)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between such Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of such Borrower or (b) the ability of such Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender Congress and Lender, in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Rockford Corp)

Restrictions on Subsidiaries. Except for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower or Guarantor permitted hereunder as in effect on the date hereof, and except as otherwise permitted under Section 9.16 hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries Guarantor which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower or Guarantor or (b) the ability of any Borrower or any of its Subsidiaries Guarantor to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Travelcenters of America LLC)

Restrictions on Subsidiaries. Except for restrictions contained in ------------------------------ this Agreement or any other agreement with respect to Indebtedness of Borrower Borrowers permitted hereunder as in effect on the date hereof, there are no contractual or consensual restrictions on any Borrower or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets (i) between Borrower and any of its Subsidiaries or (ii) between any Subsidiaries of Borrower Borrowers or (b) the ability of any Borrower or any of its Subsidiaries to incur Indebtedness or grant security interests to Lender in the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Dh Apparel Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.