Common use of Restrictions on Subsidiaries Clause in Contracts

Restrictions on Subsidiaries. There are no restrictions on the Company or any of its Subsidiaries which prohibit or otherwise restrict the transfer of cash or other assets (x) between the Company and any of its Subsidiaries or (y) between any Subsidiaries of the Company, other than (i) applicable restrictions of law imposed on Subsidiaries by the jurisdictions in which such Subsidiaries are incorporated or do business or (ii) other restrictions which, in the aggregate, do not encumber a material amount of cash or other assets.

Appears in 8 contracts

Samples: Credit Agreement (Wyeth), Credit Agreement (Wyeth), Credit Agreement (American Home Products Corp)

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Restrictions on Subsidiaries. There are no restrictions on the Company or any of its Subsidiaries which prohibit or otherwise restrict the transfer of cash or other assets (x) between the Company and any of its Subsidiaries or (y) between any Subsidiaries of the Company, other than (i) applicable restrictions of law imposed on Subsidiaries by the jurisdictions in which such Subsidiaries are incorporated or do business or (ii) other restrictions which, in the aggregate, do not encumber a material amount of cash or other assets.

Appears in 3 contracts

Samples: Redemption Agreement (Lets Talk Cellular & Wireless Inc), Preferred Stock Purchase Agreement (Lets Talk Cellular & Wireless Inc), Redemption Agreement (Lets Talk Cellular & Wireless Inc)

Restrictions on Subsidiaries. There are no restrictions on the Company or any of its Significant Subsidiaries which prohibit or otherwise restrict the transfer of cash or other assets (x) between the Company and any of its Significant Subsidiaries or (y) between any Significant Subsidiaries of the Company, other than (i) applicable restrictions of law (including tax laws) imposed on Significant Subsidiaries by the jurisdictions in which such Subsidiaries are incorporated or do business or (ii) other restrictions which, in the aggregate, do not encumber a material amount of cash or other assets.

Appears in 1 contract

Samples: Credit Agreement (Wyeth)

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Restrictions on Subsidiaries. There are no restrictions on the Company or any of its Subsidiaries which prohibit or otherwise restrict the transfer of cash or other assets (x) between the Company and any of its Subsidiaries or (y) between any Subsidiaries of the CompanySubsidiaries, other than (i) applicable restrictions of law imposed on Subsidiaries by the jurisdictions in which except where such Subsidiaries are incorporated or do business or (ii) other restrictions which, in the aggregate, do restriction would not encumber have a material amount of cash or other assetsMaterial Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase and Redemption Agreement (Sybari Software, Inc.)

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