Restrictions on Subsidiaries. No Restricted Subsidiary shall, directly or indirectly, enter into or permit to exist any material arrangement or agreement (other than the Loan Papers) which directly or indirectly prohibits any such Restricted Subsidiary from (a) declaring, making, or paying, directly or indirectly, any Distribution to Borrower or any other Restricted Subsidiary, (b) paying any Debt owed to Borrower or any other Restricted Subsidiary, (c) making loans, advances, or investments to Borrower or any other Restricted Subsidiary, or (d) transferring any of its property or assets to Borrower or any other Restricted Subsidiary.
Appears in 6 contracts
Samples: 364 Day Revolving Credit and Term Loan Agreement (Mci Worldcom Inc), Facility B Term Loan Agreement (Worldcom Inc /Ga/), 364 Day Revolving Credit Agreement (Worldcom Inc/ga//)
Restrictions on Subsidiaries. No Restricted Subsidiary shall, directly or indirectly, shall enter into or permit to exist any material arrangement or agreement (other than the Loan Papers) which directly or indirectly prohibits any such Restricted Subsidiary from (a) declaring, making, or paying, directly or indirectly, any Distribution to Borrower or any other Restricted Subsidiary, (b) paying any Debt owed to Borrower or any other Restricted Subsidiary, (c) making loans, advances, or investments to Borrower or any other Restricted Subsidiary, or (d) transferring any of its property or assets to Borrower or any other Restricted Subsidiary.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Worldcom Inc /Ga/), Revolving Credit Agreement (Worldcom Inc /Ga/), 364 Day Revolving Credit and Term Loan Agreement (Worldcom Inc /Ga/)
Restrictions on Subsidiaries. No Restricted Except as may be required in connection with a pending permitted disposition of a Subsidiary, no Subsidiary shall, directly or indirectly, of Borrower nor any Guarantor shall enter into or permit to exist any material arrangement or agreement (other than the Loan PapersDocuments) which directly or indirectly prohibits any such Restricted Subsidiary from (a) declaring, making, or paying, directly or indirectly, any Distribution to Borrower or any other Restricted SubsidiaryCompany, (b) paying any Debt owed to Borrower or any other Restricted SubsidiaryCompany, (c) making loans, advances, or investments to Borrower or any other Restricted SubsidiaryCompany, or (d) transferring any of its property or assets to Borrower or any other Restricted SubsidiaryCompany.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Acx Technologies Inc)
