Common use of Stock Redemptions and Distributions Clause in Contracts

Stock Redemptions and Distributions. Borrower will not make or declare or incur any liability to make any Distribution in respect of the capital stock of Borrower.

Appears in 4 contracts

Samples: Loan Agreement (Lmi Aerospace Inc), Loan Agreement (Lmi Aerospace Inc), Revolving Credit Agreement (Agri Nutrition Group LTD)

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Stock Redemptions and Distributions. The Borrower will not make or declare or incur any liability to make any Distribution in respect of the capital stock of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Staffmark Inc), Credit Agreement (Staffmark Inc), Credit Agreement (Shaw Group Inc)

Stock Redemptions and Distributions. The Borrower will not make or declare or incur any liability to make any Distribution in respect of the capital stock of the Borrower, and Borrower will not permit any Subsidiary to make, declare or incur any liability to make any Distribution in respect of the capital stock of such Subsidiary, except to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Staffmark Inc)

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Stock Redemptions and Distributions. The Borrower will not make or declare or incur any liability to make any Distribution in respect of the capital stock of the Borrower, and Borrower will not permit any Subsidiary to make, declare or incur any liability to make any Distribution in respect of the capital stock, partnership interests, membership interests or other ownership interests of such Subsidiary, except to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Staffmark Inc)

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