Subsidiary Covenants. The Company will not, and will not permit any Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution on its stock, or make any other Restricted Payment, pay any Debt or other obligation owed to the Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other Subsidiary or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary.
Appears in 3 contracts
Samples: Note Purchase and Private Shelf Agreement (Schawk Inc), Note Purchase Agreement (Schawk Inc), First Amendment (Schawk Inc)
Subsidiary Covenants. The Company will not, and will not permit any Subsidiary to, create or otherwise permit to exist or cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution on its stock, or make any other Restricted Payment, pay any Debt Indebtedness or other obligation Obligation owed to the Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other Subsidiary Subsidiary, or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary.
Appears in 3 contracts
Samples: Credit Agreement (Lanier Worldwide Inc), Credit Agreement (Lanier Worldwide Inc), Credit Agreement (Lanier Worldwide Inc)
Subsidiary Covenants. The Company will not, and will not permit any Material Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution on its stock, or make any other Restricted Payment, pay any Debt Indebtedness or other obligation Obligation owed to the Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other Subsidiary Subsidiary, or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (American National Can Group Inc), Credit Agreement (American National Can Group Inc)
Subsidiary Covenants. The Other than pursuant to the Receivables Purchase Documents, the Company will not, and will not permit any Subsidiary to, create or otherwise cause to become effective or suffer to exist any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution on its stock or redemption of its stock, or make any other Restricted Payment, pay any Debt Indebtedness or other obligation Obligation owed to the Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other Subsidiary Subsidiary, or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary, or merge, consolidate with or liquidate into the Company or any other Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Plexus Corp)