Common use of Subsidiary Distributions Clause in Contracts

Subsidiary Distributions. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as required by the terms of the Company’s or any Subsidiary’s indebtedness.

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (Berkshire Grey, Inc.), Bond Purchase Agreement (Sprint Nextel Corp), Bond Purchase Agreement (Starburst II, Inc.)

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Subsidiary Distributions. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company, Company or from making any other distribution on such Subsidiarysubsidiary’s capital stock, from repaying to the Company any loans stock or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Companysimilar ownership interest, except as required by would not, individually or in the terms of the Company’s or any Subsidiary’s indebtednessaggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Underwriting Agreement (CTO Realty Growth, Inc.), Underwriting Agreement (CTO Realty Growth, Inc.), Underwriting Agreement (CTO Realty Growth, Inc.)

Subsidiary Distributions. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as required by described in the terms of Pricing Disclosure Package and the Company’s or any Subsidiary’s indebtednessFinal Offering Memorandum.

Appears in 2 contracts

Samples: Purchase Agreement (Energy Xxi (Bermuda) LTD), Purchase Agreement (Energy Xxi (Bermuda) LTD)

Subsidiary Distributions. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company any loans or advances to such Subsidiary from the Company or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as required by described in the terms of the Company’s or any Subsidiary’s indebtednessDisclosure Package.

Appears in 2 contracts

Samples: Underwriting Agreement (Energy Xxi (Bermuda) LTD), Underwriting Agreement (Energy Xxi (Bermuda) LTD)

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Subsidiary Distributions. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s subsidiary's capital stock, from repaying to the Company any loans or advances to such Subsidiary subsidiary from the Company or from transferring any of such Subsidiary’s subsidiary's property or assets to the Company or any other Subsidiary subsidiary of the Company, except as required described in or contemplated by the terms of the Company’s or any Subsidiary’s indebtednessProspectus.

Appears in 1 contract

Samples: Underwriting Agreement (Wellpoint Health Networks Inc /De/)

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