Common use of Subsidiary Dividends Clause in Contracts

Subsidiary Dividends. To the extent permitted by applicable Law, the Borrowers shall cause one or more of their Subsidiaries to pay cash dividends to the Borrowers (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).

Appears in 11 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

AutoNDA by SimpleDocs

Subsidiary Dividends. To the extent permitted by applicable Law, the Borrowers Borrower shall cause one or more of their its Subsidiaries to pay cash dividends to the Borrowers Borrower (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers Borrower to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).

Appears in 3 contracts

Samples: Credit Agreement (Triumph Group Inc /), Credit Agreement (Triumph Group Inc /), Credit Agreement (Triumph Group Inc /)

Subsidiary Dividends. To the extent permitted by applicable Law, the Borrowers shall cause one or more of their Subsidiaries (other than the Aerostructures Filing Entities during the Aerostructures Bankruptcy Period) to pay cash dividends to the Borrowers (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).

Appears in 2 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Subsidiary Dividends. To the extent permitted by applicable Law, the Borrowers Borrower shall cause one or more of their its Subsidiaries to pay cash dividends to the Borrowers Borrower (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers Borrower to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

AutoNDA by SimpleDocs

Subsidiary Dividends. To the extent permitted by applicable Law, the The Borrowers shall cause one or more of their Subsidiaries to pay cash dividends to the Borrowers (directly or through one or more Subsidiaries) from time to time, in aggregate amounts as necessary to permit the Borrowers to pay and satisfy the Obligations when due and payable (by acceleration or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!