Common use of Subsidiary Dividends Clause in Contracts

Subsidiary Dividends. No Subsidiary of Borrower shall in any manner either directly or indirectly incur or be bound by any restrictions on dividends from such Subsidiary to Borrower, other than those restrictions required by applicable Law.

Appears in 3 contracts

Samples: Credit Agreement (BioPharmX Corp), Credit Agreement (Cancer Genetics, Inc), Credit Agreement

AutoNDA by SimpleDocs

Subsidiary Dividends. No Subsidiary Neither Borrower nor any of Borrower its Subsidiaries shall in or shall permit any manner either directly limitation, contractual or indirectly incur otherwise, to be placed on a Subsidiary's right or be bound by any restrictions on dividends from such Subsidiary power to Borrower, other than those restrictions required by applicable Lawdeclare and pay dividends.

Appears in 1 contract

Samples: Asset Purchase Agreement (Amedisys Inc)

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