Common use of Subsidiary Dividends Clause in Contracts

Subsidiary Dividends. Borrower will take all action necessary to cause its Subsidiaries to make such dividends, distributions or other payments to the Borrower as shall be necessary for Borrower to make payments of the principal of and interest on the Loans in accordance with the terms of this Agreement. In the event the approval of any Governmental Authority or other Person is required in order for any such Subsidiary to make any such dividends, distributions or other payments to Borrower, or for Borrower to make any such principal or interest payments, Borrower will forthwith exercise its best efforts and take all reasonable actions permitted by law and necessary to obtain such approval.

Subsidiary Dividends. The Borrower will take all action necessary to cause its Subsidiaries to make such dividends, distributions or other payments to the Borrower as shall be necessary for the Borrower to make payments of the principal of and interest on the Loans in accordance with the terms of this Agreement. In the event the approval of any Governmental Authority or other Person is required in order for any such Subsidiary to make any such dividends, distributions or other payments to the Borrower, or for the Borrower to make any such principal or interest payments, the Borrower will forthwith exercise its best efforts and take all reasonable actions permitted by law and necessary to obtain such approval.

Subsidiary Dividends. Borrower will take all action necessary to cause its Subsidiaries to make such dividends, distributions or other payments to the Borrower as shall be necessary for Borrower to make payments of the principal of and interest on the Loans in accordance with the terms of this Agreement. In the event the approval of any Governmental Authority or other Person is required in order for any such Subsidiary to make any such dividends, distributions or other payments to Borrower, or for Borrower to make any such principal or interest Table of Contents payments, Borrower will forthwith exercise its best efforts and take all reasonable actions permitted by law and necessary to obtain such approval.

Subsidiary Dividends. Subject to any approvals required by any Governmental Authority, Borrower will take all action necessary to cause its Subsidiaries to make such dividends, distributions or other payments to the Borrower as shall be necessary for Borrower to make payments of the principal of and interest on the Loans in accordance with the terms of this Agreement. In the event the approval of any Governmental Authority or other Person is required in order for any such Subsidiary to make any such dividends, distributions or other payments to Borrower, or for Borrower to make any such principal or interest payments, Borrower will forthwith exercise its best efforts and take all reasonable actions permitted by law and necessary to obtain such approval.