Common use of Upstream Limitations Clause in Contracts

Upstream Limitations. Neither the Borrowers nor any of their Subsidiaries will enter into, or permit any of their Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any Borrower or any Guarantor.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Holmes Group Inc), Revolving Credit Agreement (Holmes Products Corp), Revolving Credit and Term Loan Agreement (Holmes Products Corp)

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Upstream Limitations. Neither the Borrowers Borrower nor any of their its Subsidiaries will enter into, or permit any of their Subsidiaries to enter into, any agreement, contract or arrangement (other than the this Credit Agreement and the other Loan Documents) restricting the ability of any such Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any the Borrower or any GuarantorSubsidiary of which such Subsidiary is a Subsidiary.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)

Upstream Limitations. Neither the The Borrowers nor any of their Subsidiaries will enter intonot, or and will not permit any of their Subsidiaries consolidated Subsidiaries, to enter into, into any agreement, contract contract, or arrangement (other than the Credit Agreement and the other Loan Documents) restricting the ability of any Subsidiary of their Subsidiaries to pay or make dividends or distributions in cash or kind, to make loans, advances advances, or other payments of whatsoever nature or to make transfers or distributions of all or any part of its their assets to any Borrower or to any GuarantorSubsidiary of any Borrower.

Appears in 1 contract

Samples: Credit Agreement (Resource America Inc)

Upstream Limitations. Neither Holdings, the Borrowers Borrower nor any of their its Subsidiaries will enter into, or permit any of their Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any Holdings, the Borrower or any Guarantor.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Fargo Electronics Inc)

Upstream Limitations. Neither the Borrowers Borrower nor any of their its Subsidiaries will enter into, or permit any of their its Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan DocumentsDocuments and other than restrictions in agreements evidencing Indebtedness permitted by Section 9.1(c) or (d) hereof) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any the Borrower or any Guarantor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

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Upstream Limitations. Neither The Borrower and each of the Borrowers nor any of their Subsidiaries Subsidiary Guarantors will enter into, or not permit any of their Subsidiaries to to, enter into, into any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any the Borrower or to any Subsidiary Guarantor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Jordan Telecommunication Products Inc)

Upstream Limitations. Neither the Borrowers Borrower nor any of their its Subsidiaries will enter into, or permit any of their its Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan DocumentsDocuments and other than restrictions in agreements evidencing Indebtedness permitted by §10.1(c) hereof) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any the Borrower or any Guarantor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Upstream Limitations. Neither the Borrowers Company nor any of their its -------------------- Subsidiaries will enter into, or permit any of their its Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents) restricting the ability of any Subsidiary to pay or make dividends or distributions in cash or kind, to make loans, advances or other payments of whatsoever nature or to make transfers or distributions of all or any part of its assets to any Borrower the Company or any Guarantor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tier Technologies Inc)

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