Common use of Burdensome Provisions Clause in Contracts

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Documents or Applicable Law.

Appears in 6 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Operation and Maintenance Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)

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Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Documents Loan Documents, Applicable Law or Applicable Lawas permitted under Section 9.10(b).

Appears in 4 contracts

Samples: Credit Agreement (Cirrus Logic Inc), Credit Agreement (Cirrus Logic, Inc.), Credit Agreement (Cirrus Logic Inc)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable LawLaw or as permitted under Section 9.10.

Appears in 4 contracts

Samples: Credit Agreement (Switch, Inc.), Credit Agreement (Switch, Inc.), Credit Agreement (Switch, Inc.)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary Consolidated Company or to transfer any of its assets or properties to the Borrower or any other Subsidiary Consolidated Company in each case other than existing under or by reason of the Finance Loan Documents or Applicable Law.

Appears in 4 contracts

Samples: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp), Credit Agreement (Southwest Gas Corp)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Credit Documents or Applicable LawLegal Requirements or as may otherwise be permitted under Section 6.4.

Appears in 2 contracts

Samples: Credit Agreement (NOW Inc.), Credit Agreement (NOW Inc.)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable Law.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Landrys Restaurants Inc), First Lien Credit Agreement (Landrys Restaurants Inc)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable Law.

Appears in 2 contracts

Samples: Credit Agreement (Globalstar, Inc.), Credit Agreement (Cirrus Logic Inc)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or as permitted by reason of the Finance Documents or Applicable LawSection 10.11.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Burdensome Provisions. No Subsidiary of Holdings is party to any material agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Documents Loan Documents, the Senior Note Documents, Applicable Law or Applicable Lawas permitted by Section 10.11.

Appears in 1 contract

Samples: Credit Agreement (Restaurant Co of Minnesota)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable LawLaw or as otherwise permitted under Section 9.10.

Appears in 1 contract

Samples: Credit Agreement (Us Ecology, Inc.)

Burdensome Provisions. No Subsidiary (other than the Excluded Subsidiary) is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

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Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower Borrowers or any Subsidiary or to transfer any of its assets or properties to the Borrower Borrowers or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable LawLaw or as otherwise permitted under Section 9.9.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower Borrowers or any Subsidiary or to transfer any of its assets or properties to the Borrower Borrowers or any other Subsidiary in each case other than existing under or by reason of the Finance Documents Loan Documents, Applicable Law or Applicable Lawotherwise permitted pursuant to Section 9.10.

Appears in 1 contract

Samples: Assignment and Assumption (Mitel Networks Corp)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the Borrower or any Subsidiary or to transfer any of its assets Americas 90643250 82 or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Documents or Applicable Law.

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary or to transfer any of its assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Finance Loan Documents or Applicable LawLaw or as otherwise permitted under Section 9.9.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock Equity Interests to the Borrower or any Subsidiary Consolidated Company or to transfer any of its assets or properties to the Borrower or any other Subsidiary Consolidated Company in each case other than existing under or by reason of the Finance Loan Documents or Applicable Law.. 114 146960219_6 165457743_4

Appears in 1 contract

Samples: Credit Agreement (Southwest Gas Corp)

Burdensome Provisions. No Subsidiary is party to any agreement or instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Capital Stock to the US Borrower or any Subsidiary or to transfer any of its assets or properties to the US Borrower or any other Subsidiary in each case other than existing under or as permitted by reason of the Finance Documents or Applicable LawSection 10.11.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

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