Common use of Distribution Restrictions Clause in Contracts

Distribution Restrictions. No subsidiary of the Company is currently prohibited, directly or indirectly, from making any distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary, except (i) as described in or contemplated by the SEC Documents and (ii) such prohibitions mandated by the laws of each such subsidiary’s state of formation.

Distribution Restrictions. No subsidiary of the Company is currently prohibited, directly or indirectly, from making paying any distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiarysubsidiary of the Company, except (i) as described in or contemplated by the SEC Documents and (ii) such prohibitions mandated by Registration Statement, the laws of each such subsidiary’s state of formationGeneral Disclosure Package or the Prospectus or arising under the Credit Agreements.

Distribution Restrictions. No subsidiary Subsidiary of the Company is currently prohibited, directly or indirectly, from making paying any distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s 's equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s 's property or assets to the Company or any other subsidiarysubsidiary of the Company, except (i) as described in or contemplated by the SEC Documents and (ii) such prohibitions mandated by Prospectus or the laws of each such subsidiary’s state of formationOperative Agreements or the Debt Documents.

Distribution Restrictions. No subsidiary of the Company is currently prohibited, directly or indirectly, from making paying any distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s 's equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s 's property or assets to the Company or any other subsidiarysubsidiary of the Company, except (i) as described in or contemplated by the SEC Documents and (ii) such prohibitions mandated by Prospectus or the laws of each such subsidiary’s state of formationOperative Agreements.

Distribution Restrictions. No subsidiary of the Company is currently prohibited, directly or indirectly, from making paying any distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiarysubsidiary of the Company, except (i) as prohibited under the Credit Agreement and except as described in or contemplated by the SEC Documents Registration Statement, the Disclosure Package and (ii) such prohibitions mandated by the laws of each such subsidiary’s state of formationProspectus.

Distribution Restrictions. No subsidiary None of the Company Company’s subsidiaries is currently prohibited, directly or indirectly, from making paying any dividends or distributions to the Company or another subsidiary of the Company, from making any other distribution on such subsidiary’s equity interests, from repaying to the Company or its affiliates any loans or advances to such subsidiary from the Company or its affiliates or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiarysubsidiary of the Company, except (i) as described in or contemplated by pursuant to the SEC Documents SemGroup Credit Agreement and (ii) for such prohibitions mandated by the laws of each such subsidiary’s state of formationformation and applicable organizational documents.