Common use of Distributions; Upstream Payments Clause in Contracts

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Fourth Amendment Effective Date as shown on Schedule 9.1.15 and except, as long as no Event of Default exists or would result therefrom:

Appears in 2 contracts

Samples: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)

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Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Fourth ClosingFourth Amendment Effective Date as shown on Schedule 9.1.15 and except, as long as no Event of Default exists or would result therefrom:

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments; or create Create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under Applicable Law or in effect on the Fourth RestatementSecond Amendment Effective Date as shown on Schedule 9.1.15 and 9.1.15. Declare or make any Distributions except, as long as no Event of Default exists or would result therefrom:

Appears in 1 contract

Samples: Guaranty and Security Agreement (Turtle Beach Corp)

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Distributions; Upstream Payments. Declare or make any Distributions, except Upstream Payments; or create or suffer to exist any encumbrance or restriction on the ability of a Subsidiary to make any Upstream Payment, except for restrictions under the Loan Documents, under the Term Loan Documents, under Applicable Law or in effect on the Fourth Amendment ClosingAmendment No. 3 Effective Date as shown on Schedule 9.1.15 and except, as long as no Event of Default exists or would result therefrom:9.1.15.

Appears in 1 contract

Samples: Loan Agreement (School Specialty Inc)

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