Common use of General Restriction Clause in Contracts

General Restriction. Except in accordance with subparagraph (ii), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 10 contracts

Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)

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General Restriction. Except in accordance with subparagraph (ii)) below, the Seller shall not (A) purchase or redeem any shares of its capital stockmembership or other equity interests, (B) declare or pay any Dividend dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the any Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc)

General Restriction. Except in accordance with subparagraph (ii)) below, the no Seller shall not (A) purchase or redeem any shares of its capital stockmembership or other equity interests, (B) declare or pay any Dividend dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the SellerSellers, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the any Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc)

General Restriction. Except in accordance with subparagraph (ii), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.. I\5470084.2

Appears in 1 contract

Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)

General Restriction. Except in accordance with this subparagraph (iii), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pilgrims Pride Corp)

General Restriction. Except in accordance with subparagraph (iithis Section 7.03(f), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the Originatorany other Amphenol Person. Actions of the type described in this clause (i) are herein collectively called "Restricted Payments".

Appears in 1 contract

Samples: Receivables Purchase Agreement (Amphenol Corp /De/)

General Restriction. Except in accordance with this subparagraph (iio), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the any Originator. Actions of the type described in this clause (i) are herein collectively called "Restricted Payments".

Appears in 1 contract

Samples: Receivables Purchase Agreement (Imperial Sugar Co /New/)

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General Restriction. Except in accordance with subparagraph (ii)) below, the no Seller shall not (A) purchase or redeem any shares of its capital stockmembership or other equity interests, (B) declare or pay any Dividend dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the any Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Manitowoc Co Inc)

General Restriction. Except in accordance with subparagraph (ii)) below, the Seller shall not (A) purchase or redeem any shares of its capital stockmembership or other equity interests, (B) declare or pay any Dividend dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness Debt of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the any Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Johnsondiversey Holdings Inc)

General Restriction. Except in accordance with subparagraph (iithis Section 7.03(f), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the Originator. Actions of the type described in this clause (i) are herein collectively called “Restricted Payments”.advances

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fruit of the Loom Inc /De/)

General Restriction. Except in accordance with subparagraph (iithis Section 7.03(f), the Seller shall not (A) purchase or redeem any shares of its capital stock, (B) declare or pay any Dividend or set aside any funds for any such purpose, (C) prepay, purchase or redeem any subordinated indebtedness of the Seller, (D) lend or advance any funds or (E) repay any loans or advances to, for or from the OriginatorSunterra or any Affiliate thereof. Actions of the type described in this clause (i) are herein collectively called "Restricted Payments".

Appears in 1 contract

Samples: Receivables Purchase Agreement (Sunterra Corp)

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