Common use of Improper Distributions Clause in Contracts

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing Documents.

Appears in 4 contracts

Sources: Pledge and Security Agreement (LSP Batesville Funding Corp), Pledge and Security Agreement (LSP Batesville Funding Corp), Pledge and Security Agreement (LSP Batesville Funding Corp)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and or the other Financing Loan Documents.

Appears in 3 contracts

Sources: Pledge and Security Agreement (James River Group Holdings, Ltd.), Credit Agreement (James River Group Holdings, Ltd.), Credit Agreement (State Auto Financial CORP)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing Loan Documents.

Appears in 3 contracts

Sources: Credit Agreement (CBRE Acquisition Holdings, Inc.), Credit Agreement (Sunpower Corp), Credit Agreement (Sunpower Corp)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing Loan Documents.

Appears in 2 contracts

Sources: Equity Pledge Agreement (Empire Resorts Inc), Equity Pledge Agreement (Empire Resorts Inc)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing Finance Documents.

Appears in 1 contract

Sources: Pledge and Security Agreement (Louisiana Generating LLC)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the such Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing DocumentsNRG Loan Agreement.

Appears in 1 contract

Sources: Subordinated Pledge and Security Agreement (NRG Generating U S Inc)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the such Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement and the other Financing DocumentsCredit Agreement.

Appears in 1 contract

Sources: Pledge and Security Agreement (NRG Generating U S Inc)

Improper Distributions. Notwithstanding any other provision contained in this Agreement, the Pledgor shall not accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Pledged Collateral, except to the extent the same are expressly permitted by the terms of this Agreement, the Credit Agreement, the Depositary Agreement and the other Financing Transaction Documents.

Appears in 1 contract

Sources: Credit Agreement (Dynegy Inc.)