Common use of Limitation on Payment Restrictions Affecting Consolidated Companies Clause in Contracts

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 5 contracts

Samples: Credit and Term Loan Agreement (Planet Hollywood International Inc), Credit Agreement (Office Depot Inc), Contribution Agreement (Planet Hollywood International Inc)

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Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit DocumentsDocuments or under the Line of Credit Agreement and related documents.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit DocumentsDocuments or under the Revolving Credit Agreement and related documents.

Appears in 3 contracts

Samples: Line of Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stockany stock of a Subsidiary of the Sponsor, or (ii) pay any indebtedness intercompany debt owed to Borrower Sponsor or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower Sponsor or any other Consolidated Company, except any consensual encumbrance or restriction existing under as of the Credit DocumentsClosing Date.

Appears in 2 contracts

Samples: Loan Facility Agreement and Guaranty (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions to Borrower or any other Subsidiary on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Choicepoint Inc), Choicepoint Inc

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (ia) pay dividends or make any other distributions on such Consolidated Company's ’s stock, or (iib) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iiic) transfer any of its property or assets to Borrower or any other Consolidated Company, except in each case any consensual encumbrance or restriction existing under the Credit Documents, or those restrictions as are contained in the 2004 Note Purchase Agreement.

Appears in 2 contracts

Samples: Revolving and Term Loan Agreement (Brown & Brown Inc), Revolving Loan Agreement (Brown & Brown Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions to Parent or any other Consolidated Company on such Consolidated Company's ’s stock, or (ii) pay any indebtedness owed to Borrower Parent or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower Parent or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, effective any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness Indebtedness owed to Borrower any Credit Party or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower any Credit Party or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Loan Documents or the Subordinated Note Documents.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Conso International Corp)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, effective any consensual encumbrance or restriction on the ability of any Consolidated Company to (ia) pay dividends or make any other distributions on such Consolidated Company's stock, or (iib) pay any indebtedness owed to Borrower Xxxxxx or any other Consolidated Company, or (iiic) transfer any of its property or assets to Borrower Xxxxxx or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Nelson Thomas Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (ia) pay dividends or make any other distributions on such Consolidated Company's ’s stock, or (iib) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iiic) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 1 contract

Samples: Revolving Loan Agreement (Brown & Brown Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions to Parent or any other Consolidated Company on such Consolidated Company's stock’s Capital Stock, or (ii) pay any indebtedness owed to Borrower Parent or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower Parent or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents or under the Revolving Credit Documents.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Choicepoint Inc)

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Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, effective any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness Indebtedness owed to Borrower any Credit Party or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower any Credit Party or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents or the Subordinated Note Documents.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Conso International Corp)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, except for the Credit Documents, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit DocumentsDocuments and the Preferred Stock.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Solar Mates Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (ia) pay dividends or make any other distributions on such Consolidated Company's stock, or (iib) pay any indebtedness owed to Borrower or any other Consolidated Company, or (iiic) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (Brown & Brown Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stockany stock of a Subsidiary of the Borrower, or (ii) pay any indebtedness intercompany debt owed to Borrower or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower or any other Consolidated Company, except any consensual encumbrance or restriction existing under as of the Credit DocumentsClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Morrison Health Care Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions on such Consolidated Company's stock, or (ii) pay any indebtedness owed to Borrower the Company or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower the Company or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents.

Appears in 1 contract

Samples: Note Purchase Agreement (Consolidated Stainless Inc)

Limitation on Payment Restrictions Affecting Consolidated Companies. Create or otherwise cause or suffer to exist or become effective, any consensual encumbrance or restriction on the ability of any Consolidated Company to (i) pay dividends or make any other distributions to Parent or any other Consolidated Company on such Consolidated Company's stock’s Capital Stock, or (ii) pay any indebtedness owed to Borrower Parent or any other Consolidated Company, or (iii) transfer any of its property or assets to Borrower Parent or any other Consolidated Company, except any consensual encumbrance or restriction existing under the Credit Documents or under the Term Loan Credit Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

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