Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries. Borrower shall not, and shall not permit any Subsidiary, or any Portfolio Entity-50% to, create, assume or otherwise cause or suffer to exist or to become effective any consensual encumbrance or restriction on the ability of any such Person to:
Appears in 3 contracts
Samples: Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp), Revolving Credit Agreement (Firstcity Financial Corp)
Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries. Except as herein provided, Borrower shall not, and Borrower shall not permit any Subsidiary, or any Portfolio Entity-50% to, create, assume or otherwise cause or suffer to exist or to become effective any consensual encumbrance or restriction on the ability of any such Person to:
Appears in 1 contract
Samples: Reducing Note Facility Agreement (Firstcity Financial Corp)
Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries. Except as herein provided, neither Borrower shall notshall, and each Borrower shall not permit any Subsidiary, or any Portfolio Entity-50% to, create, assume or otherwise cause or suffer to exist or to become effective any consensual encumbrance or restriction on the ability of any such Person to:
Appears in 1 contract
Samples: Reducing Note Facility Agreement (Firstcity Financial Corp)
