No Contractual or Other Restrictions. No Subsidiary is a party to any agreement or other contractual arrangement that limits its ability to (a) pay dividends to, or otherwise make Investments in or other payments to, the Borrower or (b) grant Liens solely in favor of the Administrative Agent other than non-material agreements and contractual arrangements which impose limitations on a Subsidiary’s ability to grant Liens thereon in favor of the Administrative Agent.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Ust Inc), Bridge Credit Agreement (Ust Inc)
No Contractual or Other Restrictions. No Subsidiary is a party to any agreement or other contractual arrangement that limits its ability to (a) pay dividends to, or otherwise make Investments in or other payments to, the Borrower or (b) grant Liens solely in favor of the Administrative Agent other than non-material agreements and contractual arrangements which impose limitations on a Subsidiary’s 's ability to grant Liens thereon in favor of the Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (Winn Dixie Stores Inc), Credit Agreement (Marvel Enterprises Inc)
No Contractual or Other Restrictions. No Subsidiary is a party to any agreement or other contractual arrangement that limits its ability to (a) pay dividends to, or otherwise make Investments in or other payments to, the Borrower or (b) grant Liens solely in -69- 77 favor of the Administrative Agent other than non-material agreements and contractual arrangements which impose limitations on a Subsidiary’s 's ability to grant Liens thereon in favor of the Administrative Agent.
Appears in 1 contract
Samples: Credit Agreement (Ust Inc)
