Common use of No Dividend Restrictions Clause in Contracts

No Dividend Restrictions. Except as set forth in Schedule 3.14 or as permitted by this Agreement, there are no contractual or regulatory restrictions limiting the ability of any Operating Company from making distributions, dividends or other return on capital to the Borrower in an amount sufficient to satisfy the Obligations under the Financing Documents.

Appears in 6 contracts

Samples: Credit Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Sound Energy Inc)

AutoNDA by SimpleDocs

No Dividend Restrictions. Except as set forth in Schedule 3.14 5.14 or as permitted by this Agreement, there are no contractual or regulatory restrictions limiting the ability of any Operating Company from making distributions, dividends or other return on capital to the Borrower in an amount sufficient to satisfy the Obligations under the Financing Documents.

Appears in 1 contract

Samples: Credit Agreement (Puget Energy Inc /Wa)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.