Common use of No Restrictions on Subsidiary Distributions Clause in Contracts

No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by law, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary).

Appears in 7 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

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No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Credit Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) 6.15.4 or required by law, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary).

Appears in 2 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawBank Agreement, neither the Company nor will not, and will not permit any Subsidiary shall to, enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary).

Appears in 2 contracts

Samples: Master Shelf Agreement (Transmontaigne Inc), Transmontaigne Oil Co

No Restrictions on Subsidiary Distributions. Except for ------------------------------------------- this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary); provided, however, -------- ------- that Foreign Subsidiaries may become subject to such restrictions pursuant to loan agreements with respect to Indebtedness permitted by Section 6.6.14.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

No Restrictions on Subsidiary Distributions. Except for this Agreement, the Note Purchase Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary of the applicable Borrower to make distributions Distributions or extensions of credit to the Company such Borrower (directly or indirectly through another Subsidiary); provided, however, that Foreign Subsidiaries may become subject to such restrictions pursuant to loan agreements with respect to Indebtedness permitted by Section 6.6.9.

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

No Restrictions on Subsidiary Distributions. Except for this ------------------------------------------- Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company Borrower nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company Borrower (directly or indirectly through another Subsidiary).

Appears in 1 contract

Samples: Bridge Loan Agreement (Advanced Radio Telecom Corp)

No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company Borrower (directly or indirectly through another Subsidiary); provided, however, that Foreign Subsidiaries may become subject to such restrictions pursuant to loan agreements with respect to Indebtedness permitted by Section 6.6.9.

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Credit Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) 6.16.4 or in the documents relating to the Acquired Merfin Debt or required by law, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary).

Appears in 1 contract

Samples: Credit Agreement (Buckeye Cellulose Corp)

No Restrictions on Subsidiary Distributions. Except for ------------------------------------------- this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary to make distributions Distributions or extensions of credit to the Company (directly or indirectly through another Subsidiary); provided, however, that -------- ------- Foreign Subsidiaries may become subject to such restrictions pursuant to loan agreements with respect to Indebtedness permitted by Section 6.6.14.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

No Restrictions on Subsidiary Distributions. Except for this Agreement and the Loan Documents and except as provided in the credit facilities of the Foreign Subsidiaries permitted by Section 6.15(d) or required by lawCredit Documents, neither the Company nor any Subsidiary shall enter into or be bound by any agreement (including covenants requiring the maintenance of specified amounts of net worth or working capital) restricting the right of any Subsidiary of the applicable Borrower to make distributions Distributions or extensions of credit to the Company such Borrower (directly or indirectly through another Subsidiary); provided, however, that Foreign Subsidiaries may become subject to such restrictions pursuant to loan agreements with respect to Indebtedness permitted by Section 6.6.9.

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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