Common use of Restricted Distributions Clause in Contracts

Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions.

Appears in 24 contracts

Samples: Credit and Security Agreement (Celadon Group Inc), Credit and Security Agreement (BioTelemetry, Inc.), Credit and Security Agreement (Integrated Healthcare Holdings Inc)

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Restricted Distributions. No Borrower Obligor will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except except, provided there exists no Default or Event of Default, for Permitted Distributions.

Appears in 4 contracts

Samples: Note Purchase Agreement (Staffing 360 Solutions, Inc.), Note and Warrant Purchase Agreement (Staffing 360 Solutions, Inc.), Note Purchase Agreement (Staffing 360 Solutions, Inc.)

Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, Distribution except for Permitted Distributionsas provided on Schedule 5.8.

Appears in 1 contract

Samples: Credit and Security Agreement

Restricted Distributions. No Neither Borrower will, or nor will it permit any Subsidiary (including, without limitation any Inactive Entity) to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted DistributionDistribution (including, except for Permitted Distributions.without limitation pursuant to the terms of the Put and Call Agreement); provided that the foregoing shall not restrict or prohibit wholly-owned Subsidiaries from making dividends or distributions to a Borrower and shall not restrict or prohibit:

Appears in 1 contract

Samples: Credit Agreement (Williams Controls Inc)

Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, to declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions.

Appears in 1 contract

Samples: Credit Agreement (Pernix Therapeutics Holdings, Inc.)

Restricted Distributions. No Borrower willwill not, or and will not permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution, except for Permitted Distributions; provided that the foregoing shall not restrict or prohibit Borrower or its Subsidiaries from making any Restricted Distributions at such times and in such amounts as are necessary to permit Restricted Distributions permitted by the Senior Credit Agreement as in effect on the date hereof.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Rand Logistics, Inc.)

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Restricted Distributions. No Borrower will, or will permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution; provided, except for Permitted Distributions.however, that the following Restricted Distributions may be paid (each, an “Allowed Distribution”) at any given time:

Appears in 1 contract

Samples: Credit Agreement (Cyberonics Inc)

Restricted Distributions. No Borrower willwill not, or and will not permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution; provided, except for Permitted Distributions.the foregoing shall not restrict or prohibit wholly-owned Subsidiaries from making dividends or distributions and shall not restrict or prohibit:

Appears in 1 contract

Samples: Credit Agreement (Equinox Group Inc)

Restricted Distributions. No Borrower willwill not, or and will not permit any Subsidiary to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Distribution; provided that the foregoing shall not restrict or prohibit any Subsidiary from making dividends or distributions, except for Permitted Distributions.directly or indirectly, to Borrower and shall not restrict or prohibit dividends or distributions, directly or indirectly, to Holdings at such times and in such amounts as are necessary to permit:

Appears in 1 contract

Samples: Credit Agreement (Obagi Medical Products, Inc.)

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