Restricted Junior Payments and Cash Flow Distributions Sample Clauses

Restricted Junior Payments and Cash Flow Distributions. (a) No Credit Party will declare or make any Restricted Junior Payment at any time; provided, however, that (i) so long as no Default shall have occurred or be continuing or shall be caused thereby the Borrower may declare and make Restricted Junior Payments to the Holding Company in amounts equal to the cash interest payments to the holders of the Holding Company Notes in accordance with, and only to the extent required by, the Holding Company Notes Indenture and, if the Holding Company Notes have been refinanced with Holding Company Notes Refinancing Indebtedness, in amounts equal to the cash interest payments to the holders of such Holding Company Notes Refinancing Indebtedness in accordance with, and only to the extent required by, the indenture or other document governing the Holding Company Notes Refinancing Indebtedness, (ii) so long as no Default shall have occurred or be continuing or shall be caused thereby the Borrower may declare and make Restricted Junior Payments to the Holding Company in amounts equal to the Permitted Tax Distributions, (iii) so long as no Default shall have occurred and be continuing or shall be caused thereby, the Borrower may declare and make a Restricted Junior Payment to the Holding Company to permit the Holding Company to consummate the Holding Company Notes Refunding with respect to not more than $30,000,000 in an aggregate principal amount of Holding Company Notes (plus any amounts payable with respect thereto for reasonable fees, expenses, premium and the amount of any accrued interest thereon), (iv) so long as no Default shall have occurred or be continuing or shall be caused thereby, the Borrower may declare and make a Restricted Junior Payment to the Holding Company on the Effective Date in an amount not to exceed $13,700,000 to permit the Holding Company to fund a distribution to the shareholders of the Holding Company, (v) so long as no Default shall have occurred or be continuing or shall be caused thereby the Borrower may make Restricted Junior Payments to the Holding Company of any proceeds from Holding Company Notes Borrower Refinancing Indebtedness in excess of the Holding Company Notes Refinancing Payment, (vi) the Borrower may declare and make Restricted Junior Payments to the Holding Company to the extent permitted by Section 7.6(b), (vii) so long as no Default shall have occurred or be continuing or shall be caused thereby, if the Holding Company Notes have been refinanced with Holding Company Notes Bo...
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Restricted Junior Payments and Cash Flow Distributions. No Credit Party will declare or make any Restricted Junior Payment at any time; provided, however, that
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Related to Restricted Junior Payments and Cash Flow Distributions

  • Restricted Junior Payments No Credit Party shall, nor shall it permit any of its Subsidiaries or Affiliates through any manner or means or through any other Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except that:

  • Restricted Distributions Notwithstanding any provision to the contrary contained in this Agreement, neither the Partnership nor the General Partner, on behalf of the Partnership, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.

  • No Restricted Junior Payments As of and following the Closing Date, neither Holdings nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any Restricted Junior Payment or agreed to do so except as permitted pursuant to Section 6.4.

  • Cash Flow Distributions The Cash Flow of the Company, if any, shall be distributed to the Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lenders or by applicable law.

  • Distributions to the Borrower The Agent may (with the Borrower’s consent or in accordance with Clause 28 (Set-off)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

  • Subsidiary Distributions (a) The Borrower will not, and will not permit any of its Restricted Subsidiaries that are not Guarantors to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any such Restricted Subsidiary to:

  • Dividends and Related Distributions The Borrowers shall not, and shall not permit any of their Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its shares of capital stock or partnership or limited liability company interest or on account of the purchase, redemption, retirement or acquisition of its shares of capital stock (or warrants, options or rights therefor) or partnership or limited liability company interests, except

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Permitted Distributions (a) Maximum

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

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