Subsidiary Payments Clause Samples
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Subsidiary Payments. VIT covenants to require all of its Subsidiaries (including but not limited to HRCP) to distribute ultimately to VIT, on a monthly basis on or before each VIT Payment Date, all Net Revenue for the immediately preceding Measurement Period. To evidence such agreement, all of VIT’s current and future Subsidiaries, as well as any additional future VPA Subsidiaries, shall sign a Joinder to this Agreement in the form attached as Exhibit A.
Subsidiary Payments. Each of the Subsidiaries of Newco agrees to pay to Newco or, at Newco’s discretion, to HEI (or such other member of the Hallmark Group as is the common parent or comparable entity of the Affiliated Group), its share of each of the payments for which Newco is responsible hereunder no later than one business day prior to the date upon which the relevant payment by Newco is required to be made hereunder.
Subsidiary Payments. Except as provided otherwise in Section 8, the Company shall not permit any Subsidiary of the Company to make any payments in respect of dividends or other distributions on, or repurchase, redemption or other acquisition or retirement for value of, either directly or indirectly, securities of the Company of any kind for any reason unless the Company would be permitted by this Section 7 or Section 4 hereof to make such payments.
Subsidiary Payments. Each of the Subsidiaries of the Liberty Group agrees to pay to Liberty or at Liberty's discretion, to AT&T its share of each of the payments for which Liberty is responsible hereunder no later than one business day prior to the date upon which the relevant payment by Liberty is required to be made hereunder.
Subsidiary Payments. Cause each Subsidiary of the Borrower to make dividend cash payments during each calendar quarter to its stockholders in an amount sufficient to enable the Borrower to pay its Indebtedness and all other obligations, including the Obligations.
Subsidiary Payments. Borrower will not permit any Subsidiary to agree or covenant not to (i) declare or pay dividends or make distributions to the Borrower or (ii) make loans or advances to the Borrower.
Subsidiary Payments. 12 5. Adjustments..........................................................
Subsidiary Payments. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Subsidiary’s share capital, from repaying to the Company any loans or advances to such Subsidiary from the Company.
Subsidiary Payments. 61 8.14. No Negative Pledge...................................................................................... 61