Common use of Upstream Limitations Clause in Contracts

Upstream Limitations. Enter into any agreement, contract, or arrangement restricting the ability of any Subsidiary of Company to pay or make dividends or distributions in cash or kind, to make loans, advances, or other payments of whatsoever nature or to make transfers or distributions of all or any part of its properties or assets to Company or to any Subsidiary of the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (Viewlocity Inc)

Upstream Limitations. Enter into any agreement, contract, or arrangement restricting the ability of any Subsidiary of Company to pay or make dividends or distributions in cash or kind, to make loans, advances, or other payments of whatsoever 18 nature or to make transfers or distributions of all or any part of its properties or assets to Company or to any Subsidiary of the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (Viewlocity Inc)

Upstream Limitations. Enter The Company will not enter into any agreement, contract, contract or arrangement (other than this Agreement) restricting the ability of any Subsidiary of Company to pay or make dividends or distributions in cash or kind, to make or repay loans, advances, advances or other payments of whatsoever nature or to make or repay transfers or distributions of all or any part of its properties or assets to Company or to any Subsidiary of the Company.

Appears in 1 contract

Sources: Convertible Note Purchase Agreement (Front Porch Digital Inc)