Common use of Upstream Limitations Clause in Contracts

Upstream Limitations. Neither the Borrower nor any of its Subsidiaries will enter into, or permit any of its Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents and other than restrictions in agreements evidencing Indebtedness permitted by Section 9.1(c) or (d) hereof) restricting the ability of any Subsidiary 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 assets to the Borrower or any Guarantor.

Appears in 1 contract

Sources: Revolving Credit Agreement (Anacomp Inc)

Upstream Limitations. Neither Holdings, the Borrower nor any of its Subsidiaries will enter into, or permit any of its their Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents and other than restrictions in agreements evidencing Indebtedness permitted by Section 9.1(c) or (d) hereofDocuments) restricting the ability of any Subsidiary 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 assets to Holdings, the Borrower or any Guarantor.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Fargo Electronics Inc)

Upstream Limitations. Neither the Borrower nor any of its Subsidiaries will enter into, or permit any of its Subsidiaries to enter into, any agreement, contract or arrangement (other than the Credit Agreement and the other Loan Documents and other than restrictions in agreements evidencing Indebtedness permitted by Section 9.1(c) or (d§10.1(c) hereof) restricting the ability of any Subsidiary 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 assets to the Borrower or any Guarantor.

Appears in 1 contract

Sources: Revolving Credit Agreement (Anacomp Inc)