Common use of Upstream Payment Clause in Contracts

Upstream Payment. a Distribution by a Subsidiary of a Borrower to such Borrower. US: the United States of America.

Appears in 3 contracts

Sources: Term Loan, Guaranty and Security Agreement, Term Loan, Guaranty and Security Agreement (Turtle Beach Corp), Term Loan, Guaranty and Security Agreement (Turtle Beach Corp)

Upstream Payment. a Distribution by a Subsidiary of a Borrower Borrower, directly or indirectly, to such BorrowerBorrower (other than the Borrower Agent, unless such Upstream Payment is solely in the form of cash). US: the United States of America.

Appears in 2 contracts

Sources: Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)