Common use of Upstream Payment Clause in Contracts

Upstream Payment. a pro rata Distribution by a Subsidiary of the Borrower to such Subsidiary’s direct equity holders.

Appears in 2 contracts

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

Upstream Payment. a pro rata Distribution by a Subsidiary of the a Borrower to such Subsidiary’s direct equity holders.

Appears in 2 contracts

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

Upstream Payment. a pro rata Distribution by a Subsidiary of the a Borrower to such Subsidiary’s direct equity holders. Unused Balance: as defined in Section 3.2.1.

Appears in 1 contract

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