Common use of No Impairment of Intercompany Transfers Clause in Contracts

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 32 contracts

Samples: Credit Agreement (Standard Motor Products Inc), Credit Agreement (Standard Motor Products Inc), Credit Agreement (Wesco International Inc)

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No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 29 contracts

Samples: Credit Agreement, Credit Agreement (Reading International Inc), Credit Agreement (Pioneer Drilling Co)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 11 contracts

Samples: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Verdant Brands Inc), Credit Agreement (Bon Ton Stores Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 10 contracts

Samples: Assignment Agreement (Morton Industrial Group Inc), Credit Agreement (Zomax Optical Media Inc), Credit Agreement (Rawlings Sporting Goods Co Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowersa Borrower.

Appears in 9 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any a Borrower to any such Borrower or between Borrowers.

Appears in 8 contracts

Samples: Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.), Credit Agreement (H&E Equipment Services, Inc.)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and the Senior Note Indenture) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 6 contracts

Samples: Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Universal Hospital Services Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Secured Guarantor to any Borrower or between BorrowersBorrower.

Appears in 6 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)

No Impairment of Intercompany Transfers. No Credit Party shall, or shall permit any Subsidiary of any Credit Party to, directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 5 contracts

Samples: Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc), Credit Agreement (Blount International Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to Borrower except for (a) the Loan Documents, and (b) restrictions imposed by applicable law or any Borrower applicable rule, regulation or between Borrowersorder.

Appears in 5 contracts

Samples: Credit Agreement (Otelco Inc.), Credit Agreement (Otelco Telecommunications LLC), Credit Agreement (Otelco Inc.)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Credit Party to any Borrower Credit Party or between BorrowersCredit Parties.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Blockbuster Inc), Credit Agreement (Energy Coal Resources, Inc.)

No Impairment of Intercompany Transfers. No Such Credit Party shall not (and shall cause each Subsidiary of such Credit Party not to) directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 3 contracts

Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

No Impairment of Intercompany Transfers. No Credit Party shall --------------------------------------- directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 3 contracts

Samples: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Peets Coffee & Tea Inc), Credit Agreement (Icon Health & Fitness Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrictrestricts, prohibit prohibits or require requires the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 3 contracts

Samples: Loan Agreement (Asta Funding Inc), Loan Agreement (Asta Funding Inc), Loan and Security Agreement (Asta Funding Inc)

No Impairment of Intercompany Transfers. No Credit Loan Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 2 contracts

Samples: Pledge Agreement (Brightpoint Inc), Credit Agreement (Brightpoint Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowerssuch Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Code Alarm Inc), Credit Agreement (Code Alarm Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower except customary conditions and restrictions contained in agreements relating to a sale or between Borrowersdisposition of a Subsidiary permitted hereunder, provided that such restrictions and conditions apply only to such Subsidiary to be sold or disposed of.

Appears in 2 contracts

Samples: Credit Agreement (Insteel Industries Inc), Credit Agreement (Insteel Industries Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 2 contracts

Samples: Credit Agreement (Huttig Building Products Inc), Credit Agreement (Huttig Building Products Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.Borrower. 6.17

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of [EXECUTION VERSION] dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Kaynar Technologies Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to Borrower except for any Borrower agreement, instrument, indenture or between Borrowersother obligation with respect to Indebtedness permitted herein.

Appears in 1 contract

Samples: Credit Agreement (Comverge, Inc.)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the Parent Senior Note Documents and the Holdings Senior Discount Note Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (American Lawyer Media Holdings Inc)

No Impairment of Intercompany Transfers. No Credit Party shall --------------------------------------- directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and the Subordinated Notes and any agreement or indenture in connection therewith) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Innovations to Innovations or to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Inverness Medical Innovations Inc)

No Impairment of Intercompany Transfers. No Credit Party shall, or shall permit any of its Subsidiaries to, directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Baldwin Piano & Organ Co /De/)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents and the First Lien Credit Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation written instrument (other than this Agreement and Agreement, the other Loan Documents, the Trade Lien Documents, the GE Credit Agreement Documents and the SREF Intercreditor Agreement) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Penn Traffic Co)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the Receivables Funding Documents, the Letter of Credit Documents and the Intercreditor Agreement) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans loan by a Subsidiary of any Borrower to any Borrower or between Borrowers.Borrower. 6.16

Appears in 1 contract

Samples: Credit Agreement (Consolidated Freightways Corp)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents and the Senior Subordinated Debt Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Styling Technology Corp)

No Impairment of Intercompany Transfers. (a) No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

No Impairment of Intercompany Transfers. No Except as otherwise permitted under this Section 6, no Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Oregon Steel Mills Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and the Subordinated Documents as the same may exist on the Closing Date, or be modified from time to time thereafter in a manner not prohibited by Section 6.19) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions distributions, or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersCredit Parties.

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

No Impairment of Intercompany Transfers. No Credit Loan Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Princeton Review Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement Agreement, the other Loan Documents and the other Second Lien Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Black Warrior Wireline Corp)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.Borrower, except:

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation with a third party (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Renaissance Cosmetics Inc /De/)

No Impairment of Intercompany Transfers. No Credit Party shall ------------------------------------------ directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and as set forth on Disclosure Schedule 6.16) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (American Eco Corp)

No Impairment of Intercompany Transfers. No Such Credit Party shall not directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Secured Guarantor to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Roller Bearing Co of America Inc)

No Impairment of Intercompany Transfers. No Credit Party shall --------------------------------------- directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any a Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Radio Unica Corp)

No Impairment of Intercompany Transfers. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement Agreement, the other Loan Documents and the other Australian Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Westaff Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and the Revolving Credit Agreement) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (FCA Acquisition Corp.)

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No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Credit Party to any Borrower Credit Party, or between BorrowersCredit Parties.

Appears in 1 contract

Samples: Credit Agreement (Life Time Fitness Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents, the US Facility Agreement and the Term Loan Agreement) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower such Credit Party to any Borrower Credit Party or between BorrowersCredit Parties.

Appears in 1 contract

Samples: Credit Agreement (Hockey Co)

No Impairment of Intercompany Transfers. No Credit Party nor any of --------------------------------------- its Subsidiaries shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents and the Receivables Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.Borrowers other than:

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowerssuch Borrower.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

No Impairment of Intercompany Transfers. No Except as may be set forth on Schedule (6.16), no Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement Agreement, the other Letter of Credit Documents, the Receivables Funding Documents and the other Loan DocumentsIntercreditor Agreement) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans loan by a Subsidiary of any Borrower Debtor to any Borrower or between BorrowersDebtor.

Appears in 1 contract

Samples: Credit Agreement (Labor Ready Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowersborrowers.

Appears in 1 contract

Samples: Credit Agreement (Pediatric Services of America Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowersother than as may be permitted under Section 6.6(c).

Appears in 1 contract

Samples: Credit Agreement (Gibson Greetings Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation written instrument (other than this Agreement and Agreement, the other Loan Documents, the Trade Lien Documents, the Supplemental Real Estate Facility Documents and the SREF Intercreditor Agreement) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Penn Traffic Co)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan DocumentsDocuments and the GE Capital DIP Credit Agreement) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower a Credit Party or a Subsidiary of Parent to any Borrower or between Borrowersa Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement Agreement, the other Loan Documents and the other Kimco DIP Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowersa Subsidiary of Parent to Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Specified Borrower or among Borrowers and Specified Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the Senior Notes and any agreement evidencing purchase money Indebtedness or Capital Leases) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Parent to any Borrower Credit Party or between BorrowersCredit Parties.

Appears in 1 contract

Samples: Credit Agreement (Fibermark Inc)

No Impairment of Intercompany Transfers. No Credit Party nor any --------------------------------------- of its Subsidiaries shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Callaway Golf Co /Ca)

No Impairment of Intercompany Transfers. No Credit Party shall or shall allow any of their Subsidiaries to directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Borrowers to any Borrower Borrowers or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Layne Christensen Co)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Parent to any Borrower or between BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Newtek Business Services Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower, other than such restrictions under the Loan Documents and such restrictions on Foreign Subsidiaries of Borrower or between Borrowerspursuant to documents evidencing Indebtedness of such Foreign Subsidiaries permitted under clause (g) of Section 6.3).

Appears in 1 contract

Samples: Credit Agreement (Measurement Specialties Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the CapitalSource Loan Documents and the Providence Subordinated Note Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowerssuch Borrower.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Seven Limited Partnership)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Financing Agreement, the other Loan Credit Documents or the Senior Note Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by such Credit Party or another Credit Party to a Subsidiary of any Borrower to any Borrower or between Borrowersthird Credit Party.

Appears in 1 contract

Samples: Financing Agreement (Alderwoods Group Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to (a) the creation of liens on the assets of any Credit Party, (b) the payment of dividends or distributions or by any Credit Party, (c) the making or repayment of intercompany loans by a any Subsidiary of any Borrower to any the Borrower or between Borrowers.(d) the

Appears in 1 contract

Samples: Credit Agreement (Lynch Corp)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by any Borrower or a Subsidiary of any Borrower to any Borrower or between Borrowersany Subsidiary of any Borrower.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the Senior Notes and any loan documents executed in connection therewith) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and Agreement, the other Loan Documents, the Indebtedness incurred pursuant to the Subordinated Bond Issuance and the Subordinated Notes and any agreement or indenture in connection therewith) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Innovations to Innovations or to any Borrower or between Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Inverness Medical Innovations Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or be or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower to any Borrower Borrower, from VSC to any other Borrower, or between Borrowersto VSC from any other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Video Services Corp)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) Documents that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by Borrower or a Subsidiary of any Borrower to any Borrower Guarantor or between Borrowersany Subsidiary of any Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

No Impairment of Intercompany Transfers. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of any Borrower Credit Party to any Borrower or between Borrowersother Credit Party.

Appears in 1 contract

Samples: Credit Agreement (Drugmax Inc)

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