Payment of Dividends by Subsidiaries Sample Clauses

Payment of Dividends by Subsidiaries. The Company will not and will not permit any Subsidiary to enter into any agreement which restricts the ability of any Subsidiary to declare any dividend or to make any distribution on any Equity Interest of such Subsidiary, other than the restrictions set forth in Schedule 6.11.
AutoNDA by SimpleDocs
Payment of Dividends by Subsidiaries. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiary, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company or any other Subsidiary any loans or advances to such Subsidiary from the Company or any other Subsidiary or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in or contemplated in the Disclosure Package and the Prospectus.
Payment of Dividends by Subsidiaries. The Borrower will not, and will not permit any of its Subsidiaries to, be subject to or enter into any agreement which restricts the ability of any Subsidiary of the Borrower to declare or pay any dividend to the Borrower, to make any distribution on any Equity Interest of such Subsidiary to the Borrower, or to lend money to the Borrower.
Payment of Dividends by Subsidiaries. Subject to any required consent or approval from any applicable Governmental Authority, the Company will cause its Subsidiaries to pay dividends or make other distributions or advances to the Company, to the extent of funds legally available therefor, in sufficient amounts and at sufficient times to enable the Company to have sufficient earnings and funds to pay on a timely basis all amounts due with respect to the Securities and any other amounts due under this Purchase Agreement and the Other Transaction Documents.
Payment of Dividends by Subsidiaries. The Company will cause its ------------------------------------ Subsidiaries to pay dividends or make other distributions or advances to the Company, to the extent of funds legally available therefor and to the extent permitted by the Revolving Credit Facility, in sufficient amounts and at sufficient times to enable the Company to have sufficient earnings and funds to pay on a timely basis all amounts due with respect to Senior Indebtedness and the Notes and any other amounts due under this Agreement.
Payment of Dividends by Subsidiaries. 44 6.12. Transactions with Affiliates...................................44 6.13. Negative Pledge................................................44 6.14. Consolidations, Mergers and Sales of Assets....................46 6.15.
Payment of Dividends by Subsidiaries. No Subsidiary is currently prohibited, directly or indirectly, from paying any dividends to the Issuers, from making any other distribution on such Subsidiary’s partnership interests or membership interests, from repaying to the Issuers any loans or advances to such Subsidiary from the Issuers or from transferring any of such Subsidiary’s property or assets to the Issuers or any other Subsidiary, except as described in or contemplated by the most recent Preliminary Prospectus.
AutoNDA by SimpleDocs
Payment of Dividends by Subsidiaries. Except as disclosed on Schedule 4.16, as supplemented from time to time by notice from the Borrower to the Administrative Agent, and except for restrictions imposed by applicable law, there are no restrictions on the ability of any Subsidiary to declare or pay any dividend or make any other distribution, or advance or loan funds, to the Borrower.
Payment of Dividends by Subsidiaries. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other subsidiary, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company or any other subsidiary any loans or advances to such subsidiary from the Company or any other subsidiary or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company, except as described in or contemplated in the Disclosure Package and the Prospectus (including the bridge loan commitment and the senior secured notes offered concurrently with the Shares, each generally described therein).
Payment of Dividends by Subsidiaries. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other subsidiary, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company or any other subsidiary any loans or advances to such subsidiary from the Company or any other subsidiary or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company, except as described in or contemplated in the Preliminary Offering Memorandum and the Offering Memorandum. (gg) Forward Looking Statements. No forward-looking statement (within the meaning of Section 27A of the Act and Section 21E of the Exchange Act) or presentation of market-related or statistical data contained in the Preliminary Offering Memorandum or Offering Memorandum has been made or reaffirmed without a reasonable basis or has been disclosed in other than good faith. Any certificate signed by an officer of the Company and delivered to the Initial Purchaser or to counsel for the Initial Purchaser shall be deemed to be a representation and warranty by the Company to the Initial Purchaser as to the matters set forth therein.
Time is Money Join Law Insider Premium to draft better contracts faster.