Restricted Payment. The Borrower will not pay or declare any Restricted Payment to any Person other than to Panhandle Eastern. The Borrower will not permit any Subsidiary to pay or declare any Restricted Payment to any Person other than the Borrower.
Appears in 4 contracts
Sources: Credit Agreement (Southern Union Co), Credit Agreement (Panhandle Eastern Pipe Line Co Lp), Credit Agreement (Southern Union Co)
Restricted Payment. The Borrower will not pay or declare any Restricted Payment to any Person other than to Panhandle Eastern(which may be paid indirectly through distributions to a Subsidiary of Panhandle). The Borrower will not permit any Subsidiary to pay or declare any Restricted Payment to any Person other than the Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Southern Union Co), Credit Agreement (Panhandle Eastern Pipe Line Co Lp)