Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s Equity Interests owned by the Borrower or any Loan Party; (b) pay any Indebtedness owed to the Borrower or any Loan Party; (c) make loans or advances to the Borrower or any Loan Party; or
Appears in 4 contracts
Sources: Term Loan Agreement (NETSTREIT Corp.), Term Loan Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)
Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (ai) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by the Borrower or any a Loan Party; (bii) pay any Indebtedness owed to the Borrower or any a Loan Party; (ciii) make loans or advances to the Borrower or any a Loan Party; oror (iv) transfer any of its property or assets to a Loan Party.
Appears in 2 contracts
Sources: Credit Agreement (Equity One Inc), Credit Agreement (Equity One, Inc.)
Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by the Borrower or any a Loan Party; (b) pay any Indebtedness owed to the Borrower or any a Loan Party; (c) make loans or advances to the Borrower or any Loan Party; or;
Appears in 1 contract
Sources: Loan Agreement (Equity One, Inc.)