Specific Restrictions. Each Seller may make Restricted Payments only out of Collections paid or released to such Seller pursuant to Section 1.6 of the Agreement. Furthermore, no Seller shall pay, make or declare any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.
Appears in 4 contracts
Sources: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc)
Specific Restrictions. Each The Seller may make Restricted Payments only out of Collections paid or released to such the Seller pursuant to Section 1.6 of the Agreement. Furthermore, no the Seller shall not pay, make or declare any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Foodservice, Inc.), Receivables Purchase Agreement (Manitowoc Co Inc)
Specific Restrictions. Each The Seller may make Restricted Payments only out of Collections paid or released to such the Seller pursuant to Section 1.6 1.4 of the Agreement. Furthermore, no the Seller shall not pay, make or declare any Restricted Payment (including any Dividend) if, after giving effect thereto, any Termination Event or Unmatured Termination Event shall have occurred and be continuing.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Johnsondiversey Holdings Inc)