Subsidiary Distributions. No Initial Guarantor of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such Initial Guarantor’s capital stock, from repaying the Company any loans or advances to such Initial Guarantor from the Company or from transferring any of such Initial Guarantor’s property or assets to the Company or any other Initial Guarantor of the Company, except as described in the Pricing Disclosure Package and the Final Offering Memorandum. (qq) Finder’s or Broker’s or Agent’s Commissions. Except pursuant to this Agreement, neither the Company nor any of the Initial Guarantors has incurred any liability for any finder’s or broker’s fee or agent’s commission in connection with the execution, delivery and performance of this Agreement.
Appears in 3 contracts
Sources: Purchase Agreement (Clayton Williams Energy Inc /De), Purchase Agreement (Clayton Williams Energy Inc /De), Purchase Agreement (Clayton Williams Energy Inc /De)