Common use of Subsidiary Dividends Clause in Contracts

Subsidiary Dividends. The Borrower's Subsidiaries shall not in any manner either directly or indirectly incur or be bound by any restrictions on dividends from such Subsidiaries to the Borrower, other than those restrictions required by applicable law.

Appears in 5 contracts

Sources: Credit Agreement (Alleghany Corp /De), Secured Credit Agreement (Wells Gardner Electronics Corp), Loan Agreement (Richardson Electronics LTD/De)