Common use of Additional Restrictive Covenants Clause in Contracts

Additional Restrictive Covenants. No Credit Party shall, or shall permit any of its Subsidiaries to, directly of indirectly, create or otherwise cause or suffer to exist or become effective (a) any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise and including any such the effect of which is to require the providing of equal and ratable security to any other Person in the event a Lien is granted to or for the benefit of Lender) to (i) pay dividends or make any other distributions on shares of its Capital Securities held by such Credit Party or any other Subsidiary of such Credit Party; (ii) pay any Liability owed to such Credit Party or any other Subsidiary of such Credit Party; (iii) make any loans or advances to, or other Investments in, such Credit Party or in any other Subsidiary of such Credit Party; or (iv) create or permit to exist any Lien upon the assets of such Credit Party or any Subsidiary of such Credit Party, other than Liens permitted under Section 7.3; or (b) any contractual obligation which may restrict or inhibit Lender’s rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence of an Event of Default, other than Permitted Restrictive Covenants.

Additional Restrictive Covenants. No Credit Party shall, or shall permit any of its Subsidiaries to, directly of indirectly, create or otherwise cause or suffer to exist or become effective (a) any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise and including any such the effect of which is to require the providing of equal and ratable security to any other Person in the event a Lien is granted to or for the benefit of Lender) to (i) pay dividends or make any other distributions on shares of its Capital Securities held by such Credit Party or any other Subsidiary of such Credit Party; (ii) pay any Liability owed to such Credit Party or any other Subsidiary of such Credit Party; (iii) make any loans or advances to, or to other Investments in, in such Credit Party or in any other Subsidiary of such Credit Party; or (iv) create or permit to exist any Lien upon the assets of such Credit Party or any Subsidiary of such Credit Party, other than Liens permitted under Section 7.3; or (b) any contractual obligation which may restrict or inhibit Lender’s rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence of an Event of Default, ; other than Permitted Restrictive Covenants.

Additional Restrictive Covenants. No Except for Permitted Restrictive Covenants, no Credit Party shall, directly or shall permit any of its Subsidiaries to, directly of indirectly, create or otherwise cause or suffer to exist or become effective (a) any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise and including any such action the effect of which is to require the providing of equal and ratable security to any other Person in the event a Lien is granted to or for the benefit of Lenderan Agent and the Lenders) to (i) pay dividends or make any other distributions on shares of its Capital Securities held by such Credit Party or any other Subsidiary of such Credit Party; (ii) pay any Liability owed to such Credit Party or any other Subsidiary of such Credit Party; (iii) make any loans or loans, advances to, or other Investments in, such Credit Party or in any other Subsidiary of such Credit Party; or (iv) create or permit to exist any Lien upon the assets of such Credit Party or any Subsidiary of such Credit Party, other than Liens permitted under Section 7.3SECTION 8.4; or (bB) any contractual obligation which may restrict or inhibit Lender’s an Agent's rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence of an Event of Default, other than Permitted Restrictive Covenants.