Common use of Dividend and Other Payment Restrictions Affecting Subsidiaries Clause in Contracts

Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: (i) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any of its Restricted Subsidiaries; (ii) make loans or advances to the Company or any of its Restricted Subsidiaries; or (iii) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing restrictions shall not apply to encumbrances or restrictions existing under or by reason of:

Appears in 6 contracts

Samples: Form of Indenture (Valimar Home & Land Company, LLC), Supplemental Indenture (Wci Communities Inc), Indenture (Communities Home Builders Inc)

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Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit otherwise permit, cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: to (ia)(i) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries or with respect to any other interest or participation in, or measured by, its profits, profits or (ii) pay any Indebtedness indebtedness owed to the Company or any of its Restricted Subsidiaries; , (iib) make loans or advances to the Company or any of its Restricted Subsidiaries; Subsidiaries or (iiic) sell, lease or transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing restrictions shall not apply to , except for such encumbrances or restrictions existing under or by reason reasons of:

Appears in 4 contracts

Samples: Indenture (Akoustis, Inc.), Indenture (Akoustis Technologies, Inc.), First Supplemental Indenture (Akoustis Technologies, Inc.)

Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: (ia) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any of its Restricted Subsidiaries; (iib) make loans or advances to the Company or any of its Restricted Subsidiaries; or (iiic) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing However, the preceding restrictions shall not apply to encumbrances or restrictions existing under or by reason of:

Appears in 4 contracts

Samples: Indenture (Assisted Living Concepts Inc), Exhibit T3c (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)

Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: (ia) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries or with respect to any other interest or participation in, or measured by, its profitsSubsidiaries, or pay any Indebtedness indebtedness owed to the Company or any of its Restricted Subsidiaries; (iib) make loans or advances to the Company or any of its Restricted Subsidiaries; or (iiic) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing However, the preceding restrictions shall will not apply to encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Indenture (Penn National Gaming Inc)

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Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: (i1) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness indebtedness owed to the Company or any of its Restricted Subsidiaries; (ii2) make loans or advances to the Company or any of its Restricted Subsidiaries; or (iii3) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing restrictions shall preceding paragraph will not apply to encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: G & G Retail Inc

Dividend and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: (ia) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any of its Restricted Subsidiaries; (iib) make loans or advances to the Company or any of its Restricted Subsidiaries; or (iiic) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries. The foregoing preceding restrictions shall will not apply to encumbrances or restrictions existing under or by reason of:: (1) Existing Indebtedness as in effect on the date hereof and any amendments, modifications,

Appears in 1 contract

Samples: HWCC Shreveport Inc

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