Common use of Limitation on Certain Restrictions on Subsidiaries Clause in Contracts

Limitation on Certain Restrictions on Subsidiaries. Each of the Company and any Restricted Subsidiary will not, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by the Company or any Restricted Subsidiary, or pay any Indebtedness owed to the Company or any Restricted Subsidiary, (b) make loans or advances to the Company or any Restricted Subsidiary or (c) transfer any of its properties or assets to the Company or any Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 6 contracts

Samples: Fourth Amendment (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.)

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Limitation on Certain Restrictions on Subsidiaries. Each of the The Company and any Restricted Subsidiary will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary of the Company to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by the Company or any Restricted Subsidiaryof its Subsidiaries, or pay any Indebtedness owed to the Company or any Restricted SubsidiarySubsidiary of the Company, (b) make loans or advances to the Company or any Restricted Subsidiary of the Company or (c) transfer any of its properties or assets to the Company or any Restricted SubsidiarySubsidiary of the Company, except in each case for such encumbrances or restrictions existing under or by reason ofrestrictions:

Appears in 2 contracts

Samples: Pledge and Security Agreement (Host Hotels & Resorts, Inc.), Pledge and Security Agreement (Host Hotels & Resorts, Inc.)

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Limitation on Certain Restrictions on Subsidiaries. Each of the Company Holdings and any Restricted Subsidiary will not, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by the Company Holdings or any Restricted Subsidiary, or pay any Indebtedness owed to the Company Holdings or any Restricted Subsidiary, (b) make loans or advances to the Company Holdings or any Restricted Subsidiary or (c) transfer any of its properties or assets to the Company Holdings or any Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Credit Agreement (ONESPAWORLD HOLDINGS LTD)

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