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

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 32 contracts

Samples: Jsce Inc, Indenture (VHS of Phoenix Inc), Credit Agreement (Leap Wireless International Inc)

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Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of (other than pursuant to this Indenture or any kind law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary owned by Interests to the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt owed to the Company or any other Restricted Subsidiary, (iiiii) make loans or advances to the Company or any other Restricted Subsidiary or (iviii) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall However, the preceding restrictions will not restrict any apply to the following encumbrances or restrictionsrestrictions existing under or by reason of:

Appears in 7 contracts

Samples: Indenture (Triumph Group Inc), Triumph Group Inc, Triumph Group Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 4 contracts

Samples: American Color Graphics Inc, Indenture (KMC Telecom Holdings Inc), Leap Wireless International Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will shall not, and will shall not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 3 contracts

Samples: Indenture (Time Warner Telecom Inc), Indenture (Time Warner Telecom Inc), Time Warner Telecom Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will shall not, and will shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) to pay dividends (in cash or otherwise) or make any other distributions permitted by applicable law on any in respect of its Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or to pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, ; (iiiii) to make loans or advances to the Company or any other Restricted Subsidiary Subsidiary; or (iviii) to transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 3 contracts

Samples: Indenture (Qwest Communications International Inc), Indenture (Qwest Communications International Inc), Indenture (Qwest Communications International Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of (other than pursuant to this Indenture or any kind law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary owned by Interests to the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt owed to the Company or any other Restricted Subsidiary, (iiiii) make loans or advances to the Company or any other Restricted Subsidiary or (iviii) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 2 contracts

Samples: Indenture (Moog Inc.), Indenture (Moog Inc.)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to of the Company (i) to pay dividends or make any other distributions permitted by applicable law on any in respect of its Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, Subsidiary of the Company; (iiiii) to make loans or advances to the Company or any other Restricted Subsidiary of the Company; or (iviii) to transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictionsSubsidiary of the Company, except:

Appears in 2 contracts

Samples: Indenture (Teligent Inc), Teligent Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 2 contracts

Samples: Primark Corp, Dobson Communications Corp

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay interest on or principal of any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 2 contracts

Samples: Security Pledge and Intercreditor Agreement (Nutritional Sourcing Corp), Indenture (Nutritional Sourcing Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any Restricted Subsidiary toSubsidiary, to create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary Company, or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 1 contract

Samples: cms.posadas.com

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The (a) Except as provided in clause (b) below, the Company will shall not, and will shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to to: (i1) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary owned by to the Company or any other Restricted Subsidiary, ; (ii2) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, ; (iii3) make loans or advances to the Company or any other Restricted Subsidiary Subsidiary; or (iv4) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary. The foregoing provisions (b) Clause (a) shall not restrict any apply to encumbrances or restrictions:: 97

Appears in 1 contract

Samples: Energy Co of Minas Gerais

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted 50 Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Registration Rights Agreement (Stone Container Finance CO of Canada II)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or 43 advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: GST Telecommunications Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company Issuer will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company Issuer or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company Issuer or any other Restricted Subsidiary, (iii) make loans or advances to the Company Issuer or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company Issuer or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Smurfit-Stone Container Enterprises Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries (that is not a Guarantor) to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of (other than pursuant to this Indenture or any kind law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i1) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary Interests owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, (iii2) make loans or advances to the Company or any other Restricted Subsidiary or (iv3) sell, lease or transfer any of its property or assets to the Company or any other of its Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:Subsidiaries.

Appears in 1 contract

Samples: Indenture (CEB Inc.)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Parent will not, and will not permit any Restricted Subsidiary to, and Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Parent, the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Parent, the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Parent, the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Parent, the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 1 contract

Samples: Cricket Communications Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will may not, and will may not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) to pay dividends (in cash or otherwise) or make any other distributions permitted by applicable law on any in respect of its Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary, ; (iiiii) to make loans or advances to the Company or any other Restricted Subsidiary Subsidiary; or (iviii) to transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict Notwithstanding the foregoing, the Company may, and may permit any encumbrances Restricted Subsidiary to, suffer to exist any such encumbrance or restrictionsrestriction:

Appears in 1 contract

Samples: Indenture (Emergent Group Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of (other than pursuant to this Indenture or any kind law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary Interests owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, (iiiii) make loans or advances to the Company or any other Restricted Subsidiary or (iviii) sell, lease or transfer any of its property or assets to the Company or any other of its Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:Subsidiaries.

Appears in 1 contract

Samples: Supplemental Indenture (Fti Consulting Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i1) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii2) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii3) make loans or advances to the Company or any other Restricted Subsidiary or (iv4) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Indenture (Pacificare Health Systems Inc /De/)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company So long as any of the Securities are outstanding, Holdings will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock capital stock of such Restricted Subsidiary owned by the Company Holdings or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company Holdings or any other Restricted Subsidiary, (iii) make loans or advances to the Company Holdings or any other Restricted Subsidiary or (iv) transfer transfer, subject to certain exceptions, any of its property or assets to the Company Holdings or any other Restricted Subsidiary. The foregoing provisions This covenant shall not restrict or prohibit any encumbrances or restrictionsrestrictions existing:

Appears in 1 contract

Samples: Indenture (Silgan Holdings Inc)

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Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any Restricted Subsidiary other than a Guarantor to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Indenture (Kitty Hawk Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 1 contract

Samples: Indenture (Impsat Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary Interests owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, (iiiii) make loans or advances to the Company or any other Restricted Subsidiary or (iviii) sell, lease or transfer any of its property or assets to the Company or any of its other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:Subsidiaries.

Appears in 1 contract

Samples: Supplemental Indenture (Valassis Communications Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of 49 such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Registration Rights Agreement (Stone Container Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The So long as any of the Notes are outstanding, the Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness or other obligations owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Wyndham Hotel Corp

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (ia) pay dividends dividends, in cash or otherwise, or make any other distributions permitted by applicable law on any or in respect of its Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted SubsidiaryStock, (iib) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iiic) make loans Investments in the Company or advances any other Restricted Subsidiary, (d) transfer any of its properties or assets to the Company or any other Restricted Subsidiary or (ive) transfer guarantee any Indebtedness of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:, except

Appears in 1 contract

Samples: Indenture (Cd Radio Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Prior to the Covenant Change Date, the Company will shall not, and will shall not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (ia) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary its Equity Interests owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary, (iiib) make loans or advances to the Company or any other Restricted Subsidiary thereof, or (ivc) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall ; provided, that, the preceding restrictions will not restrict any apply to the following encumbrances or restrictions:restrictions (including those existing under or by reason of):

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company Borrower will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company Borrower or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company Borrower or any other Restricted Subsidiary, (iii) make loans or advances to the Company Borrower or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company Borrower or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Credit Agreement (Headwaters Inc)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any Restricted Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i1) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii2) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii3) make loans or advances to the Company or any other Restricted Subsidiary or (iv4) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Ingram Micro Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any Restricted 55 49 Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Allegiance Telecom Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will shall not, and will shall not permit any Restricted Subsidiary to, directly or in- directly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to to: (i) pay dividends dividends, in cash or otherwise, or make any other distributions permitted by applicable law on any or in respect of its Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiaryinterest or participation in, or measured by, its profits; (ii) pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary, ; (iii) make loans or advances to the Company or any other Restricted Subsidiary Subsidiary; or (iv) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:.

Appears in 1 contract

Samples: Indenture (Alignvest Acquisition Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any Restricted Subsidiary other than a New Business Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions permitted by applicable law on any Capital Stock of such Restricted Subsidiary owned by the Company or any other Restricted Subsidiary, (ii) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iii) make loans or advances to the Company or any other Restricted Subsidiary or (iv) transfer any of its property or assets to the Company or any other Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:

Appears in 1 contract

Samples: Amazon Com Inc

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, create directly or otherwise indirectly, cause or suffer to exist or become effective or enter into any consensual encumbrance or restriction of (other than pursuant to this Indenture or any kind law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i1) pay dividends or make any other distributions permitted by applicable law on any its Capital Stock of such Restricted Subsidiary Interests owned by the Company or any other Restricted Subsidiary, (ii) Subsidiary or pay any Indebtedness Debt or other obligation owed to the Company or any other Restricted Subsidiary, (iii2) make loans or advances to the Company or any other Restricted Subsidiary or (iv3) sell, lease or transfer any of its property or assets to the Company or any other of its Restricted Subsidiary. The foregoing provisions shall not restrict any encumbrances or restrictions:Subsidiaries.

Appears in 1 contract

Samples: Indenture (Fti Consulting Inc)

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