Common use of Limitation on Dividend Restrictions, etc Clause in Contracts

Limitation on Dividend Restrictions, etc. The Borrower will not permit any Restricted Subsidiary to enter into, adopt, create or otherwise be or become bound by or subject to any contract or charter or by-law provision limiting the amount of, or otherwise imposing restrictions on the declaration, payment or setting aside of funds for the making of, any Distributions in respect of the capital stock of such Restricted Subsidiary to the Borrower or another Restricted Subsidiary.

Appears in 4 contracts

Samples: Revolving Credit Facility Agreement (Lennox International Inc), Advance Term Credit Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)

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