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

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or permit to exist or become effective any encumbrance or restriction on the ability of any Restricted Subsidiary of the Company to (a) pay dividends or make any other distributions on or in respect of its Capital Stock; (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of the Company; or (c) transfer any of its property or assets to the Company or any other Restricted Subsidiary of the Company, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;

Appears in 3 contracts

Samples: Indenture (Color Spot Nurseries Inc), Indenture (Color Spot Nurseries Inc), Indenture (Metals Usa Inc)

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Limitation on Dividends 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 cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary of the Company to to: (ai) pay dividends or make any other distributions on or in respect of its Capital Stock; (b) make loans Stock to the Company or advances any other Restricted Subsidiary or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of Subsidiary; (ii) make loans or advances to, or make any Investment in, the CompanyCompany or any other Restricted Subsidiary; or or (ciii) transfer any of its property or assets to the Company or any other Restricted Subsidiary of the Company, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;Subsidiary.

Appears in 2 contracts

Samples: Indenture (Cemex Sab De Cv), Indenture (Cemex Sab De Cv)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of Subsidiary, (c) make loans or advances to the Company; Company or any other Restricted Subsidiary, or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;of any of the following:

Appears in 2 contracts

Samples: Indenture (Laidlaw Environmental Services Inc), Indenture (Safety Kleen Corp/)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of Subsidiary, (c) make loans or advances to the Company; Company or any other Restricted Subsidiary, or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;:

Appears in 1 contract

Samples: Indenture (Ameristeel Corp)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation Debt owed to the Company or any other Restricted Subsidiary, (c) make loans or advances to the Company or any other Restricted Subsidiary of the Company; or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;of any of the following:

Appears in 1 contract

Samples: Indenture (Tri State Outdoor Media Group Inc)

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Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation Debt owed to the Company or any other Restricted Subsidiary of Subsidiary, (c) make loans or advances to the Company; Company or any other Restricted Subsidiary, or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;of any of the following:

Appears in 1 contract

Samples: Indenture (Tropical Sportswear Co Inc)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any consensual encumbrance or consensual restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary, (c) make loans or advances to the Company or any other Restricted Subsidiary of the Company; or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing imposed under or by reason of: (1) applicable law; (2) this Indenture;:

Appears in 1 contract

Samples: Indenture (Afa Products Inc)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not cause or permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, create or otherwise cause or permit suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary of the Company to (a) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock; , (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary, (c) make loans or advances to the Company or any other Restricted Subsidiary of the Company; or (cd) transfer any of its property properties or assets to the Company or any other Restricted Subsidiary of the CompanySubsidiary, except for such encumbrances or restrictions existing under or by reason of: (1) applicable law; (2) this Indenture;:

Appears in 1 contract

Samples: Indenture (Shop at Home Inc /Tn/)

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