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 Corporation 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 on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions to the Corporation or any other Restricted Subsidiary on its Capital Stock, or pay any Indebtedness owed to the Corporation or any other Restricted Subsidiary, make loans or advances to the Corporation or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Corporation or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of

Appears in 2 contracts

Samples: Collateral Security Agreement (Ampex Corp /De/), Ampex Corp /De/

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Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. (i) The Corporation will Company 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 or enter into any consensual encumbrance or restriction (other than pursuant to law or regulation) on the ability of any Restricted Subsidiary (a) to (i) pay dividends or make any other distributions to the Corporation or any other Restricted Subsidiary on in respect of its Capital Stock, Stock or pay any Indebtedness debt or other obligation owed to the Corporation Company or any other Restricted Subsidiary, ; (b) to make loans or advances to the Corporation or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances ; or restrictions existing under (c) to transfer any of its property or by reason ofassets to the Company or any other Restricted Subsidiary.

Appears in 2 contracts

Samples: Indenture (United States Can Company /De/), Indenture (Us Can Corp)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation will Company shall 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 to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary Subsidiary, or (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Ameristeel Corp

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation will Company 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 (ia) pay dividends dividends, in cash or otherwise, or make any other distributions to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness Debt owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary or (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason ofof any of the following:

Appears in 1 contract

Samples: Tri State Outdoor Media Group Inc

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation 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 to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary or (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Shop at Home Inc /Tn/

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation will Company shall not, and will shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or allow to become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary (a) to (i) pay dividends dividends, in cash or otherwise, or make any other distributions to the Corporation or any other Restricted Subsidiary on its Capital Stock, or pay make payments on any Indebtedness owed owed, to the Corporation Company or any other Restricted Subsidiary, (b) to make loans or advances to the Corporation Company or any other Restricted Subsidiary, (c) to transfer any of its Property to the Company or any other Restricted Subsidiary or (iiid) transfer to guarantee the Securities (any of its properties or assets such restrictions being collectively referred to the Corporation or any other Restricted Subsidiaryherein as a "Payment Restriction"), except for such encumbrances or restrictions existing under or by reason ofin any such

Appears in 1 contract

Samples: Cliffs Drilling Co

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation 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 or enter into an encumbrance or restriction (other than pursuant to law or regulation) on the ability of any Restricted Subsidiary to (i) to pay dividends or make any other distributions to the Corporation or any other Restricted Subsidiary on in respect of its Capital Stock, Stock or pay any Indebtedness or other obligation owed to the Corporation Company or any other Restricted Subsidiary, Subsidiary of the Company; (ii) to make loans or advances to the Corporation Company or any Restricted Subsidiary of the Company; or (iii) to transfer any of its Property or assets to the Company or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Corporation or any other Restricted SubsidiaryCompany, except for such encumbrances or restrictions existing under or by reason ofexcept:

Appears in 1 contract

Samples: Indenture (PLD Telekom Inc)

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Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation 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 or enter into any consensual encumbrance or restriction (other than pursuant to applicable laws or regulations) on the ability of any Restricted Subsidiary to (i) to pay dividends dividends, make redemption payments or make any other distributions in respect of its Capital Stock, or repay any Indebtedness or other obligation owed to the Corporation Company or any other Restricted Subsidiary on its Capital Stockof the Company, or pay any Indebtedness owed (ii) to the Corporation or any other Restricted Subsidiary, make loans or advances to the Corporation Company or any other Restricted Subsidiary of the Company, or (iii) to transfer any of its properties property or assets to the Corporation Company or any other Restricted SubsidiarySubsidiary of the Company, except for such encumbrances or restrictions existing under or by reason offor:

Appears in 1 contract

Samples: Preferred Stock Subscription Agreement (Cga Group LTD)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation will Company 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 (ia) pay dividends dividends, in cash or otherwise, or make any other distributions to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness Debt owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary Subsidiary, or (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason ofof 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 Corporation will Company 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 consensual 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 to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary or (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing imposed under or by reason of:

Appears in 1 contract

Samples: Satisfaction And (Afa Products Inc)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Corporation will Company 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 (ia) pay dividends dividends, in cash or otherwise, or make any other distributions to the Corporation on or any other Restricted Subsidiary on in respect of its Capital Stock, or (b) pay any Indebtedness owed to the Corporation Company or any other Restricted Subsidiary, (c) make loans or advances to the Corporation Company or any other Restricted Subsidiary or Subsidiary, (iiid) transfer any of its properties or assets to the Corporation Company or any other Restricted Subsidiary or (e) guarantee any Indebtedness of the Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Indenture (CFP Holdings Inc)

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