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 shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause to become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions to the Company or any other Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (ii) make loans or advances to, or issue guarantees for the benefit of, the Company or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 4 contracts

Samples: Indenture (Hawk Motors Inc), Indenture (Hawk Brake Inc), Indenture (Hawk Corp)

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Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company shall not, and 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 Company on or any other Restricted Subsidiary on in respect of its Capital Stock or with respect to any other interest or participation inStock, or measured by, its profits, or (b) pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (iic) make loans or advances to, or issue guarantees for the benefit of, to the Company or any other Restricted Subsidiary Subsidiary, or (iiid) transfer any of its properties or assets to the Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason ofof any of the following:

Appears in 2 contracts

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

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause to become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions to the Company or any other Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (ii) make loans or advances to, or issue guarantees Guarantees for the benefit of, the Company or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 2 contracts

Samples: International Knife & Saw Inc, Icn Pharmaceuticals Inc

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause suffer to exist or allow to become effective any consensual encumbrance or consensual restriction of any kind on the ability of any Restricted Subsidiary Subsidiary: (a) to (i) pay dividends dividends, in cash or otherwise, or make any other distributions to the Company on or any other Restricted Subsidiary on in respect of its Capital Stock or with respect to any other interest or participation inStock, or measured by, its profits, or pay make payments on any Indebtedness owed owed, to the Company or any other Restricted Subsidiary, (iib) to make loans or advances to, or issue guarantees for the benefit of, to the Company or any other Restricted Subsidiary or (iiic) to transfer any of its properties or assets Property to the Company or any other Restricted SubsidiarySubsidiary (any such restrictions being collectively referred to herein as a “Payment Restriction”). However, except for such the preceding restrictions will not apply to encumbrances or restrictions existing under or by reason of:

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (Comstock Oil & Gas GP, LLC), Indenture (Comstock Oil & Gas GP, LLC)

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Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company shall will not, and shall will not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause to become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions to the Company or any other Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (ii) make loans or advances to, or issue guarantees any guaranty for the benefit of, the Company or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to 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 (Phibro Animal Health Corp)

Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company shall will not, and shall not nor will it permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause to become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions to the Company or any other Restricted Subsidiary on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any other Restricted Subsidiary, (ii) make loans or advances to, or issue guarantees any guaranty for the benefit of, the Company or any other Restricted Subsidiary or (iii) transfer any of its properties or assets to the Company or any other Restricted Subsidiary, except for such encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Pahc Holdings Corp

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