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

Limitation on Dividends and Other Payment Restrictions. Affecting Subsidiaries. The Company shall not, and shall not permit any ---------------------- Restricted Subsidiary to, directly or indirectly, cause or suffer to exist or become effective, or enter into, any encumbrance or restriction (other than pursuant to law or regulation) on the ability of any Restricted Subsidiary (i) to pay dividends or make any other distributions in respect of its Capital Stock or pay any Indebtedness or other obligation owed to the Company or any Restricted Subsidiary; (ii) to make loans or advances to the Company or any Restricted Subsidiary; or (iii) to transfer any of its Property to the Company or any other Restricted Subsidiary, except:

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, or enter into, effective any consensual encumbrance or restriction (other than pursuant to law or regulation) of any kind on the ability of any Restricted Subsidiary to (ia) to pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock or Stock, (b) pay any Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary; , (iic) to make loans or advances to the Company or any other Restricted Subsidiary; Subsidiary or (iiid) to transfer any of its Property properties or assets to the Company or any other Restricted Subsidiary, exceptexcept for such encumbrances or restrictions existing under or by reason of any of the following: