Limitation on Restrictions on Distributions from Subsidiaries. The Company shall not, and shall not permit any Subsidiary to, create or cause any contractual restriction (except those contained in agreements relating to Indebtedness permitted hereunder) on the right of any Subsidiary to pay dividends in cash or otherwise, or make any other distributions on or in respect of, its Capital Stock, or pay any Indebtedness or other obligation owed, to the Company or any other Subsidiary.
Appears in 5 contracts
Samples: Indenture (Wheeling Pittsburgh Steel Corp /De), Indenture (Wheeling Pittsburgh Steel Corp /De), Indenture (Wheeling Pittsburgh Corp /De/)
Limitation on Restrictions on Distributions from Subsidiaries. The Company shall not, and shall not permit any Subsidiary to, create or otherwise cause or permit to exist or become effective any contractual consensual encumbrance or restriction (except those contained in agreements relating to Indebtedness permitted hereunder) on the right ability of any such Subsidiary to (i) pay dividends in cash or otherwise, or make any other distributions on or in respect of, its Capital Stock, Stock or pay any Indebtedness or other obligation owed, obligations owed to the Company or any other Subsidiary, (ii) make any loans or advances to the Company or any Subsidiary or (iii) transfer any of its property or assets to the Company or any Subsidiary.
Appears in 2 contracts
Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)
Limitation on Restrictions on Distributions from Subsidiaries. The Company shall not, and shall not permit any Subsidiary to, create or cause any contractual restriction (except those contained in agreements relating to Indebtedness permitted hereunder) on the right of any Subsidiary to pay dividends in cash or otherwise, or make any other distributions on or in respect of, its Capital Stock, or pay any Indebtedness or other obligation owed, to the Company or any other Subsidiary.permitted
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