Limitation on Restrictive Covenants. The Borrower shall not and shall not ----------------------------------- permit any Subsidiary to permit to exist any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise) of any Subsidiary to (a) pay dividends or make any other distributions on its Capital Securities held by the Borrower or any other Subsidiary, (b) pay any obligation owed to the Borrower or any other Subsidiary, (c) make any loans or advances to or investments in the Borrower or in any other Subsidiary, (d) transfer any of its property or assets to the Borrower or any other Subsidiary, (e) incur any Indebtedness to the Borrower or (f) create any Lien upon its property or assets whether now owned or hereafter acquired or upon any revenues, income or profits therefrom.
Limitation on Restrictive Covenants. Permit to exist, at any time, any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise) of any Subsidiary to (a) pay dividends or make any other distributions on shares of its capital stock held by the Borrower or any other Subsidiary, (b) pay any obligation owed to the Borrower or any other Subsidiary, (c) make any loans or advances to or investments in the Borrower or in any other Subsidiary, (d) transfer any of its property or assets to the Borrower or any other Subsidiary or (e) create any Lien upon its property or assets whether now owned or hereafter acquired or upon any income or profits therefrom, except that this Section 4.16 shall not apply to Permitted Restrictive Covenants.
Limitation on Restrictive Covenants. Notwithstanding any other provision of this Indenture, the restrictive covenants set forth in this Indenture, including, without limitation, those set forth in Sections 4.7, 4.9, 4.10, 4.11 and 5.1 shall be and shall be deemed limited to the extent necessary so that the creation, existence and effectiveness of such restrictive covenants shall not result in a breach of the covenant set forth in Section 4.8 of the Senior Subordinated Indentures.
Limitation on Restrictive Covenants. The parties recognize that the services to be rendered by Employee hereunder are special, unique and of an extraordinary character. However, it is the intention of the parties to restrict the activities of Employee only to the extent necessary for the protection of Employer's legitimate business interests. The parties specifically agree that should any provision set forth in Sections 7 or 8 under any set of circumstances not now presently foreseen by the parties, be deemed too broad for that purpose, said provisions will nevertheless be valid and enforceable to the extent necessary for such protection.
Limitation on Restrictive Covenants. Notwithstanding any other provisions of this Indenture, the restrictive covenants set forth herein for so long as the Old Indenture and the First Lien Indenture remain in effect, shall be and shall be deemed limited to the extent necessary so that the creation, existence and effectiveness of such restrictive covenant shall not result in a breach of the covenant of the Old Indenture or of the First Lien Indenture relating to "Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries."
Limitation on Restrictive Covenants. 57 7.12 Issuance or Disposition of Capital Securities.......................................... 57 7.13 Investments............................................................................ 58 7.14 Business............................................................................... 58 7.15 Fiscal Year............................................................................ 58 7.16
Limitation on Restrictive Covenants. Permit to exist, at any time, any consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise) of any Consolidated Subsidiary to (a) pay dividends or make any other distributions on shares of its capital stock or other ownership interests held by the Borrower or any other Consolidated Subsidiary, (b) pay any obligation owed to the Borrower or any Consolidated Subsidiary, (c) make any loans or advances to or investments in the Borrower or any Consolidated Subsidiary, (d) transfer any of its property or assets to the Borrower or any Consolidated Subsidiary or (e) create any Lien upon its property or assets whether now owned or hereafter acquired or upon any income or profits therefrom, except that this Section 4.16 shall not apply to Permitted Restrictive Covenants.
Limitation on Restrictive Covenants. The Borrower shall ----------------------------------- not, and shall not permit any Subsidiary to, directly or indirectly permit to exist, at any time, any #90068563. consensual restriction limiting the ability (whether by covenant, event of default, subordination or otherwise) of any Subsidiary to (a) pay dividends or make any other distributions on shares of its capital stock held by the Borrower or any other Subsidiary, (b) pay any obligation owed to the Borrower or any other Subsidiary, (c) make any loans or advances to or investments in the Borrower or in any other Subsidiary, (d) transfer any of its property or assets to the Borrower or any other Subsidiary, or (e) create any Lien upon its property or assets whether now owned or hereafter acquired or upon any income or profits therefrom, except that this Section 4.12 shall not apply to Permitted Restrictive Covenants.
Limitation on Restrictive Covenants. Except for the covenants in the Metropolitan Agreement as existing on the date of this Agreement, incur, or suffer to exist, any Funded Debt or Current Debt with covenants more restrictive than the covenants contained herein. In the event the Borrower does enter into any Current Debt or Funded Debt with covenants more restrictive than the covenants contained herein (the "Restricted Debt") then the more restrictive covenants shall automatically and immediately be incorporated herein without further action or amendment to this Agreement. Once the Restricted Debt has been paid in full and all documents in connection therewith terminated, the covenants in this Agreement shall automatically and immediately revert back to the covenants which existed on the date of this Agreement, or as subsequently modified by agreement of the Borrower and the Bank, without further action or amendment to this Agreement.
Limitation on Restrictive Covenants. Notwithstanding any other provision of this Indenture, the restrictive covenants set forth herein, including, without limitation, those described under Section 10.10 hereof, shall be and shall be deemed limited to the extent necessary so that the creation, existence and effectiveness of such restrictive covenants shall not result in a breach of Section 10.19 of the 1997 Indenture, which limits dividend and other payment restrictions affecting certain subsidiaries of the Company.
