Common use of Limitation on Unrestricted Subsidiaries Clause in Contracts

Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 1009. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant (i) shall be treated as the payment of a Restricted Payment in calculating the amount of Restricted Payments made by the Company and (ii) may be made in cash or property.

Appears in 5 contracts

Samples: Indenture (Sinclair Broadcast Group Inc), Indenture (Sinclair Broadcast Group Inc), Indenture (Sinclair Broadcast Group Inc)

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Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the its Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 1009. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant (i) shall will be treated as the payment of a Restricted Payment in calculating the amount of Restricted Payments made by the Company and (ii) may be made in cash or property.

Appears in 3 contracts

Samples: Indenture (Sinclair Broadcast Group Inc), Lease Agreement (Sinclair Broadcast Group Inc), Sinclair Broadcast (Sinclair Broadcast Group Inc)

Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the its Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 1009. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant Section 1017 (i) shall be treated as the payment making of a Restricted Payment in calculating the amount of Restricted Payments made by the Company or a Restricted Subsidiary and (ii) may be made in cash or property.

Appears in 2 contracts

Samples: Nine West Group Inc /De, Nine West Group Inc /De

Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 1009. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant (i) shall be treated as the payment of a Restricted Payment in calculating the amount of Restricted Payments made by the Company and (ii) may be made in cash or property. Section 1018 Provision of Financial Statements.

Appears in 2 contracts

Samples: Indenture (Sinclair Broadcast Group Inc), Indenture (Sinclair Broadcast Group Inc)

Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the its Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 100910.09. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant (i) shall will be treated as the payment of a Restricted Payment in calculating the amount of Restricted Payments made by the Company and (ii) may be made in cash or property.

Appears in 1 contract

Samples: Indenture (Salem Communications Corp /De/)

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Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the its Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 10091008. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant Section 1019 (i) shall be treated as the payment making of a Restricted Payment in calculating the amount of Restricted Payments made by the Company or a Restricted Subsidiary and (ii) may be made in cash or property.

Appears in 1 contract

Samples: Tmil Corp

Limitation on Unrestricted Subsidiaries. The Company shall not make, and shall not permit any of the its Restricted Subsidiaries to make, any Investments in Unrestricted Subsidiaries if, at the time thereof, the aggregate amount of such Investments would exceed the amount of Restricted Payments then permitted to be made pursuant to Section 10091008. Any Investments in Unrestricted Subsidiaries permitted to be made pursuant to this covenant Section 1019 (i) shall be treated as the payment making of a Restricted Payment in calculating the amount of Restricted Payments made by the Company or a Restricted Subsidiary and (ii) may be made in cash or property.. 101

Appears in 1 contract

Samples: Tmil Corp

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