Common use of Limitation on Upstream Dividends by Subsidiaries Clause in Contracts

Limitation on Upstream Dividends by Subsidiaries. Permit or cause any of its Subsidiaries to enter into or agree, or otherwise be or become subject, to any agreement, contract or other arrangement (other than this Agreement) with any Person pursuant to the terms of which (i) such Subsidiary is or would be prohibited from declaring or paying any cash dividends on any class of its Capital Stock owned directly or indirectly by a Borrower or any of the other Subsidiaries or from making any other distribution on account of any class of any such Capital Stock (herein referred to as "Upstream Dividends"), or (ii) the declaration or payment of Upstream Dividends by a Subsidiary to a Borrower or another Subsidiary, on an annual or cumulative basis, is or would be otherwise limited or restricted.

Limitation on Upstream Dividends by Subsidiaries. Permit or cause any of its the Subsidiaries to enter into or agree, or otherwise be or become subject, to any agreement, contract or other arrangement (other than this Agreement) with any Person pursuant to the terms of which (ia) such Subsidiary is or would be prohibited from declaring or paying any cash dividends on any class of its Capital Stock stock owned directly or indirectly by a Borrower the Company or any of the other Subsidiaries or from making any other distribution on account of any class of any such Capital Stock stock (herein referred to as "Upstream Dividends"), or (iib) the declaration or payment of Upstream Dividends by a Subsidiary to a Borrower the Company or another Subsidiary, on an annual or cumulative basis, is or would be otherwise limited or restricted.

Limitation on Upstream Dividends by Subsidiaries. Permit or cause any of its Subsidiaries to enter into or agree, or otherwise be or become subject, to any agreement, contract or other arrangement (other than this Agreement) with any Person pursuant to the terms of which (i) such Subsidiary is or would be prohibited from declaring or paying any cash dividends on any class of its Capital Stock owned directly or indirectly by a Borrower the Parent or any of the other Subsidiaries or from making any other distribution on account of any class of any such Capital Stock (herein referred to as "Upstream Dividends"), or (ii) the declaration or payment of Upstream Dividends by a Subsidiary to a Borrower the Parent or another Subsidiary, on an annual or cumulative basis, is or would be otherwise limited or restricted.

Limitation on Upstream Dividends by Subsidiaries. Permit or cause The Borrower shall not permit any of its Subsidiaries Subsidiary to enter into or agree, or otherwise be or become subject, to any agreement, contract or other arrangement (other than this Agreement) with any Person pursuant to the terms of which (ia) such Subsidiary is or would be prohibited from declaring or paying any cash dividends or distributions on any class of its Capital Stock stock or any partnership interests owned directly or indirectly by a the Borrower or any of the other Subsidiaries or from making any other distribution on account of any class of any such Capital Stock stock or any such partnership interests (herein referred to as "Upstream Dividends"), ) or (iib) the declaration or payment of Upstream Dividends by a Subsidiary to a the Borrower or to another Subsidiary, on an annual or cumulative basis, is or would be otherwise limited or restricted.

Limitation on Upstream Dividends by Subsidiaries. 55 Permit or cause any of its the Subsidiaries to enter into or agree, or otherwise be or become subject, to any agreement, contract or other arrangement (other than this Agreement) with any Person pursuant to the terms of which (ia) such Subsidiary is or would be prohibited from declaring or paying any cash dividends on any class of its Capital Stock stock owned directly or indirectly by a Borrower the Company or any of the other Subsidiaries or from making any other distribution on account of any class of any such Capital Stock stock (herein referred to as "Upstream Dividends"), or (iib) the declaration or payment of Upstream Dividends by a Subsidiary to a Borrower the Company or another Subsidiary, on an annual or cumulative basis, is or would be otherwise limited or restricted.