Common use of Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries Clause in Contracts

Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries. Create or otherwise cause, incur, assume, suffer or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of any Loan Party (a) to pay dividends or to make any other distribution on any shares of Equity Interests of such Subsidiary owned by any Loan Party or any of its Subsidiaries, (b) to pay or prepay or to subordinate any Indebtedness owed to any Loan Party or any of its Subsidiaries, (c) to make loans or advances to any Loan Party or any of its Subsidiaries or (d) to transfer any of its property or assets to any Loan Party or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; provided, however, that nothing in any of clauses (a) through (d) of this Section 6.18 shall prohibit or restrict compliance with: (i) this Agreement and the other Loan Documents; (ii) the ABL Credit Agreement and the other ABL Loan Documents;

Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries. Create or otherwise cause, incur, assume, suffer or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of any Loan Issuer Party (ai) to pay dividends or to make any other distribution on any shares of Equity Interests Capital Stock of such Subsidiary owned by any Loan Issuer Party or any of its Subsidiaries, (bii) to pay or prepay or to subordinate any Indebtedness owed to any Loan Issuer Party or any of its Subsidiaries, (ciii) to make loans or advances to any Loan Issuer Party or any of its Subsidiaries or (div) to transfer any of its property or assets to any Loan Issuer Party or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; provided, however, that nothing in any of clauses (ai) through (div) of this Section 6.18 6.02(k) shall prohibit or restrict compliance with: (i) this Agreement and the other Loan Documents; (ii) the ABL Credit Agreement and the other ABL Loan Documents;