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 of Subsidiaries of the Borrower (i) to pay dividends or to make any other distribution on any shares of Capital Stock of such Subsidiary owned by the Borrower or any of its Subsidiaries, (ii) to pay or prepay or to subordinate any Indebtedness owed to the Borrower or any of its Subsidiaries, (iii) to make loans or advances to the Borrower or any of its Subsidiaries or (iv) to transfer any of its property or assets to the Borrower 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 (i) through (iv) of this Section 7.02

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 of its Subsidiaries of the Borrower (i) to pay dividends or to make any other distribution on any shares of Capital Stock of such Subsidiary owned by the Borrower Parent or any of its Subsidiaries, (ii) to pay or prepay or to subordinate any Indebtedness owed to the Borrower Parent or any of its Subsidiaries, (iii) to make loans or advances to the Borrower Parent or any of its Subsidiaries or (iv) to transfer any of its property or assets to the Borrower Parent or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; providedPROVIDED, howeverHOWEVER, that nothing in any of clauses (i) through (iv) of this Section 7.026.02

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 of Subsidiaries of the Borrower Parent (i) to pay dividends or to make any other distribution on any shares of Capital Stock of such Subsidiary owned by the Borrower Parent or any of its Subsidiaries, (ii) to pay or prepay or to subordinate any Indebtedness owed to the Borrower Parent or any of its Subsidiaries, (iii) to make loans or advances to the Borrower Parent or any of its Subsidiaries or (iv) to transfer any of its property or assets to the Borrower Parent or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; providedPROVIDED, howeverHOWEVER, that nothing in any of clauses (i) through (iv) of this Section 7.02