No Impairment of Upstreaming. No Credit Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making of intercompany loans by a Subsidiary of First Intermediate Parent (other than a Subsidiary which is not wholly owned and which is not a Credit Party) to any other Subsidiary of First Intermediate Parent.
No Impairment of Upstreaming. Borrower shall not, nor shall Borrower permit or cause any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making of Intercompany Loans by any Subsidiary to Borrower.
No Impairment of Upstreaming. Except to the extent required by Applicable Law, OSFI or any other Governmental Authority, neither the Borrower nor any of its Subsidiaries shall directly or indirectly enter into, assume or be bound by any agreement or instrument that restricts or limits the ability of any of the Borrower’s Subsidiaries to make dividend payments or other distributions in respect of its capital stock, to repay obligations owed to the Borrower or any of its other Subsidiaries, to make loans or advances to the Borrower or any of its other Subsidiaries, or to transfer any of its assets or properties to the Borrower or any of its other Subsidiaries, in each case other than such restrictions or encumbrances existing under or by reason of this Agreement, the Revolving Credit Agreement, the US Term Loan Agreement, the Target Public Debt or the Target RT1 Notes.
No Impairment of Upstreaming. Except to the extent that an Insurance Subsidiary is regulated by an Insurance Regulatory Authority, neither Borrower, nor Kingsway America nor any of their Subsidiaries shall directly or indirectly enter into, assume or be bound by any agreement or instrument that restricts or limits the ability of the Borrowers, Kingsway America or any of their Subsidiaries to make dividend payments or other distributions in respect of its capital stock, to repay indebtedness owed to a Borrower, Kingsway America or any of their Subsidiaries, to make loans or advances to a Borrower, Kingsway America or any of their Subsidiaries, or to transfer any of its assets or properties to a Borrower, Kingsway America or any of their Subsidiaries, in each case other than such restrictions or encumbrances existing under or by reason of the Loan Documents.
No Impairment of Upstreaming. Except in connection with any current asset financing by a Foreign Subsidiary permitted by and made in accordance with Section 1.2(b), Borrower shall not, and shall not cause or permit any Subsidiary to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making of Intercompany Loans by any Subsidiary to Borrower.
No Impairment of Upstreaming. Neither Borrower shall, or shall cause or permit any Subsidiary to, directly or indirectly, enter into, assume or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement, the other Loan Documents and the NOW Canada Credit Agreement) which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making of intercompany loans by a Subsidiary of either Borrower to either Borrower or between Borrowers.
No Impairment of Upstreaming it will not, nor will it allow or suffer any of the other Credit Parties to, directly or indirectly, enter into, assume or be bound by any agreement, instrument, indenture or other obligation (other than any Operative Document) which could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or other Distributions or the making of intercompany loans by any such Credit Party to the Borrowers;
No Impairment of Upstreaming. Except to the extent that an Insurance Subsidiary is regulated by an Insurance Regulatory Authority, neither Borrower, nor Kingsway America nor any Subsidiary shall directly or indirectly enter into, assume or be bound by any agreement or instrument that restricts or limits the ability of the Borrowers, Kingsway America or any Subsidiary to make dividend payments or other distribution in respect of its capital stock, to repay indebtedness owed to a Borrower, Kingsway America or any other Subsidiary, to make loans or advances to a Borrower, Kingsway America or any Subsidiary, or to transfer any of its assets or properties to a Borrower, Kingsway America or any Subsidiary, in each case other than such restrictions or encumbrances existing under or by reason of the Loan Documents.
No Impairment of Upstreaming. Except to the extent that an Insurance Subsidiary is regulated by an Insurance Regulatory Authority, neither Borrower, nor the Guarantor nor any Subsidiary shall directly or indirectly enter into, assume or be bound by any agreement or instrument that restricts or limits the ability of the Borrowers, the Guarantor or any Subsidiary to make dividend payments or other distribution in respect of its capital stock, to repay indebtedness owed to a Borrower, the Guarantor or any other Subsidiary, to make loans or advances to a Borrower, the Guarantor or any Subsidiary, or to transfer any of its assets or properties to a Borrower, the Guarantor or any Subsidiary, in each case other than such restrictions or encumbrances existing under or by reason of the Loan Documents.
