Common use of No Restriction on Distributions; No Negative Pledges Clause in Contracts

No Restriction on Distributions; No Negative Pledges. Except pursuant to the Loan Documents, no Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of ASHS or any of its Subsidiaries to pay dividends or make any other distribution on any of the Stock of such Loan Party or Subsidiary. No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any contractual obligation prohibiting or otherwise restricting the existence of any Lien upon any of its assets in favor of Lender, whether now owned or hereafter acquired except in connection with any document or instrument governing Liens permitted pursuant to Section 5.7(c) provided that any such restriction contained therein relates only to the asset or assets subject to such permitted Liens.

No Restriction on Distributions; No Negative Pledges. Except pursuant to the Loan Documents, no (a) No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of ASHS any Loan Party or any Subsidiary of its Subsidiaries a Loan Party to pay dividends or make any other distribution on any of the Stock of such Loan Party or SubsidiarySubsidiary thereof or to pay fees, including management fees, or make other payments and distributions to Borrower or any other Loan Party. No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any contractual obligation prohibiting or otherwise restricting the existence of any Lien upon any of its assets in favor of LenderAgent, whether now owned or hereafter acquired except in connection with any document or instrument governing Liens permitted pursuant to Section 5.7(c5.7(b) provided that any such restriction contained therein relates only to the asset or assets subject to such permitted Liens.

No Restriction on Distributions; No Negative Pledges. (a) Except pursuant to the Loan Documents, no Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of ASHS any Loan Party or any of its Subsidiaries Subsidiary to pay dividends or make any other distribution on any of the Stock of such Loan Party or SubsidiarySubsidiary or to pay fees, including management fees, or make other payments and distributions to Borrower or any other Loan Party. No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any contractual obligation prohibiting or otherwise restricting the existence of any Lien upon any of its assets in favor of Lender, whether now owned or hereafter acquired except in connection with any document or instrument governing Liens permitted pursuant to Section 5.7(c) provided that any such restriction contained therein relates only to the asset or assets subject to such permitted Liens.

No Restriction on Distributions; No Negative Pledges. Except pursuant to the Loan Documents, no Loan Party shallBorrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of ASHS or any of its Subsidiaries Subsidiary to pay dividends or make any other distribution on any of the Stock of such Loan Party Subsidiary or to pay fees, including management fees, or make other payments and distributions to Borrower or any other Subsidiary. No Loan Party shallBorrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into, assume or become subject to any contractual obligation prohibiting or otherwise restricting the existence of any Lien upon any of its assets in favor of Lender, whether now owned or hereafter acquired except in connection with any document or instrument governing Liens permitted pursuant to Section 5.7(c) provided that any such restriction contained therein relates only to the asset or assets subject to such permitted Liens.