No Restrictions on Subsidiary Distributions to Borrower or Other Subsidiaries. Except as provided herein or in the Subordinated Note Indentures or in any other agreement evidencing Subordinated Indebtedness and containing similar terms to the Subordinated Note Indentures, Borrower will not, and will not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions on any of such Restricted Subsidiary's Capital Stock owned by Borrower or any other Restricted Subsidiary of Borrower, (ii) repay or prepay any Indebtedness owed by such Restricted Subsidiary to Borrower or any other Restricted Subsidiary of Borrower, (iii) make loans or advances to Borrower or any other Restricted Subsidiary of Borrower, or (iv) otherwise transfer any of its property or assets to Borrower or any other Restricted Subsidiary of Borrower.
Appears in 1 contract
No Restrictions on Subsidiary Distributions to Borrower or Other Subsidiaries. Except as provided herein or and in the Senior Subordinated Note Indentures Indenture or in any other agreement evidencing Subordinated Indebtedness and containing similar terms to the Subordinated Note Indenturesas set forth on Schedule 7.2D, Borrower will not, and will not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions on any of such Restricted Subsidiary's Capital Stock capital stock owned by Borrower or any EXECUTION 103 other Restricted Subsidiary of Borrower, (ii) repay or prepay any Indebtedness owed by such Restricted Subsidiary to Borrower or any other Restricted Subsidiary of Borrower, (iii) make loans or advances to Borrower or any other Restricted Subsidiary of Borrower, or (iv) otherwise transfer any of its property or assets to Borrower or any other Restricted Subsidiary of Borrower, except encumbrances or restrictions contained in agreements relating to Indebtedness of Subsidiaries acquired after the date hereof in a Permitted Acquisition; provided that such Indebtedness is permitted pursuant to subsection 7.1(v) and such encumbrances or restrictions relate solely to the property or assets of such Subsidiary.
Appears in 1 contract
No Restrictions on Subsidiary Distributions to Borrower or Other Subsidiaries. Except as provided herein or and in the Senior Subordinated Note Indentures Indenture or in any other agreement evidencing Subordinated Indebtedness and containing similar terms to the Subordinated Note Indenturesas set forth on Schedule 7.2D annexed hereto, Borrower will not, and will not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions on any of such Restricted Subsidiary's Capital Stock capital stock owned by Borrower or any other Restricted Subsidiary of Borrower, (ii) repay or prepay any Indebtedness owed by such Restricted Subsidiary to Borrower or any other Restricted Subsidiary of Borrower, (iii) make loans or advances to Borrower or any other Restricted Subsidiary of Borrower, or (iv) otherwise transfer any of its property or assets to Borrower or any other Restricted Subsidiary of Borrower, except encumbrances or restrictions contained in agreements relating to Indebtedness of Subsidiaries acquired after the date hereof in a Permitted Acquisition; provided that such Indebtedness is permitted pursuant to subsection 7.1(v) and such encumbrances or restrictions relate solely to the property or assets of such Subsidiary.
Appears in 1 contract
Samples: Credit Agreement (Rose Hills Co)
No Restrictions on Subsidiary Distributions to Borrower or Other Subsidiaries. Except as provided herein or in the Subordinated Note Indentures or in any other agreement evidencing Subordinated Indebtedness and containing similar terms to the Subordinated Note Indentures, Borrower will not, and will not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions on any of such Restricted Subsidiary's ’s Capital Stock owned by Borrower or any other Restricted Subsidiary of Borrower, (ii) repay or prepay any Indebtedness owed by such Restricted Subsidiary to Borrower or any other Restricted Subsidiary of Borrower, (iii) make loans or advances to Borrower or any other Restricted Subsidiary of Borrower, or (iv) otherwise transfer any of its property or assets to Borrower or any other Restricted Subsidiary of Borrower.. 108
Appears in 1 contract
No Restrictions on Subsidiary Distributions to Borrower or Other Subsidiaries. Except as provided herein or in the 7% Subordinated Note Indentures Indenture, the 9% Subordinated Note Indenture or in any other agreement evidencing Subordinated Indebtedness and containing similar terms to the 7% Subordinated Note IndenturesIndenture or the 9% Subordinated Note Indenture, Borrower will not, and will not permit any of its Restricted Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Restricted Subsidiary to (i) pay dividends or make any other distributions on any of such Restricted Subsidiary's ’s Capital Stock owned by Borrower or any other Restricted Subsidiary of Borrower, (ii) repay or prepay any Indebtedness owed by such Restricted Subsidiary to Borrower or any other Restricted Subsidiary of Borrower, (iii) make loans or advances to Borrower or any other Restricted Subsidiary of Borrower, or (iv) otherwise transfer any of its property or assets to Borrower or any other Restricted Subsidiary of Borrower.,
Appears in 1 contract