Common use of Payment of Dividends by Subsidiaries Clause in Contracts

Payment of Dividends by Subsidiaries. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiary, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company or any other Subsidiary any loans or advances to such Subsidiary from the Company or any other Subsidiary or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in or contemplated in the Disclosure Package and the Prospectus.

Payment of Dividends by Subsidiaries. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiarysubsidiary, from making any other distribution on such Subsidiarysubsidiary’s capital stock, from repaying to the Company or any other Subsidiary subsidiary any loans or advances to such Subsidiary subsidiary from the Company or any other Subsidiary subsidiary or from transferring any of such Subsidiarysubsidiary’s property or assets to the Company or any other Subsidiary subsidiary of the Company, except as described in or contemplated in the Disclosure Package and the ProspectusOffering Memorandum.

Payment of Dividends by Subsidiaries. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiarysubsidiary, from making any other distribution on such Subsidiarysubsidiary’s capital stock, from repaying to the Company or any other Subsidiary subsidiary any loans or advances to such Subsidiary subsidiary from the Company or any other Subsidiary subsidiary or from transferring any of such Subsidiarysubsidiary’s property or assets to the Company or any other Subsidiary subsidiary of the Company, except as described in or contemplated in the Disclosure Package and the Prospectus.

Payment of Dividends by Subsidiaries. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiarysubsidiary, from making any other distribution on such Subsidiarysubsidiary’s capital stock, from repaying to the Company or any other Subsidiary subsidiary any loans or advances to such Subsidiary subsidiary from the Company or any other Subsidiary subsidiary or from transferring any of such Subsidiarysubsidiary’s property or assets to the Company or any other Subsidiary subsidiary of the Company, except as described in or contemplated in the Disclosure Package Preliminary Offering Memorandum and the ProspectusOffering Memorandum.

Payment of Dividends by Subsidiaries. No Subsidiary subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiarysubsidiary, from making any other distribution on such Subsidiarysubsidiary’s capital stock, from repaying to the Company or any other Subsidiary subsidiary any loans or advances to such Subsidiary subsidiary from the Company or any other Subsidiary subsidiary or from transferring any of such Subsidiarysubsidiary’s property or assets to the Company or any other Subsidiary subsidiary of the Company, except as described in or contemplated in the Pricing Disclosure Package and the Prospectus.Final Offering Memorandum

Payment of Dividends by Subsidiaries. No Subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company or any other Subsidiary, from making any other distribution on such Subsidiary’s capital stock, from repaying to the Company or any other Subsidiary any loans or advances to such Subsidiary from the Company or any other Subsidiary or from transferring any of such Subsidiary’s property or assets to the Company or any other Subsidiary of the Company, except as described in or contemplated in the Disclosure Package Preliminary Prospectus and the Prospectus.