Common use of Restriction on Liens Clause in Contracts

Restriction on Liens. After giving effect to the Confirmation Order and the Plan of Reorganization, neither the Borrower nor any other Credit Party is a party to any material agreement or arrangement, or subject to any order, judgment, writ or decree, that restricts its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties to secure the Debt under the Loan Documents, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the Borrower or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances to Parent Guarantor, the Borrower or any Restricted Subsidiary, or which requires the consent of other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.

Restriction on Liens. After giving effect to the Confirmation Order and the Plan of ReorganizationExcept as permitted by Section 9.13(f), neither the Borrower Credit Parties nor any other Credit Party the Restricted Subsidiaries is a party to any material agreement or arrangement, arrangement or is subject to any order, judgment, writ or decree, that restricts its ability which either prohibits or purports to grant prohibit any of the Credit Parties or the Restricted Subsidiaries from granting Liens to the Administrative Agent for and the benefit of the Secured Parties Lenders on or in respect of their Properties to secure the Debt under the Loan DocumentsSecured Obligations, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the Borrower Credit Parties or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances or transferring any Property to Parent Guarantor, the Borrower Credit Parties or any Restricted Subsidiary, or which requires the consent of or notice to other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.

Restriction on Liens. After giving effect to None of the Confirmation Order and the Plan of ReorganizationParent, neither the Borrower nor any other Credit Party Restricted Subsidiary or any Drop Down Entity Mortgagor is a party to any material agreement or arrangement, or subject to any order, judgment, writ or decree, that restricts its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties to secure the Debt under the Loan Documents, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to the Parent Guarantor, the Borrower or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances to Parent Guarantorthe Parent, the Borrower or any other Restricted Subsidiary, or which requires the consent of other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.

Restriction on Liens. After giving effect to the Confirmation Order and the Plan of Reorganization, neither Neither the Borrower nor any other Credit Party Restricted Subsidiary is a party to any material agreement or arrangement, or subject to any order, judgment, writ or decree, that which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties to secure the Debt under Indebtedness and the Loan Documents, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the Borrower or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances to Parent Guarantor, the Borrower or any Restricted Subsidiary, or which requires the consent of other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.

Restriction on Liens. After giving effect to the Confirmation Order and the Plan of ReorganizationExcept as permitted by Section 9.14, neither the Borrower Obligors nor any other Credit Party the Restricted Subsidiaries is a party to any material agreement or arrangement, arrangement or is subject to any order, judgment, writ or decree, that restricts its ability which either prohibits or purports to grant prohibit any of the Obligors or the Restricted Subsidiaries from granting Liens to the Administrative Agent for and the benefit of the Secured Parties Lenders on or in respect of their Properties to secure the Debt under the Loan DocumentsObligations, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the Borrower Obligors or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances or transferring any Property to Parent Guarantor, the Borrower Obligors or any Restricted Subsidiary, or which requires the consent of or notice to other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.

Restriction on Liens. After giving effect to the Confirmation Order and the Plan of ReorganizationOrders, neither the Borrower nor any other Credit Party is a party to any material agreement or arrangement, or subject to any order, judgment, writ or decree, that restricts its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of their Properties to secure the Debt under the Loan Documents, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the Borrower or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances to Parent Guarantor, the Borrower or any Restricted Subsidiary, or which requires the consent of other Persons in connection therewith, except, in each case, for such encumbrances or restrictions permitted under Section 9.14.