Common use of Restrictions on Ability of Subsidiaries to Pay Dividends Clause in Contracts

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower Borrowers shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to the Borrower Borrowers or the parent of such Subsidiary.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest (other than dividends paid or payable in the form of additional Capital Stock) or (ii) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to made by the Borrower or the parent of any other Subsidiary to such Subsidiary.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower shall not permit Permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (ia) pay any dividends or make any other distributions on its Capital Stock capital stock or any other interest or (iib) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower Except as provided for in this Agreement, the Parent shall not, and shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any contractual encumbrance or restriction on the ability of any such Subsidiary to (ia) pay any dividends or make any other distributions on its Capital Stock or Redeemable Preferred Stock or any other interest or (iib) make or repay any loans or advances to or from the Borrower Parent or the parent of such Subsidiaryother Subsidiaries, as the case may be.

Restrictions on Ability of Subsidiaries to Pay Dividends. The Except to the extent required by applicable law, the Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock capital stock or any other interest or (ii) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.