RESTRICTIONS ON PAYMENTS OF DIVIDENDS. There are no restrictions (legal, contractual or otherwise) on the ability of the Designated Subsidiaries to declare and pay dividends or make any payment or transfer of property or assets to their shareholders other than those referred to in the Preference Offering Memorandum and except for (i) restrictions relating to the Share Pledges, (ii) encumbrances on certain assets of Telewizja Kablowa GOSAT Sp. z o.o. ("GOSAT") consisting of the transfer of title to such assets as security for the loan of $0.5 million granted on October 7, 1996 by Polski Bank Rozwoju (which was bought by Bank Rozucju Eksportu S.A. in July of 1998) to GOSAT, and (iii) the restrictions discussed in Schedule D to the Indenture (collectively, the "Asset Encumbrances").
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Samples: Chase Polish Enterprises Inc, Chase Arnold L, Polish Investments Holding Lp
RESTRICTIONS ON PAYMENTS OF DIVIDENDS. There are no restrictions (legal, contractual or otherwise) on the ability of the Designated Subsidiaries to declare and pay dividends or make any payment or transfer of property or assets to their shareholders other than those referred to in the Preference Offering Memorandum and except for (i) restrictions relating to the Share Pledges, (ii) encumbrances on certain assets of Telewizja Kablowa GOSAT Sp. z o.o. ("GOSAT") consisting of the transfer of title to such assets as security for the loan of $0.5 million granted on October 7, 1996 by Polski Bank Rozwoju (which was bought by Bank Rozucju Eksportu S.A. in July of 1998) to GOSAT, and (iii) the restrictions discussed in Schedule D to the Indenture (collectively, the "Asset Encumbrances").
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