Restrictions on Subsidiaries. (a) The Borrower shall not ---------------------------- enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any Lien in favor of the Collateral Agent upon any of its property or assets or limiting the ability of any Subsidiary to declare and pay dividends and distributions or make Investments in the Borrower.
Appears in 5 contracts
Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)
Restrictions on Subsidiaries. (a) The Borrower shall not ---------------------------- enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any Lien in favor of the Collateral Agent upon any of its property or assets or limiting the ability of any Subsidiary to declare and pay dividends and distributions Distributions or make Investments in the Borrower.. 110
Appears in 2 contracts
Samples: Loan Agreement (Omnipoint Corp \De\), Loan Agreement (Omnipoint Corp \De\)
Restrictions on Subsidiaries. (a) The Borrower shall not enter ------------ ---------------------------- enter into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist, any agreement prohibiting or conditioning the creation or assumption of any Lien in favor of the Collateral Administrative Agent upon any of its property or assets or limiting the ability of any Subsidiary to declare and pay dividends and distributions Distributions or make Investments in the Borrower.
Appears in 1 contract
