Restrictions on Subsidiary Payments. The Parent shall not, nor shall it permit any Subsidiary to, enter into any indenture, agreement, instrument or other arrangement which, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon the ability of any Subsidiary to (a) pay dividends or make other distributions on its capital stock, (b) make loans or advances to the Parent, or (c) repay loans or advances from the Parent.
Restrictions on Subsidiary Payments. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company 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 by the Company SEC Documents.
Restrictions on Subsidiary Payments. The Borrower will not, and will not permit any of its Insurance Subsidiaries to, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or otherwise restricts (x) the ability of any Insurance Subsidiary to (a) pay dividends or make other distributions or pay any Indebtedness owed to the Borrower or any Insurance Subsidiary, (b) make loans or advances to the Borrower or any Insurance Subsidiary, (c) transfer any of its properties or assets to the Borrower or any Insurance Subsidiary or (d) guarantee the Obligations or (y) the ability of the Borrower or any Insurance Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon its property or assets to secure the Obligations, other than prohibitions or restrictions existing under or by reason of (i) this Agreement or the other Credit Documents, (ii) Legal Requirements, (iii) customary non-assignment provisions entered into in the ordinary course of business and consistent with past practices, (iv) purchase money obligations for property acquired in the ordinary course of business, so long as such obligations are permitted under this Agreement, (v) any restriction or encumbrance with respect to an Insurance Subsidiary of the Borrower imposed pursuant to an agreement which has been entered into for the sale or disposition of all or substantially all of the capital stock or assets of such Insurance Subsidiary, so long as such sale or disposition is permitted under this Agreement, and (vi) Liens permitted under Section 7.03 and any documents or instruments governing the terms of any Indebtedness or other obligations secured by any such Liens, PROVIDED, that such prohibitions or restrictions apply only to the assets subject to such Liens.
Restrictions on Subsidiary Payments. The Parent shall not, nor shall it permit any Subsidiary to, enter into any indenture, agreement, instrument or other arrangement which, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon the ability of any Material Subsidiary to (a) pay dividends or make other distributions on its capital stock, (b) make loans or advances to the Parent, or (c) repay loans or advances from the Parent; provided that the foregoing limitations shall not apply to prohibitions or restrictions (i) that were existing at the time such Subsidiary was acquired by the Parent or any Subsidiary, were not created in contemplation of such acquisition, and are applicable only to such acquired Person and the Property and/or equity interests of such Person or (ii) contained in any agreement relating to the disposition of a Subsidiary, restricting such payments and advances by such Subsidiary pending its disposition.
Restrictions on Subsidiary Payments. Except for restrictions on Zephyr Farms Limited ability to make distributions pursuant to the terms of a Credit Agreement dated March 19, 2013 with Samsung Heavy Industries Co., Ltd., no subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company 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 by the Company SEC Documents.
Restrictions on Subsidiary Payments. Cameron shall not, nor shall it permit any Subsidiary to, enter into any indenture, agreement, instrument or other arrangement which, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon the ability of any Subsidiary to (a) pay dividends or make other distributions on its capital stock, (b) make loans or advances to Cameron, or (c) repay loans or advances from Cameron, in each case, if the Subsidiaries subject to all such indentures, agreements, instruments or other arrangements would, individually or in the aggregate, hold or constitute 10% or more of either the consolidated assets or Consolidated EBITDA of Cameron.
Restrictions on Subsidiary Payments. Cameron shall not, nor shall it permit any Subsidiary to, enter into any indenture, agreement, instrument or other arrangement which, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon the ability of any Material Subsidiary to (a) pay dividends or make other distributions on its capital stock, (b) make loans or advances to Cameron, or (c) repay loans or advances from Cameron; provided that the foregoing limitations shall not apply to prohibitions or restrictions (i) that were existing at the time such Subsidiary was acquired by Cameron or any Subsidiary, were not created in contemplation of such acquisition, and are applicable only to such acquired Person and the Property and/or equity interests of such Person or (ii) contained in any agreement relating to the disposition of a Subsidiary, restricting such payments and advances by such Subsidiary pending its disposition.
Restrictions on Subsidiary Payments. Cause or permit any Subsidiary to, enter into any agreement or arrangement restricting the ability of the Subsidiary to pay dividends or make cash advances or other payments of any nature to Borrower, other than any (i) existing limitations and restrictions in the Articles of Incorporation of IPL or in the IPL Mortgage and Deed of Trust as of the Closing Date, and (ii) credit or Debt agreements with third party creditors which preclude payment of dividends by the obligor-Subsidiary upon the occurrence of a default under the agreement.
Restrictions on Subsidiary Payments. 36 7.08 Transactions with Affiliates.....................................37 7.09
Restrictions on Subsidiary Payments. The Company shall not, and shall not permit any of the Company's Subsidiaries to, enter into any agreement or arrangement restricting the ability of any of the Company's Subsidiaries to pay dividends or make cash advances or other payments of any nature to the Company or any of its Subsidiaries.
