Common use of Subsidiary Covenants Clause in Contracts

Subsidiary Covenants. The Company will not, and will not permit any -------------------- Subsidiary Borrower or Subsidiary Obligor to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary Borrower or Subsidiary Obligor to (i) pay dividends or make any other distribution on its stock, or make any other Restricted Junior Payment, (ii) pay any Indebtedness or other Obligation owed to the Company or any other Subsidiary, (iii) make loans or advances or other Investments in the Company or any other Subsidiary, or (iv) sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary.

Subsidiary Covenants. The Company Borrower will not, and will not permit any -------------------- Subsidiary Borrower or Subsidiary Obligor to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary Borrower or Subsidiary Obligor to (i) to pay dividends or make any other distribution on its stock, or make any other Restricted Junior Payment, (ii) to pay any Indebtedness or other Obligation obligation owed to the Company Borrower or any other Subsidiary, (iii) to make loans or advances or other Investments in the Company Borrower or any other Subsidiary, or (iv) other than pursuant to any Capitalized Lease or Operating Lease, to sell, transfer or otherwise convey any of its property to the Company Borrower or any other Subsidiary.

Subsidiary Covenants. The Company Borrower will not, and will not permit any -------------------- Subsidiary Borrower or Subsidiary Obligor (other than Alliance, pursuant to the Alliance Sale Agreement) to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary Borrower or Subsidiary Obligor to (i) pay dividends or make any other distribution on its stock, or make any other Restricted Junior Payment, (ii) pay any Indebtedness or other Obligation owed to the Company Borrower or any other Subsidiary, (iii) make loans or advances or other Investments in the Company Borrower or any other Subsidiary, or (iv) sell, transfer or otherwise convey any of its property to the Company Borrower or any other Subsidiary.

Subsidiary Covenants. The Other than pursuant to the Receivables Purchase Documents, the Company will not, and will not permit any -------------------- Subsidiary Borrower or Subsidiary Obligor to, create or otherwise cause to become effective or suffer to exist any consensual encumbrance or restriction of any kind on the ability of any Subsidiary Borrower or Subsidiary Obligor to (i) pay dividends or make any other distribution on its stock or redemption of its stock, or make any other Restricted Junior Payment, (ii) pay any Indebtedness or other Obligation owed to the Company or any other Subsidiary, (iii) make loans or advances or other Investments in the Company or any other Subsidiary, or (iv) sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary, or merge, consolidate with or liquidate into the Company or any other Subsidiary.

Subsidiary Covenants. The Company Borrower will not, and will not permit any -------------------- Subsidiary Borrower or Subsidiary Obligor other than the Internet Ventures to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary Borrower or Subsidiary Obligor to (i) pay dividends or make any other distribution on its stock, redeem or repurchase its stock, make any other Restricted Junior Paymentsimilar payment or distribution, (ii) pay any Indebtedness or other Obligation owed to the Company Borrower or any other Subsidiary, (iii) make loans or advances or other Investments in the Company Borrower or any other Subsidiary, or (iv) to sell, transfer or otherwise convey any of its property to the Company Borrower or any other Subsidiary or merge, consolidate with or liquidate into the Borrower or any other Subsidiary.