Common use of Subsidiary Dividend Restrictions Clause in Contracts

Subsidiary Dividend Restrictions. Not permit any Subsidiary to be bound by or enter into any agreement, amendment, covenant, understanding or revision to any agreement which prohibits or restricts the ability of any Subsidiary to declare and pay dividends or make any other distribution to Borrower.

Subsidiary Dividend Restrictions. Not permit any Subsidiary of any Borrower to be bound by or enter into any agreement, amendment, covenant, understanding or revision to any agreement which prohibits or restricts the ability of any Subsidiary such subsidiary to declare and pay dividends or make any other distribution to any Borrower.

Subsidiary Dividend Restrictions. Not permit any U.S. Subsidiary of any Borrower to be bound by or enter into any agreement, amendment, covenant, understanding or revision to any agreement which prohibits or restricts the ability of any Subsidiary such subsidiary to declare and pay dividends or make any other distribution to any Borrower.

Subsidiary Dividend Restrictions. Not permit any Subsidiary of the Borrower to be bound by or enter into any agreement, amendment, covenant, understanding or revision to any agreement which prohibits or restricts the ability of any Subsidiary such subsidiary to declare and pay dividends or make any other distribution to the Borrower.