Common use of Subsidiary Restrictions Clause in Contracts

Subsidiary Restrictions. The Borrower will not, and will not permit any Subsidiary to, place or allow any restriction, directly or indirectly, on the ability of such Person to (a) pay dividends or any distributions on or with respect to such Person’s capital stock or (b) make loans or other cash payments to the Borrower.

Subsidiary Restrictions. The Borrower will not, not and will not permit any Subsidiary to enter into, or be otherwise subject to, place any contract, agreement or allow any restriction, other binding obligation that directly or indirectlyindirectly limits the amount of, on or otherwise restricts (i) the ability payment to the Borrower of such Person to (a) pay dividends or any other redemptions or distributions on or with respect to such Person’s its capital stock by any Subsidiary, (ii) the repayment to the Borrower by any Subsidiary of intercompany loans or advances, or (biii) make loans other intercompany transfers to the Borrower of property or other cash payments to the Borrowerassets by Subsidiaries.