Common use of Subsidiary Restrictions Clause in Contracts

Subsidiary Restrictions. The Borrower will not and will not permit any Subsidiary to enter into, or be otherwise subject to, any contract, agreement or other binding obligation that directly or indirectly limits the amount of, or otherwise restricts (i) the payment to the Borrower of dividends or other redemptions or distributions with respect to its capital stock by any Subsidiary, (ii) the repayment to the Borrower by any Subsidiary of intercompany loans or advances, or (iii) other intercompany transfers to the Borrower of property or other assets by Subsidiaries.

Subsidiary Restrictions. The Borrower will not not, and will not permit any Subsidiary to enter into, or be otherwise subject to, place or allow any contractrestriction, agreement or other binding obligation that directly or indirectly limits indirectly, on the amount of, or otherwise restricts ability of such Person to (ia) the payment to the Borrower of pay dividends or other redemptions any distributions on or distributions with respect to its such Person’s capital stock by any Subsidiary, or (iib) the repayment make loans or other cash payments to the Borrower by any Subsidiary of intercompany loans or advances, or (iii) other intercompany transfers to the Borrower of property or other assets by SubsidiariesBorrower.