Limitation on Certain Restrictive Agreements. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist or become effective, any “negative pledge” covenant or other agreement, restriction or arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or suffer to exist any Lien upon any of its property or assets as security for Indebtedness, or (b) the ability of any such Subsidiary to make Capital Distributions or any other interest or participation in its profits owned by the Borrower or any Subsidiary of the Borrower, or pay any Indebtedness owed to the Borrower or a Subsidiary of the Borrower, or to make loans or advances to the Borrower or any of the Borrower’s other Subsidiaries, or transfer any of its property or assets to the Borrower or any of the Borrower’s other Subsidiaries, except for such restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the other Loan Documents, (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest, (iv) customary provisions restricting assignment of any licensing agreement entered into in the ordinary course of business, (v) customary provisions restricting the transfer or further encumbering of assets subject to Liens permitted under Section 7.03(c), (vi) customary restrictions affecting only a Subsidiary of the Borrower under any agreement or instrument governing any of the Indebtedness of a Subsidiary permitted pursuant to Section 7.04, (vii) restrictions affecting any Foreign Subsidiary of the Borrower under any agreement or instrument governing any Indebtedness of such Foreign Subsidiary permitted pursuant to Section 7.04, and customary restrictions contained in “comfort” letters and guarantees of any such Indebtedness, (viii) any document relating to Indebtedness secured by a Lien permitted by Section 7.03, insofar as the provisions thereof limit grants of junior liens on the assets securing such Indebtedness, and (ix) any Operating Lease or Capital Lease, insofar as the provisions thereof limit grants of a security interest in, or other assignments of, the related leasehold interest to any other Person.
Limitation on Certain Restrictive Agreements. 52 9.13. PLAN TERMINATIONS, MINIMUM FUNDING, ETC....................................53
Limitation on Certain Restrictive Agreements. (a) Create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary to (x) pay Dividends or make any other distributions on its Stock to any Loan Party or pay any Indebtedness owed to any Loan Party, (y) make any loans or advances to, or repay any loans or advances from, any Loan Party or (z) transfer any of its property or assets to any Loan Party, except:
Limitation on Certain Restrictive Agreements. 76 9.12 PREPAYMENTS AND REFINANCINGS OF OTHER DEBT, ETC. ................. 76 9.13
Limitation on Certain Restrictive Agreements. Enter into or suffer to exist any contractual obligation which in any way (a) prohibits the granting of Liens to Agent on such Persons assets (other than (i) customary restrictions and conditions in the documentation with respect to Permitted Encumbrances of the types described in clauses (h), (j) or (p) thereof, (ii) customary restrictions on assignment in licensing agreements and (iii) restrictions on the granting of liens in the Equity Interests or assets of a Permitted Joint Venture), (b) prohibits any Loan Party from paying or prepaying the Obligations, or (c) restricts the ability of any Subsidiary of any Parent Holdco to (i) make any dividends or distributions or (ii) to transfer any of its property or assets to its Parent Holdco or any of its Subsidiaries other than (A) this Agreement and the Other Documents, (B) customary restrictions and conditions in the documentation with respect to Permitted Encumbrances of the types described in clauses (h), (j) or (p) thereof or customary restrictions on assignment in licensing agreements and (C) restrictions on such actions by a Permitted Joint Venture.
Limitation on Certain Restrictive Agreements. Except as set forth in the Limited Liability Company Agreement (as in effect on the date hereof), the Guarantor will not permit any Subsidiary to enter into or suffer to exist any contractual obligation which in any way restricts the ability of such Subsidiary to (i) make any dividends, other distributions or advances to the Guarantor or any other Subsidiary or (ii) transfer any of its property or assets to the Guarantor or any other Subsidiary.
Limitation on Certain Restrictive Agreements. Except in connection with Indebtedness permitted under Sections 7.3(b)(ii), (iv), (v) and (vi), the Company will not, and will not permit any of its Subsidiaries to, enter into or suffer to exist any contractual obligation, other than the Note Documents, which in any way restricts the ability of the Company or any of its Subsidiaries to (i) create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, (ii) make any prepayments or purchases of the Notes required under this Restructuring Agreement, (iii) make any dividends or distributions, or any payments required under this Restructuring Agreement or any other Note Document or (iv) transfer any of its property or assets (whether as a dividend or otherwise) to the Company or a Wholly Owned Subsidiary of the Company.
Limitation on Certain Restrictive Agreements. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist or become effective, any “negative pledge” covenant or other agreement, restriction or arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or suffer to exist any Lien upon any of its property or assets as security for Indebtedness, or
Limitation on Certain Restrictive Agreements. 60 9.13. LIMITATION ON SALE AND LEASE-BACK TRANSACTIONS................. 60 9.14. PLAN TERMINATIONS, MINIMUM FUNDING, ETC........................ 60
Limitation on Certain Restrictive Agreements. The Company will not, and will not permit any of its Subsidiaries to, enter into or suffer to exist any contractual obligation, other than the Bank Agreement, the Senior Note Documents and the Subordinated Note Documents, which in any way restricts the ability of the Company or any of its Subsidiaries to (i) create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, (ii) make any prepayments or purchases of the Notes required under this Agreement, (iii) make any dividends or distributions, or any payments required under this Agreement or any other Subordinated Note Document or (iv) transfer any of its property or assets to the Company or a Wholly Owned Subsidiary of the Company.
