RESTRICTION ON DIVIDENDS definition
RESTRICTION ON DIVIDENDS. CTV and STV undertake not to:
(1) declare, make or pay any dividend, charge, fee or other distribution (whether in cash or in kind) on or in respect of its share capital; or
(2) make any payment of interest or any similar payment in respect of the Debentures or any other subordinated shareholder loans; or (3) pay any fees under any management agreements or technical assistance agreements with any Related Body Corporate; at any time prior to 31 December 2000, and thereafter may do so subject to paragraph (b) below.exit