Common use of Intercompany Transactions Clause in Contracts

Intercompany Transactions. Except as may be expressly permitted or required by the Loan Documents and except as may be contained in the Holdings Senior Notes Indenture as approved by the Administrative Agent and the Required Lenders, none of the Loan Parties will create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of Holdings or the Borrower to (a) pay dividends or make any other distribution to Holdings or the Borrower or any of their Subsidiaries in respect of such Subsidiary's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (b) pay any indebtedness owed to Holdings or the Borrower or any of their Subsidiaries, (c) make any loan or advance to Holdings or the Borrower or any of their Subsidiaries, or (d) sell, lease or transfer any of its Property to Holdings or the Borrower or any of their Subsidiaries.

Intercompany Transactions. Except as may be expressly ------------------------- permitted or required by the Loan Documents and except as may be contained in the Holdings Senior Notes Indenture as approved by Indenture, the Administrative Agent Blackstone Equity Documents and the Required LendersApproved Subordinated Debt Documents, none of the Loan Parties will create or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of Holdings or the Borrower to (a) pay dividends or make any other distribution to Holdings or the Borrower or any of their Subsidiaries in respect of such Subsidiary's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (b) pay any indebtedness owed to Holdings or the Borrower or any of their Subsidiaries, (c) make any loan or advance or capital contribution to Holdings or the Borrower or any of their Subsidiaries, or (d) sell, lease or transfer any of its Property to Holdings or the Borrower or any of their SubsidiariesSubsidiaries other than such restrictions included in documentation governing Permitted Liens which apply only to the Property subject to such Permitted Liens.