Common use of Limitation on Certain Restrictions Clause in Contracts

Limitation on Certain Restrictions. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or otherwise restricts (i) the ability of any Subsidiary to pay dividends or make other distributions or pay any Indebtedness owed to the Borrower or any of its Subsidiaries, to make loans or advances to the Borrower or any Subsidiary, to transfer any of its properties or assets to the Borrower or any Subsidiary or to guarantee the Obligations or (ii) the ability of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon its property or assets to secure the Obligations, other than (x) prohibitions or restrictions existing under or by reason of this Agreement and the other Credit Documents, (y) prohibitions or restrictions existing under or by reason of Legal Requirements, and (z) other prohibitions or restrictions which, either individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the Borrower’s ability to perform its obligations under the Credit Documents.

Limitation on Certain Restrictions. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or otherwise restricts (i) the ability of any Subsidiary to pay dividends or make other distributions or pay any Indebtedness owed to the Borrower or any of its Subsidiaries, to make loans or advances to the Borrower or any Subsidiary, to transfer any of its properties or assets to the Borrower or any Subsidiary or to guarantee the Obligations or (ii) the ability of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon its property or assets to secure the Obligations, other than (x) prohibitions or restrictions existing under or by reason of this Agreement and the other Credit Documents, (y) prohibitions or restrictions existing under or by reason of Legal Requirements, and (z) other prohibitions or restrictions which, either individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the Borrower’s 's ability to perform its obligations under the Credit Documents.

Limitation on Certain Restrictions. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist any encumbrance or restriction which prohibits or otherwise restricts (i) the ability of any Subsidiary to pay dividends or make other distributions or pay any Indebtedness owed to the Borrower or any of its Subsidiaries, to make loans or advances to the Borrower or any Subsidiary, to transfer any of its properties or assets to the Borrower or any Subsidiary or to guarantee the Obligations or (ii) the ability of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon its property or assets to secure the Obligations, other than (x) prohibitions or restrictions existing under or by reason of (w) this Agreement and the other Credit Documents, (yx) prohibitions or restrictions existing under or by reason of Legal Requirements, (y) provisions restricting the transfer of assets subject to Liens permitted under Sections 7.03 and (z) other prohibitions or restrictions which, either individually or contained in the aggregate, would not reasonably be expected to have a material adverse effect on the Borrower’s ability to perform its obligations under the Credit DocumentsIndebtedness described in Section 7.04(i).