Common use of Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries Clause in Contracts

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests to the Company or any Restricted Subsidiary or pay any Debt owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:

Appears in 7 contracts

Samples: Indenture (Triumph Group Inc), Indenture (Triumph Group Inc), Triumph Group Inc

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Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests to owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary thereof or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:

Appears in 4 contracts

Samples: Indenture (Ashland Inc.), Mantech International Corp, Rock-Tenn CO

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will shall not, and will shall not permit any of its Restricted Subsidiaries Subsidiary to, directly or indirectly, cause create or suffer to exist or allow to become effective or enter into any consensual encumbrance or restriction (other than pursuant to this Indenture or of any law, rule, regulation or order) kind on the ability of any Restricted Subsidiary Subsidiary: (a) to (i) pay dividends dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Interests Stock, or make payments on any Indebtedness owed, to the Company or any Restricted Subsidiary or pay any Debt owed to the Company or any other Restricted Subsidiary, (iib) to make loans or advances to the Company or any other Restricted Subsidiary or (iiic) to transfer any of its property or assets Property to the Company or any other Restricted SubsidiarySubsidiary (any such restrictions being collectively referred to herein as a “Payment Restriction”). However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:

Appears in 4 contracts

Samples: Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP), Registration Rights Agreement (Comstock Oil & Gas, LP)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests to owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary thereof or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions (including those existing under or by reason of:):

Appears in 3 contracts

Samples: Indenture (Oshkosh Corp), Indenture (Oshkosh Corp), Indenture (Oshkosh Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests to the Company or any Restricted Subsidiary or pay any Debt owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:.

Appears in 2 contracts

Samples: Indenture (Moog Inc.), Indenture (Moog Inc.)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Interests to owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary or (iii) sell, lease or transfer any of its property or assets to the Company or any of its Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:Subsidiaries.

Appears in 1 contract

Samples: Supplemental Indenture (Fti Consulting Inc)

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Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Prior to the Covenant Change Date, the Company will shall not, and will shall not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (ia) pay dividends or make any other distributions on its Capital Equity Interests to owned by the Company or any Restricted Subsidiary or pay any Debt Indebtedness or other obligation owed to the Company or any Restricted Subsidiary, (iib) make loans or advances to the Company or any Restricted Subsidiary thereof, or (iiic) transfer any of its property or assets to the Company or any Restricted Subsidiary. However; provided, that, the preceding restrictions will not apply to the following encumbrances or restrictions (including those existing under or by reason of:):

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Corp)

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i) pay dividends or make any other distributions on its Capital Equity Interests to owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii) make loans or advances to the Company or any Restricted Subsidiary thereof or (iii) transfer any of its property or assets to the Company or any Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:

Appears in 1 contract

Samples: Louisiana-Pacific Corp

Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective or enter into any encumbrance or restriction (other than pursuant to this Indenture or any law, rule, regulation or order) on the ability of any Restricted Subsidiary to (i1) pay dividends or make any other distributions on its Capital Interests to owned by the Company or any Restricted Subsidiary or pay any Debt or other obligation owed to the Company or any Restricted Subsidiary, (ii2) make loans or advances to the Company or any Restricted Subsidiary or (iii3) sell, lease or transfer any of its property or assets to the Company or any of its Restricted Subsidiary. However, the preceding restrictions will not apply to the following encumbrances or restrictions existing under or by reason of:Subsidiaries.

Appears in 1 contract

Samples: Indenture (Fti Consulting Inc)

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