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

Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, cause or suffer to exist or become effective, or enter into, any encumbrance or restriction (other than pursuant to law or regulation) on the ability of any Restricted Subsidiary (i) to pay dividends or make any other distributions in respect of its Capital Stock or pay any Indebtedness or other obligation owed to the Company or any Restricted Subsidiary; (ii) to make loans or advances to the Company or any Restricted Subsidiary; or (iii) to transfer any of its Property to the Company or any other Restricted Subsidiary, except:

Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiary Subsidiaries to, directly or indirectly, cause or suffer to exist or become effective, or enter into, any encumbrance or restriction (other than pursuant to law or regulation) on the ability of any of its Restricted Subsidiary Subsidiaries (i) to pay dividends or make any other distributions in 67 -60- respect of its Capital Stock or pay any Indebtedness or other obligation owed to the Company or any Restricted SubsidiarySubsidiary of the Company; (ii) to make loans or advances to the Company or any Restricted SubsidiarySubsidiary of the Company; or (iii) to transfer any of its Property or assets to the Company or any other Restricted SubsidiarySubsidiary of the Company, except: