Common use of Limitation on Restricted Actions Clause in Contracts

Limitation on Restricted Actions. No Credit Party will, nor will it permit any of its Consolidated Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Person to (i) pay dividends or make any other distributions on such Person's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (ii) pay any Indebtedness or other obligation owed to a Credit Party or any of its Consolidated Subsidiaries, (iii) make loans or advances to a Credit Party or any of its Consolidated Subsidiaries, (iv) sell, lease or transfer any of its properties or assets to a Credit Party or any of its Consolidated Subsidiaries, except (in respect of any of the matters referred to in clauses (i)-(iv) above) for such encumbrances or restrictions existing under or by reason of (w) this Agreement and the other Credit Documents, (x) the Minnesota Participation Agreement and the Mountain View Participation Agreement, in each case so long as such encumbrances or restrictions are no more restrictive than those set forth in this Agreement, (y) the Milpitas Participation Agreement or (z) applicable law.

Limitation on Restricted Actions. No Credit Party will, nor will it permit any of its Consolidated Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Person to (ia) pay dividends or make any other distributions on such Person's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (iib) pay any Indebtedness or other obligation owed to a Credit Party or any of its Consolidated Subsidiaries, (iiic) make loans or advances to a Credit Party or any of its Consolidated Subsidiaries, (ivd) sell, lease or transfer any of its properties or assets to a Credit Party or any of its Consolidated Subsidiaries, except (in respect of any of the matters referred to in clauses (i)-(iva)-(d) above) for such encumbrances or restrictions existing under or by reason of (wi) this Participation Agreement and the other Credit DocumentsOperative Agreements, (xii) the Minnesota Participation Agreement and the Mountain View Roseville Participation Agreement, in each case (iii) the Milpitas Participation Agreement, so long as such encumbrances or restrictions are no not more restrictive than those set forth in this Agreement, (yiv) the Milpitas Participation Agreement Revolving Credit Agreement, so long as such encumbrances or restrictions are not more restrictive than those set forth in this Agreement, or (zv) applicable law.

Limitation on Restricted Actions. No Credit Party will, nor will it permit any of its Consolidated Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Person to (ia) pay dividends or make any other distributions on such Person's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (iib) pay any Indebtedness or other obligation owed to a Credit Party or any of its Consolidated Subsidiaries, (iiic) make loans or advances to a Credit Party or any of its Consolidated Subsidiaries, (ivd) sell, lease or transfer any of its properties or assets to a Credit Party or any of its Consolidated Subsidiaries, except (in respect of any of the matters referred to in clauses (i)-(iva)-(d) above) for such encumbrances or restrictions existing under or by reason of (wi) this Participation Agreement and the other Credit DocumentsOperative Agreements, (xii) the Minnesota Participation Agreement and the Mountain View Participation Agreement, in each case so long as such encumbrances or restrictions are no not more restrictive than those set forth in this Agreement, (yiii) the Milpitas Participation Revolving Credit Agreement or (ziv) applicable law.

Limitation on Restricted Actions. No Credit Party will, nor will it permit any of its Consolidated Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Person to (ia) pay dividends or make any other distributions on such Person's Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (iib) pay any Indebtedness or other obligation owed to a Credit Party or any of its Consolidated Subsidiaries, (iiic) make loans or advances to a Credit Party or any of its Consolidated Subsidiaries, (ivd) sell, lease or transfer any of its properties or assets to a Credit Party or any of its Consolidated Subsidiaries, except (in respect of any of the matters referred to in clauses (i)-(iva)-(d) above) for such encumbrances or restrictions existing under or by reason of (wi) this Participation Agreement and the other Credit DocumentsOperative Agreements, (xii) the Minnesota Participation Agreement and the Mountain View Participation Agreement, in each case (iii) the Milpitas Participation Agreement, so long as such encumbrances or restrictions are no not more restrictive than those set forth in this Agreement, (yiv) the Milpitas Participation Agreement Revolving Credit Agreement, so long as such encumbrances or restrictions are not more restrictive than those set forth in this Agreement, or (zv) applicable law.