Common use of Limitation on Restrictions on Subsidiary Dividends and Other Distributions Clause in Contracts

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such Borrower will not, and will not permit any of its 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 Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by such Borrower or any Subsidiary of such Borrower, or pay any Indebtedness owed to such Borrower or a Subsidiary of the Borrower, (b) make loans or advances to the Borrower or (c) transfer any of its properties or assets to such Borrower, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement or any other Credit Document and (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or a Subsidiary of the Borrower.

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such The Borrower will not, and will not permit any of its 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 Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by such the Borrower or any Subsidiary of such the Borrower, or pay any Indebtedness owed to such the Borrower or a any Subsidiary of the Borrower, (b) make loans or advances to the Borrower or (c) transfer any of its properties or assets to such the Borrower, except for such encumbrances or restrictions existing under or by reason reasons of (i) applicable law, (ii) this Agreement or any other Credit Document and (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or a any Subsidiary of the Borrower.

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such The Borrower will not, and will not permit any of its 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 Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by such the Borrower or any Subsidiary of such the Borrower, or pay any Indebtedness owed to such the Borrower or a Subsidiary of the Borrower, (b) make loans or advances to the Borrower or (c) transfer any of its properties or assets to such the Borrower, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement or any other Credit Document and (iiiz) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or a Subsidiary of the Borrower.

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such The Borrower will not, and will not permit any of its 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 Subsidiary to (a) pay dividends or make any other distributions on its capital stock Capital Stock or any other interest or participation in its profits owned by such the Borrower or any Subsidiary of such the Borrower, or pay any Indebtedness owed to such the Borrower or a Subsidiary of the Borrower, (b) make loans or advances to the Borrower Borrower, or (c) transfer any of its properties or assets to such the Borrower, except for such encumbrances or restrictions existing under or by reason reasons of (i) applicable law, (ii) this Agreement or any other Credit Document Agreement, and (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or a Subsidiary of the Borrower.

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such No Borrower will not, and will not permit any of its Subsidiaries toto create, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (ai) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by such the Borrower or any Subsidiary of such a Borrower, or pay any Indebtedness owed to such a Borrower or a Subsidiary of the a Borrower, (bii) make loans or advances to the Borrower a Borrower, or (ciii) transfer any of its properties or assets to such a Borrower, except for such encumbrances or restrictions existing under or by reason of (ix) applicable law, (iiy) this Agreement Agreement, or any other Credit Document and (iiiz) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the a Borrower or a Subsidiary of the Borrowerits Subsidiary.

Limitation on Restrictions on Subsidiary Dividends and Other Distributions. Such The Borrower will not, and will not permit any of its 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 Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by such the Borrower or any Subsidiary of such the Borrower, or pay any Indebtedness owed to such the Borrower or a any Subsidiary of the Borrower, (b) make loans or advances to the Borrower or (c) transfer any of its properties or assets to such the Borrower, except for such encumbrances or restrictions existing under or by reason reasons of (i) applicable law, (ii) this Agreement or any other Credit Document and (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or a Subsidiary of the Borrower.this