Common use of Limitation on Restrictions Clause in Contracts

Limitation on Restrictions. Create or permit to exist any restriction of any kind on the ability of any Subsidiary to (i) pay dividends or make any other distributions to the Borrower or any Credit Party, (ii) pay Indebtedness owed to the Borrower, (iii) make loans or advances to the Borrower or (iv) except for any lease of a Subsidiary with respect to office space, transfer any of its properties or assets to the Borrower.

Limitation on Restrictions. Create or permit to exist any restriction of any kind on the ability of any Subsidiary to (i) pay dividends or make any other distributions to the Borrower Parent or any Credit Partyof its Subsidiaries, (ii) pay Indebtedness owed to the BorrowerParent or any of its Subsidiaries, (iii) make loans or advances to the Borrower Parent or any of its Subsidiaries or (iv) except for any lease of a Subsidiary with respect to office space, transfer any of its properties or assets to the BorrowerParent or any of its Subsidiaries.