Limitations on Certain Restrictions. Except as provided herein, the Borrowers will not, and will not permit any of their respective Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Subsidiary to (i) pay dividends or make any other distributions on any of such Subsidiary's capital stock owned by the Borrowers or any other Subsidiary of the Borrowers, (ii) repay or prepay any Indebtedness owed by such Subsidiary to the Borrowers or any other Subsidiary of the Borrowers, (iii) make loans or advances to the Borrowers or any other Subsidiary of the Borrowers, (iv) transfer any of its property or assets to the Borrowers or any other Subsidiary of the Borrowers, or (v) gran▇ ▇ ▇▇▇▇ ▇▇ the Adminis- trative Agent to secure the Obligations.
Appears in 1 contract
Limitations on Certain Restrictions. Except as provided herein, the Borrowers will not, and will not permit any of their respective Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Subsidiary to (i) pay dividends or make any other distributions on any of such Subsidiary's capital stock owned by the Borrowers or any other Subsidiary of the Borrowers, (ii) repay or prepay any Indebtedness owed by such Subsidiary to the Borrowers or any other Subsidiary of the Borrowers, (iii) make loans or advances to the Borrowers or any other Subsidiary of the Borrowers, (iv) transfer any of its property or assets to the Borrowers or any other Subsidiary of the Borrowers, or (v) gran▇ ▇ ▇▇▇▇ ▇▇ the Adminis- trative Administrative Agent to secure the Obligations, other than pursuant to the WRI Stockholders Agreement."
Appears in 1 contract