Common use of No Restrictions on Subsidiary Distributions Clause in Contracts

No Restrictions on Subsidiary Distributions. Except (i) as provided herein or in the other Loan Documents, (ii) as described on Schedule 6.1(b), (iii) for restrictions on the use of proceeds from a permitted financing of Aircraft Related Equipment, or (iv) Payment Restrictions contained in refinancings or replacements of the financings listed in clause (a)(ii) above that are not more restrictive in a material respect than the corresponding Payment Restrictions in the original financing, no Obligor will, nor will it permit any other Obligor to, create or otherwise cause to exist any Payment Restriction with respect to any Subsidiary of any Obligor.

No Restrictions on Subsidiary Distributions. Except (i) as provided herein or in the other Loan Documents, (ii) as described on Schedule 6.1(b), (iii) for restrictions on the use of proceeds from a permitted financing of Aircraft Related Equipment, or (iv) Payment Restrictions contained in refinancings or replacements of the financings listed in clause (a)(ii) above above(7) that are not more restrictive in a material respect than the corresponding Payment Restrictions in the original financing, no Obligor will, nor will it permit any other Obligor to, create or otherwise cause to exist any Payment Restriction with respect to any Subsidiary of any Obligor.