Payment Restriction Law definition
Payment Restriction Law means any applicable state law that prohibits the Company from paying all amounts due hereunder and under the Transaction Documents, including but not limited to any state law that prohibits the Company from paying certain dividends, redemption amounts, or other payments unless such payments are made out surplus.
Payment Restriction Law means any applicable state law that prohibits the Corporation from paying all amounts due hereunder, including but not limited to any state law that prohibits the Corporation from paying certain dividends, redemption amounts, or other payments unless such payments are made out surplus.