Common use of Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries Clause in Contracts

Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company will not, and will not permit any Subsidiary, directly or indirectly, to create, enter into any agreement with any Person or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind which by its terms restricts the ability of any Subsidiary to (a) pay dividends, in cash or otherwise, or make any other distributions on its Capital Stock to the Company or any Subsidiary, (b) pay any Indebtedness owed to the Company or any Subsidiary, (c) make loans or advances to the Company or any Subsidiary or (d) transfer any of its Property or assets to the Company or any Subsidiary except any encumbrance or restriction contained in any agreement or instrument:

Appears in 4 contracts

Samples: Supplemental Indenture (Grey Wolf Inc), Nabors Industries Inc, Trend Drilling Co

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Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company will not, and will not cause or permit any Subsidiaryof its Restricted Subsidiaries to, directly or indirectly, to create, enter into any agreement with any Person create or otherwise cause or suffer permit to exist or become effective any consensual encumbrance or restriction of any kind which by its terms restricts on the ability of any Restricted Subsidiary of the Company to (a) pay dividends, in cash or otherwise, dividends or make any other distributions on or in respect of its Capital Stock to the Company or any Subsidiary, Stock; (b) make loans or advances or to pay any Indebtedness or other obligation owed to the Company or any Subsidiary, other Restricted Subsidiary of the Company; or (c) make loans or advances to the Company or any Subsidiary or (d) transfer any of its Property property or assets to the Company or any Subsidiary except any encumbrance or restriction contained in any agreement or instrument:Company

Appears in 1 contract

Samples: Del Monte Foods Co

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Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company will shall not, and will shall not permit any Subsidiary, directly or indirectly, to create, enter into any agreement with any Person or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind which by its terms restricts the ability of any Subsidiary to (a) pay dividends, in cash or otherwise, or make any other distributions on its Capital Stock to the Company or any Subsidiary, (b) pay any Indebtedness owed to the Company or any Subsidiary, (c) make loans or advances to the Company or any Subsidiary or (d) transfer any of its Property or assets to the Company or any Subsidiary except any encumbrance or restriction contained in any agreement or instrument:

Appears in 1 contract

Samples: Indenture (Hvide Marine Inc)

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