Restrictions on Ability of Subsidiaries to Pay Dividends. The Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.
Restrictions on Ability of Subsidiaries to Pay Dividends. Except in accordance with any applicable regulatory requirements, the Company shall not, and the Guarantor and the Company shall not permit any Material Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction not in existence on the Restatement Closing Date on the ability of the Company or any such other Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to the Guarantor, the Company or the other direct parent of such Subsidiary.
Restrictions on Ability of Subsidiaries to Pay Dividends. Permit any Subsidiary to, directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or (b) make or repay loans or advances to any Loan Party, except for (i) encumbrances or restrictions under this Agreement and the other Loan Documents, (ii) encumbrances or restrictions under the indentures governing the Permitted Notes (or any Permitted Refinancing Indebtedness permitted hereunder with respect thereto or any other indenture or other document governing Indebtedness permitted hereby so long as the encumbrances and restrictions thereunder are no more onerous to any Subsidiary than those contained in this Agreement), (iii) encumbrances or restrictions under the Revolving Facility Documents as in effect on the Funding Date (and under the Revolving Facility Documents as amended from time to time or any Permitted Refinancing Indebtedness in respect thereof, in each case, so long as the encumbrances and restrictions thereunder are no more onerous, when taken as a whole, to 100 any Subsidiary than those contained in the Revolving Facility Documents as in effect on the Funding Date), (iv) customary encumbrances or restrictions in joint venture agreements and similar agreements that relate solely to the activities of such joint venture, (v) customary encumbrances or restrictions contained in agreements relating to the sale of all or a substantial part of the Equity Interests or assets of any Subsidiary pending such sale, provided that such encumbrances and restrictions apply only to the Subsidiary to be sold and such sale is permitted hereunder, and (vi) encumbrances or restrictions in documents governing Indebtedness assumed or incurred under Section 6.01(j) or existing with respect to any Person or the property or assets of such Person acquired by the Borrower or any Subsidiary in an acquisition permitted hereunder, provided that such encumbrances and restrictions are not applicable to any Person or the property or assets of any Person other than such acquired Person or the property or assets of such acquired Person.
Restrictions on Ability of Subsidiaries to Pay Dividends. Permit their respective Subsidiaries to, directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary of such Person to (a) pay dividends or make any other distributions on its capital stock or any other interest or (b) make or repay loans or advances to such Person except, in each case, for encumbrances or restrictions under this Agreement, the 1993 Senior Note Indenture, the Senior Note Indentures and, with respect to JSF, the Receivables Program Documents.
Restrictions on Ability of Subsidiaries to Pay Dividends. Permit any Subsidiary to, directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or (b) make or repay loans or advances to any Loan Party or any Canadian Subsidiary except for encumbrances or restrictions under (i) this Agreement and the other Loan Documents, (ii) the Existing Stone Loan Documents, (iii) the indentures governing the Subordinated Notes, the Senior Notes or the First Mortgage Notes (or any refinancing thereof pursuant to Section 7.01(e)), (iv) with respect to FinSub, the Receivables Program Documents, (v) documentation governing the Indebtedness (including Indebtedness incurred after the date hereof) of Stone Container GmbH and its subsidiaries and (vi) any agreements identified on Schedule 7.12.
Restrictions on Ability of Subsidiaries to Pay Dividends. Except as required by applicable law and except as to covenants in existence on the Closing Date (if any), the Borrower shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any non-governmental contractual covenant restricting the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its Capital Stock or any other interest or (ii) make or repay any loans or advances to the Borrower or the parent of such Subsidiary.
Restrictions on Ability of Subsidiaries to Pay Dividends. Permit any Subsidiary to, directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or (b) make or repay loans or advances to any Loan Party except for encumbrances or restrictions under (i) this Agreement and the other Loan Documents, the JSC Credit Agreement and the Loan Documents (as defined in the JSC Credit Agreement), (ii) the indentures governing the Senior Notes (or any refinancing thereof pursuant to SECTION 7.01(e)), (iii) with respect to FinSub, the Receivables Program Documents, (iv) any agreements identified on SCHEDULE 7.12 and (v) on and after the JSC Transaction Date, any encumbrance or restriction permitted under Section 7.12 of the JSC Credit Agreement as in effect on the Restatement Date.
Restrictions on Ability of Subsidiaries to Pay Dividends. Except to the extent required by applicable law following the ongoing best efforts of Parent, permit its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (i) pay any dividends or make any other distributions on its capital stock or any other interest or (ii) make or repay any loans or advances to either Borrower or the parent of such Subsidiary to the extent any such restriction or limitation could result in a material adverse effect on the condition (financial or otherwise) of Parent or the Company or on the ability of Parent or the Company to service its Indebtedness or otherwise comply with the terms and conditions of any Loan Document.
Restrictions on Ability of Subsidiaries to Pay Dividends. Permit any Subsidiary to, directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or (b) make or repay loans or advances to any Loan Party, except for encumbrances or restrictions under (i) this Agreement and the other Loan Documents, (ii) the indentures governing the Senior Notes (or any refinancing thereof pursuant to Section 7.01(e)) or any other indenture or other document governing Indebtedness permitted hereby so long as the encumbrances and restrictions thereunder are no more onerous to any Subsidiary than those contained in the indentures governing the Senior Notes (or any refinancings thereof), (iii) with respect to any FinSub, the Receivables Program Documents and, (iv) any agreements identified on Schedule 7.12.
Restrictions on Ability of Subsidiaries to Pay Dividends. Directly or indirectly, voluntarily create or otherwise voluntarily cause or suffer to exist or become effective any encumbrance or restriction on the ability of such Loan Party to pay dividends or make any other distributions on its capital stock or any other Equity Interest or make or repay loans or advances to any other Loan Party, except for encumbrances or restrictions under this Credit Agreement and the other Loan Documents or under applicable law.
