Limitation on Certain Restrictions on Subsidiaries. JCC Holding will not, and will not permit any of its Subsidiaries (other than Unrestricted 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 (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by JCC Holding or any Subsidiary of JCC Holding, or pay any Indebtedness owed to the Company or a Subsidiary of the Company, (b) make loans or advances to the Company or any of the Company's Subsidiaries or (c) transfer any of its properties or assets to the Company, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) the Documents, (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Company or a Subsidiary of the Company and (iv) customary provisions restricting assignment of any licensing agreement entered into by the Company or a Subsidiary of the Company in the ordinary course of business.
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Sources: Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC), Indenture (JCC Holding Co)
Limitation on Certain Restrictions on Subsidiaries. JCC Holding The Company will not, and will not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to, directly or indirectly, create or otherwise cause or suffer permit to exist or become effective any encumbrance Lien or restriction on the ability of any such Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by JCC Holding the Company or any Subsidiary of JCC Holdingthe Company, or pay any Indebtedness owed to the Company or a Subsidiary of the Company, or (b) make loans or advances to the Company or any Subsidiaries of the Company's Subsidiaries or (c) transfer any of its properties or assets to the Company, except for such encumbrances Liens or restrictions existing under or by reason of (i) applicable lawLaw, (ii) the Documentsthis Agreement, (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Company or a Subsidiary of the Company and Company, (iv) customary provisions restricting assignment of any licensing agreement entered into by the Company or a Subsidiary of the Company in the ordinary course of business; and (v) customary provisions restricting distributions pursuant to any Permitted Receivables Transaction.
Appears in 2 contracts
Sources: Credit Agreement (Aptargroup Inc), Multicurrency Credit Agreement (Aptargroup Inc)
Limitation on Certain Restrictions on Subsidiaries. JCC Holding Neither the Company nor USHG will, nor will not, and will not it permit any of its Subsidiaries (other than Unrestricted Subsidiaries) or Egarden Inc. 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 (a) pay dividends or make any other distributions on its capital stock Capital Stock or any other interest or participation in its profits owned by JCC Holding or any Subsidiary of JCC Holdingthe Corporations, or pay any Indebtedness owed to the Company or a Subsidiary any of the CompanyCorporations, (b) make loans or advances to the Company or any of the Company's Subsidiaries Corporations or (c) transfer any of its properties or assets to any of the CompanyCorporations, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the other Purchaser Documents, (iii) the Senior Debt Documents, (iv) customary provisions restricting subletting or assignment of any lease governing a any leasehold interest of the Company or a Subsidiary any of the Company and Corporations, (ivv) customary provisions restricting assignment of any licensing agreement (in which any of the Corporations is the licensee) or other contract entered into by the Company or a Subsidiary any of the Company Corporations in the ordinary course of business, (vi) restrictions on the transfer of any asset pending the close of the sale of such asset, and (vii) restrictions on the transfer of any asset subject to a Lien permitted by Section 7.1 hereof.
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Sources: Note and Warrant Purchase Agreement (Us Home & Garden Inc)
Limitation on Certain Restrictions on Subsidiaries. JCC Holding Except -------------------------------------------------- as set forth on Schedule XVIII, Holdings will not, and will not permit any of its Subsidiaries (other than Unrestricted 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 of Holdings to (ai) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by JCC Holding Holdings or any Subsidiary of JCC HoldingHoldings, or pay any Indebtedness owed to the Company Holdings or a Subsidiary of the CompanyHoldings, (bii) make loans or advances to the Company Holdings or any of the CompanyHoldings's Subsidiaries or (ciii) transfer any of its properties or assets to the CompanyHoldings, except for such encumbrances or restrictions existing under or by reason of (iw) applicable law, (iix) this Agreement and the Documents, other Credit Documents and (iiiy) customary provisions restricting subletting or assignment assignments of any lease governing a leasehold interest of the Company Holdings or a Subsidiary of the Company and (iv) customary provisions restricting assignment of any licensing agreement entered into by the Company or a Subsidiary of the Company in the ordinary course of businessHoldings.
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Limitation on Certain Restrictions on Subsidiaries. JCC Holding Holdings will not, and will not permit any of its Subsidiaries (other than Unrestricted 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 of Holdings to (ai) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by JCC Holding Holdings or any Subsidiary of JCC HoldingHoldings, or pay any Indebtedness owed to the Company Holdings or a Subsidiary of the CompanyHoldings, (bii) make loans or advances to the Company Holdings or any Subsidiaries of the Company's Subsidiaries Holdings or (ciii) transfer any of its properties or assets to Holdings or the CompanyBorrower, except for such encumbrances or restrictions existing under or by reason of (ix) applicable law, (iiy) this Agreement and the Documents, other Credit Documents and (iiiz) customary provisions restricting subletting or assignment assignments of any lease governing a leasehold interest of the Company Borrower or a Subsidiary of the Company and (iv) customary provisions restricting assignment of any licensing agreement entered into by the Company or a Subsidiary of the Company in the ordinary course of businessBorrower.
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Limitation on Certain Restrictions on Subsidiaries. JCC Holding Holdings will not, and will not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to, directly or indirectly, create or otherwise other-wise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by JCC Holding Holdings or any Subsidiary of JCC HoldingHoldings, or pay any Indebtedness owed to the Company Holdings or a Subsidiary of the CompanyHoldings, (b) make loans or advances to the Company Holdings or any Subsidiary of the Company's Subsidiaries Holdings or (c) transfer any of its properties or assets to the CompanyHoldings or any other Subsidiary, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the other Credit Documents, (iii) customary provisions restricting subletting or assignment of any lease governing a leasehold lease-hold interest of the Company Borrowers or a Subsidiary of the Company Borrowers and (iv) customary provisions restricting assignment of any licensing agreement entered into by the Company Borrowers or a Subsidiary of the Company Borrowers in the ordinary course of business.
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