Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective or enter into any agreement with any person that would cause any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of the Company to (i) pay dividends, in cash or otherwise, or make any other distributions on its Capital Stock or any other interest or participation in, or measured by, its profits owned by, or pay any Indebtedness owed to, the Company or any of its Subsidiaries, (ii) make loans or advances to the Company or any of its Subsidiaries or (iii) transfer any of its Properties to the Company or any of its Subsidiaries, except, in each case, for such encumbrances or restrictions existing under or contemplated by or by reason of customary non-assignment or sublease provisions of any agreement of the Company or its Subsidiaries.
Appears in 2 contracts
Sources: Indenture (Ibf Vi Guaranteed Income Fund), Indenture (Ibf Vi Guaranteed Income Fund)
Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries. The Company will not, and will not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective or enter into any agreement with any person Person that would cause any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of the Company to (ia) pay dividends, in cash or otherwise, or make any other distributions on its Capital Stock or any other interest or participation in, or measured by, its profits owned byby the Company or a Subsidiary of the Company, (b) make any loans or advances to or pay any Indebtedness owed to, the Company or any Subsidiary of its Subsidiaries, (ii) make loans or advances to the Company or any of its Subsidiaries or (iiic) transfer any of its Properties properties or assets to the Company or to any Subsidiary of its Subsidiariesthe Company, except, in each case, except for such (i) encumbrances or restrictions existing under or contemplated by or by reason of customary non-assignment the Notes, this Indenture, and the Guarantees, (ii) encumbrances or sublease provisions of any agreement of restrictions existing under or contemplated by agreements as in effect on the Company or its Subsidiaries.Issue Date,
Appears in 1 contract
Sources: Indenture (D&f Industries Inc)