Common use of No New Restrictions on Subsidiary Dividends Clause in Contracts

No New Restrictions on Subsidiary Dividends. Except as may be required by any applicable Requirements of Law or pursuant to the Loan Documents, the Company will not agree, or permit any of the Domestic Subsidiaries to agree, to create or otherwise become effective any consensual encumbrance or restriction of any kind on the ability of any Domestic Subsidiary to (i) pay, directly or indirectly, dividends or make any other distributions in respect of its Capital Stock, (ii) make any other distribution or transfer of funds or assets or (iii) make loans or advances to or other Investments in, or pay any Indebtedness or other obligation owing to, the Company.

No New Restrictions on Subsidiary Dividends. Except as may be required by any applicable Requirements of Law or pursuant to the Loan DocumentsDocuments or the Subordinated Notes Indenture, the Company will not agree, or permit any of the Domestic its Subsidiaries to agree, to create or otherwise permit to become effective any consensual encumbrance or restriction of any kind on the ability of any Domestic Subsidiary to (i) pay, directly or indirectly, dividends or make any other distributions in respect of its Capital Stock, (ii) make any other distribution or transfer of funds or assets to the Company or (iii) make loans or advances to or other Investments in, or pay any Indebtedness or other obligation owing to, the Company.