Common use of No Restrictions on Subsidiary Dividends Clause in Contracts

No Restrictions on Subsidiary Dividends. Except to the extent that any such agreement may be contained in the Loan Documents or the Permitted Term B Loan Documents, no Borrower will agree, or permit any Borrower Subsidiary to agree, to create or otherwise permit to exist any consensual encumbrance or restriction of any kind on the ability of any Borrower Subsidiary to pay dividends or make any other distribution or transfer of funds or assets or make loans or advances to or other Investments in, or pay any Indebtedness owing to, any Borrower or any other Borrower Subsidiary.

No Restrictions on Subsidiary Dividends. Except to the extent that any such agreement may be contained in the Loan Documents Documents, the Senior Notes or the Permitted Term B Loan Documents, no Borrower will agree, or permit any Borrower Subsidiary to agree, to create or otherwise permit to exist any consensual encumbrance or restriction of any kind on the ability of any Borrower Subsidiary to pay dividends or make any other distribution or transfer of funds or assets or make loans or advances to or other Investments in, or pay any Indebtedness owing to, any Borrower or any other Borrower Subsidiary.