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.
Appears in 3 contracts
Sources: Credit Agreement (Jefferson Smurfit Corp /De/), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Jsce Inc)