Common use of Restrictions on Dividends and Other Distributions Clause in Contracts

Restrictions on Dividends and Other Distributions. The undersigned will not, 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 the undersigned or any of its Subsidiaries, or pay any Indebtedness owed by any such Subsidiary to the undersigned or any other Subsidiary of the undersigned, (b) make loans or advances to the undersigned, or (c) transfer any of its properties or assets to the undersigned, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Guaranty, (iii) or customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the undersigned or any Subsidiary of the undersigned.

Restrictions on Dividends and Other Distributions. The undersigned will not, 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 the undersigned or any of its Subsidiaries, or pay any Indebtedness owed by any such Subsidiary to the undersigned or any other Subsidiary of the undersigned, (b) make loans or advances to the undersigned, or (c) transfer any of its properties or assets to the undersigned, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Guaranty, (iii) or customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the undersigned or any Subsidiary of the undersigned.,