Common use of Restrictions on Intercompany Transfers Clause in Contracts

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, any “Loan Document” under the Revolving Credit Agreement or the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, Agreement or any “Loan Document” under the Revolving Credit Agreement or the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Term Loan Agreement, the Existing Delayed Draw Term Loan Agreement, the Note Purchase Agreement, any “Loan Document” under the Revolving Credit Term Loan Agreement or the Existing Delayed Draw Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances disbursements to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, any “Loan Document” under the Revolving Credit Agreement or the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances disbursements to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, Agreement or any “Loan Document” under the Revolving Credit Agreement or the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances disbursements to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, any “Loan Document” under the Revolving Credit Agreement or any “Loan Document” under the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase AgreementDocument, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.

Restrictions on Intercompany Transfers. The Borrower shall not, and shall not permit any other Loan Party to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Loan Party to: (a) pay dividends or make any other distribution on any of such Loan Party’s capital stock or other Equity Interests owned by a Loan Party; (b) pay any Indebtedness owed to a Loan Party; (c) make loans or advances to a Loan Party; or (d) transfer any of its property or assets to a Loan Party; other than (i) with respect to clauses (a) through (d) those encumbrances or restrictions contained in (or not more restrictive than) any Loan Document, the Revolving Credit Agreement, the Existing Term Loan Agreement, the Note Purchase Agreement, any “Loan Document” under the Revolving Credit Agreement or the Existing Term Loan Agreement or any “Subsidiary Guaranty” or “Note” under the Note Purchase Agreement, or (ii) with respect to clauses (a) through (d), customary provisions restricting any such actions not undertaken in the ordinary course of business or on fair and reasonable terms.