Restrictive Subsidiary Covenants. The Company will not, nor will it permit any Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests or pay any Indebtedness or other Obligation owed to the Company or any other Subsidiary, make loans or advances or other Investments in the Company or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the Company or any other Subsidiary other than pursuant to # applicable law, # this Agreement or the other Loan Documents, # restrictions imposed by the holder of a Lien permitted by [Section 7.3(F) and (iv)])] restrictions imposed in a joint venture agreement on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or more of the joint venture partners or the joint venture’s board of directors (but not the consent of any third parties).

Restrictive Subsidiary Covenants. The Company​ will not, nor will it permit any Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests or pay any Indebtedness or other Obligation owed to the Company​ or any other Subsidiary, make loans or advances or other Investments in the Company​ or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the Company​ or any other Subsidiary other than pursuant to # applicable law, # this Agreement or the other Loan Documents, # restrictions imposed by the holder of a Lien permitted by [SectionSection 7.3(F) and (iv)])] restrictions imposed in a joint venture agreement on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or more of the joint venture partners or the joint venture’venture’s board of directors (but not the consent of any third parties).

SECTION # Other Restrictive Subsidiary Covenants.Agreements. The CompanyBorrower will not, nor will it permit any Subsidiary to, createdirectly or otherwise causeindirectly enter into, incur or permit to become effectiveexist any consensual encumbranceagreement or restriction ofother arrangement that prohibits, restricts or imposes any kind oncondition upon the ability of any Subsidiary to pay dividends or other distributions with respect to any Equity Interests or to make any other distribution in respect of its ownership interests or pay any Indebtedness or other Obligation owed to the Company or any other Subsidiary, makerepay loans or advances or other Investments in the Company or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the CompanyBorrower or any other Subsidiary or to Guarantee Indebtedness of the Borrower or any other than pursuantSubsidiary; provided that # the foregoing shall not apply to # applicable law, # this Agreement or the other Loan Documents, # restrictions and conditions imposed by any Requirement of Law or by any Loan Document and # the holderforegoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a LienSubsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted by [Section 7.3(F) and (iv)])] restrictions imposed in a joint venture agreement on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or more of the joint venture partners or the joint venture’s board of directors (but not the consent of any third parties).hereunder.

RestrictiveSECTION # Limitation on Restrictions on Subsidiary Covenants. The Company will not, nor will it permit any Subsidiary to, createDistributions. Enter into or otherwise causesuffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Restricted Subsidiary to # pay dividends or make any other distributiondistributions in respect of its ownership interestsany Capital Stock of such Subsidiary held by, or pay any Indebtedness or other Obligation owed toto, the CompanyBorrower or any other Subsidiary, # make loans or advances to, or other Investments inin, the CompanyBorrower or any other Subsidiary or # transfer any of its assets to the Borrower or any other Subsidiary, except for such encumbrances or sell, transferrestrictions existing under or otherwise conveyby reason of # any of its propertyrestrictions existing under the Loan Documents and # any restrictions with respect to the Company or any othera Subsidiary other thanimposed pursuant to # applicable law, # this Agreementan agreement which has been entered into in connection with the Disposition of all or the other Loan Documents, # restrictions imposed by the holder of a Lien permitted by [Section 7.3(F) and (iv)])] restrictions imposed in a joint venture agreement on the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or moresubstantially all of the joint venture partnersCapital Stock or the joint venture’s boardassets of directors (but not the consent of any third parties).such Subsidiary and # Permitted Restrictions.

Section # Restrictive Subsidiary Covenants.Agreements. The CompanyBorrower will not, norand will itnot permit any Subsidiaryof its Subsidiaries to, createdirectly or otherwise causeindirectly, enter into, incur or permit to become effectiveexist any consensual encumbranceagreement that prohibits, restricts or restrictionimposes any condition upon # the ability of the Borrower or any kind onof its Subsidiaries to create, incur or permit any Lien upon any of its assets or properties, whether now owned or hereafter acquired, or # the ability of any Subsidiaryof its Subsidiaries to pay dividends or other distributions with respect to its Capital Stock, to make any other distribution in respect of its ownership interests or pay any Indebtednessrepay loans or other Obligation owedadvances to the CompanyBorrower or any other Subsidiary, make loans or advances or other Investments inSubsidiary thereof, to Guarantee Indebtedness of the CompanyBorrower or any other Subsidiary,Subsidiary thereof or sell,to transfer or otherwise convey any of its property or assets to the CompanyBorrower or any other Subsidiary other than pursuantthereof; provided that # the foregoing shall not apply to # applicable law, #restrictions or conditions imposed by law or by this Agreement or theany other Loan Documents,Document, # the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is sold and such sale is permitted hereunder, # clause (a) shall not apply to restrictions or conditions imposed by the holder of a Lienany agreement relating to secured Indebtedness permitted by [Section 7.3(F)this Agreement if such restrictions and (iv)])] restrictions imposedconditions apply only to the property or assets securing such Indebtedness and # clause (a) shall not apply to customary provisions in a joint venture agreement onleases restricting the ability of any Subsidiary to pay dividends or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or more of the joint venture partners or the joint venture’s board of directors (but not the consent of any third parties).assignment thereof.

SECTION # Restrictive Subsidiary Covenants. The Company will not, nor will itAgreements. Enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon # the ability of ​ or any Subsidiary to, createto create, incur or otherwise causepermit to become effectiveexist any consensual encumbranceLien upon any of its property or restriction of any kind onassets, or # the ability of any Subsidiary (other than a Receivables Subsidiary pursuant to the terms of a Receivables Purchase Facility permitted by this Agreement) to pay dividends or make any other distribution indistributions with respect to holders of its ownership interestsCapital Stock or pay any Indebtednessto make or other Obligation owed to the Company or any other Subsidiary, makerepay loans or advances or other Investments in the Company or any other Subsidiary, or sell, transfer or otherwise convey any of its property to the Company​ or any other Subsidiary or to Guarantee Indebtedness of ​ or any other than pursuantSubsidiary; provided that # the foregoing shall not apply to # applicable law, # this Agreement or the other Loan Documents, # restrictions and conditions imposed by law or regulations or by any Loan Document, # the holderforegoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, # the foregoing shall not apply to restrictions or conditions imposed by, or rights arising under, any transaction giving rise to a Lien permitted by [Section 7.3(F)this Agreement or any Hedging Agreement, in each case if such restrictions, conditions or rights apply only to the property or assets securing or encumbered by such transaction (or obligation thereunder) or Hedging Agreement and (iv)])]such restrictions, conditions or rights are customary for such transaction or Hedging Agreement, # the foregoing shall not apply to restrictions or conditions imposed in a joint ventureby any agreement on the ability of any Subsidiaryrelating to pay dividendsIndebtedness permitted by this Agreement if such restrictions or make any other distribution in respect of its ownership interests, the removal of which requires the consent of one or moreconditions are customary for such Indebtedness and # clause (a) of the joint venture partners orforegoing shall not apply to customary provisions in leases and other contracts restricting the joint venture’s board of directors (but not the consent of any third parties).assignment thereof.