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Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

Category — Covenants
Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries - a covenant that prevents cash flow required to service an issuer's from being trapped at a subsidiary level. The covenant provides that all cash generated by Restricted Subsidiaries can freely flow up to the Issuer so that it may be used to satisfy its obligations under the bonds.
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