SBH » Topics » 7.13 Burdensome Agreements.

This excerpt taken from the SBH 8-K filed Nov 15, 2006.

7.13 Burdensome Agreements.

The Company shall not, and shall not suffer or permit any Subsidiary to, enter into any Contractual Obligation (other than this Agreement or any other Loan Document) that expressly limits the ability of any Subsidiary to make Restricted Payments, directly or indirectly, to the Company or any other Loan Party except for (a) encumbrances or restrictions existing under or by reason of this Loan Agreement, (b) those imposed by applicable Laws, (c) agreements in existence and as in effect on the Closing Date (and any refundings, replacements or refinancing of the same not in excess of the then outstanding amount of the obligations thereunder and containing restrictions which are not less favorable to the Company and its Subsidiaries), (d) restrictions applicable to special purpose Subsidiaries pursuant to documentation governing any Permitted Receivables Financing, (e) restrictions applicable to any Person acquired by the Company or any Subsidiary provided that such restrictions (i) existed at the time of such Acquisition, (ii) were not incurred in contemplation thereof and (iii) are not applicable to any other Person and (f) pursuant to customary restrictions and conditions contained in any agreement relating to any sale of assets not prohibited hereunder pending the consummation of such sale.

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