Common use of Avoidance of Distributions Clause in Contracts

Avoidance of Distributions. Up until the Closing Date, Purchaser shall not declare any dividends, make any payments or distributions to its stockholders or purchase for cash or redeem any of its shares of capital stock.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Premier Holding Corp.), Purchase Agreement (Premier Holding Corp.)

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Avoidance of Distributions. Up until the Closing Date, Purchaser the Buyer shall not declare any dividends, make any payments or distributions to its stockholders or purchase for cash or redeem any of its shares of capital stock.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Eagle Wireless International Inc), Stock Purchase Agreement (Eagle Wireless International Inc), Stock Purchase Agreement (Eagle Wireless International Inc)

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