Common use of Avoidance of Distributions Clause in Contracts

Avoidance of Distributions. Up until the Closing Date, the Company 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 4 contracts

Samples: Membership Interest Purchase Agreement (Capital Art, Inc.), Stock Purchase Agreement (Nuoasis Gaming Inc), Stock Purchase Agreement (Morellis Nona Ii Inc)

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

Appears in 1 contract

Samples: Merger Agreement (VizStar, Inc.)

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