Common use of CAPITAL STRUCTURE AND DIVIDENDS Clause in Contracts

CAPITAL STRUCTURE AND DIVIDENDS. Neither the Borrower nor any subsidiary shall purchase or redeem, or obligate itself to purchase or redeem, any shares of the Borrower's capital stock, of any class, issued and outstanding from time to time, provided, however, that the Borrower may purchase an amount of shares of the Borrower's capital stock in a total amount not to exceed $1,000,000 in the aggregate (as determined for the period beginning on the date hereof and ending on the Termination Date); or declare or pay any dividend (other than dividends payable in its own common stock or to the Borrower) or make any other distribution in respect of such shares other than to the Borrower. The Borrower shall continue to own, directly or indirectly, the same (or greater) percentage of the stock of each subsidiary that it held on the date of this Agreement, and no subsidiary shall issue any additional securities other than to the Borrower.

CAPITAL STRUCTURE AND DIVIDENDS. Neither the Borrower nor any subsidiary Subsidiary shall purchase or redeem, or obligate itself to purchase or redeem, any shares of the Borrower's ’s capital stock, of any class, issued and outstanding from time to time, provided, however, that the Borrower may purchase an amount of shares of the Borrower's ’s capital stock in a total amount not to exceed $1,000,000 2,000,000 in the aggregate (as determined for the period beginning on the date hereof and ending on the Termination Date); or declare or pay any dividend (other than dividends payable in its own common stock or to the Borrower) or make any other distribution in respect of such shares other than to the Borrower. The Borrower shall continue to own, directly or indirectly, the same (or greater) percentage of the stock of each subsidiary Subsidiary that it held on the date of this Agreement, and no subsidiary Subsidiary shall issue any additional securities other than to the Borrower.

CAPITAL STRUCTURE AND DIVIDENDS. Neither the Borrower nor any subsidiary Subsidiary shall purchase or redeem, or obligate itself to purchase or redeem, any shares of the Borrower's ’s capital stock, of any class, issued and outstanding from time to time, provided, however, that the Borrower may purchase an amount of shares of the Borrower's ’s capital stock in a total amount not to exceed $1,000,000 2,750,000 in the aggregate (as determined for the period beginning on the date hereof May 29, 2004 and ending on the Termination Date); or declare or pay any dividend (other than dividends payable in its own common stock or to the Borrower) or make any other distribution in respect of such shares other than to the Borrower. The Borrower shall continue to own, directly or indirectly, the same (or greater) percentage of the stock of each subsidiary Subsidiary that it held on the date of this Agreement, and no subsidiary Subsidiary shall issue any additional securities other than to the Borrower.”