Common use of Declaration and Payment of Dividends Clause in Contracts

Declaration and Payment of Dividends. (a) Rampage Shopping shall not declare any dividend at any time without the Beneficiary’s prior written consent, unless and until all sums due to the Beneficiary under the Loan Agreement and each of the other Principal Agreements have been unconditionally and irrevocably paid and all Obligations under the Principal Agreements have been fully discharged.

Appears in 3 contracts

Samples: Equity Pledge Agreement (Mecox Lane LTD), Equity Pledge Agreement (Mecox Lane LTD), Equity Pledge Agreement (Mecox Lane LTD)

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Declaration and Payment of Dividends. (a) Rampage ML Shopping shall not declare any dividend at any time without the Beneficiary’s prior written consent, unless and until all sums due to the Beneficiary under the Loan Agreement and each of the other Principal Agreements have been unconditionally and irrevocably paid and all Obligations under the Principal Agreements have been fully discharged.

Appears in 3 contracts

Samples: Equity Pledge Agreement (Mecox Lane LTD), Equity Pledge Agreement (Mecox Lane LTD), Equity Pledge Agreement (Mecox Lane LTD)

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