Common use of Distributions and Dividends Clause in Contracts

Distributions and Dividends. Subsequent to the Effective Date, Isodiol has not declared or paid any dividend on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the ordinary course of business, or agreed to take any such action. Isodiol will not take any such action during the period between the Effective Date and the Closing Date, except as expressly provided for in Section 14 below.

Appears in 2 contracts

Samples: Share Exchange Agreement, Share Exchange Agreement

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Distributions and Dividends. Subsequent to the Effective Date, Isodiol has not declared or paid any dividend on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the ordinary course of business, or agreed to take any such action. Isodiol will not take any such action during the period between the Effective Date and the Closing Date, except as expressly provided for in Section 14 15.c below.

Appears in 1 contract

Samples: Investment Agreement

Distributions and Dividends. Subsequent to the Effective Date, Isodiol has not declared or paid any dividend on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the ordinary course of business, or agreed to take any such action. Isodiol will not take any such action during the period between the Effective Date and the Closing Date, except as expressly provided for in Section 14 15.d below.

Appears in 1 contract

Samples: Investment Agreement

Distributions and Dividends. Subsequent to the Effective Date, Isodiol has not declared or paid any dividend on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the ordinary course of business, or agreed to take any such action. Isodiol will not take any such action during the period between the Effective Date and the Closing Date, except as expressly provided for in Section 14 15 below.

Appears in 1 contract

Samples: Share Exchange Agreement

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Distributions and Dividends. Subsequent to the Effective Date, Isodiol has not declared or paid any dividend on its outstanding shares of common stock or declared or made any distribution on, or directly or indirectly redeemed, purchased or otherwise acquired any of its outstanding stock or authorized the creation or issuance of, or issued any additional shares of stock outside the ordinary course of business, or agreed to take any such action. Isodiol will not take any such action during the period between the Effective Date and the Closing Date, except as expressly provided for in Section 14 below.

Appears in 1 contract

Samples: Purchase Agreement

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