Common use of Distributions and Redemptions Clause in Contracts

Distributions and Redemptions. (i) Except with respect to the Series D Preferred Stock, or forward stock splits in the form of a dividend, declare or pay any dividends or make any distributions to any holder(s) of any shares of capital stock of the Company or (ii) purchase, redeem or otherwise acquire for value, directly or indirectly, any security issued by Company, except as may be required by the terms of such security or by this Agreement.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Global Diversified Industries Inc), Securities Purchase Agreement (Global Diversified Industries Inc)

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Distributions and Redemptions. (i) Except with respect to the Series D Preferred Stockits shares of preferred stock outstanding, or forward stock splits in the form of a dividend, declare or pay any dividends or make any distributions to any holder(s) of any shares of capital stock of the Company Company; or (ii) purchase, redeem or otherwise acquire for value, directly or indirectly, any security issued by Companyshares of its capital stock or warrants or rights to acquire such capital stock, except as may be required by the terms of such security or by this Agreementits shares of preferred stock outstanding.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Amacore Group, Inc.), Securities Purchase Agreement (Amacore Group, Inc.)

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Distributions and Redemptions. (i) Except with respect to the Series D A Preferred Stock, or forward stock splits in the form of a dividend, declare or pay any dividends or make any distributions to any holder(s) of any shares of capital stock of the Company or (ii) purchase, redeem or otherwise acquire for value, directly or indirectly, any security issued by Company, except as may be required by the terms of such security or by this Agreementsecurity.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Net TALK.COM, Inc.), Securities Purchase Agreement (Net TALK.COM, Inc.)

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