Common use of Distributions; Loans; Fees Clause in Contracts

Distributions; Loans; Fees. Borrower will not (i) declare or pay cash or stock distributions (including any return of capital) or dividends upon any of Borrower’s Capital Stock (including any preferred stock now or hereafter issued by Borrower), (ii) make any distributions of Borrower’s assets, (iii) incur, permit, or make any loans, advances or extensions of credit to any Person, including any of Borrower’s Affiliates, officers, employees, or directors, or (iv) pay any consulting, management or directors’ fees to or for the account of any stockholder, director, officer, or other Affiliate of Borrower, except that Borrower may:

Appears in 3 contracts

Samples: Financing Agreement (Claymont Steel Holdings, Inc.), Financing Agreement (CitiSteel PA, Inc.), Financing Agreement (CitiSteel PA, Inc.)

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Distributions; Loans; Fees. Borrower will not (i) declare or pay cash or stock distributions (including any return of capital) or dividends upon any of Borrower’s Capital Stock (including any preferred stock now or hereafter issued by BorrowerPreferred Stock), (ii) make any distributions of Borrower’s assets, (iii) incur, permit, or make any loans, advances or extensions of credit to any Person, including any of Borrower’s Affiliates, officers, employees, or directors, or (iv) pay any consulting, management or directors’ fees to or for the account of any stockholder, director, officer, or other Affiliate of Borrower, except that Borrower maythat:

Appears in 2 contracts

Samples: Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.)

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Distributions; Loans; Fees. No Borrower will not (i) declare or pay cash or stock distributions (including any return of capital) or dividends upon any of Borrower’s 's Capital Stock (including any preferred stock now or hereafter issued by Borrower), (ii) make any distributions of any Borrower’s 's assets, (iii) incur, permit, or make any loans, advances or extensions of credit to any Person, including any of Borrower’s 's Affiliates, officers, employees, or directors, or (iv) pay any consulting, management or directors' fees to or for the account of any stockholder, director, officer, or other Affiliate of any Borrower, except that Borrower maythat:

Appears in 2 contracts

Samples: Financing Agreement (Suntron Corp), Note Purchase Agreement (Suntron Corp)

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