Common use of Distributions on Capital Stock Clause in Contracts

Distributions on Capital Stock. So long as any of the Notes remain outstanding, the Company shall not without each Purchaser’s written consent, (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of Common Stock or (b) directly or indirectly or through any Subsidiary make any other payment or distribution in respect of its capital stock.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Corphousing Group Inc.), Securities Purchase Agreement (Corphousing Group Inc.), Securities Purchase Agreement (Edible Garden AG Inc)

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Distributions on Capital Stock. So long as any of the Notes remain outstanding, the Company shall not without each PurchaserLender’s written consent, (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of Common Stock or (b) directly or indirectly or through any Subsidiary make any other payment or distribution in respect of its capital stock.

Appears in 1 contract

Samples: Loan Agreement (Luxurban Hotels Inc.)

Distributions on Capital Stock. So long as any of the Notes or Preferred Shares remain outstanding, the Company shall not without each Purchaser’s written consent, (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of Common Stock or (b) directly or indirectly or through any Subsidiary make any other payment or distribution in respect of its capital stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Corphousing Group Inc.)

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Distributions on Capital Stock. So long as any of the Notes Shares remain outstanding, the Company shall not without each Purchaserthe Holder’s written consent, (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares of Common Stock or (b) directly or indirectly or through any Subsidiary make any other payment or distribution in respect of its capital stock.

Appears in 1 contract

Samples: Exchange Agreement (Edible Garden AG Inc)

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