Common use of Dividend and Other Payment Stoppages Clause in Contracts

Dividend and Other Payment Stoppages. So long as any Debentures remain Outstanding, if the Company shall have given notice of its election to defer interest payments on the Debentures but the related Deferral Period has not yet commenced or a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary of the Company to:

Appears in 7 contracts

Samples: Fourth Supplemental Indenture (Globe Life Inc.), Third Supplemental Indenture (Torchmark Corp), First Supplemental Indenture (Torchmark Corp)

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Dividend and Other Payment Stoppages. So long as any Debentures remain Outstandingoutstanding, if the Company shall have has given notice of its election to defer interest payments on the Debentures but the related Deferral Period has not yet commenced or a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary of the Company to:

Appears in 2 contracts

Samples: Allstate Corp, Allstate Corp

Dividend and Other Payment Stoppages. So long as any Debentures remain Outstandingoutstanding, (a) if the Company shall have has given notice of its election to defer interest payments on the Debentures but the related Deferral Period has not yet commenced commenced, or (b) a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary of the Company to:

Appears in 2 contracts

Samples: Eighth Supplemental Indenture (Allstate Corp), Seventh Supplemental Indenture (Allstate Corp)

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Dividend and Other Payment Stoppages. So long as any Debentures remain Outstanding, if the Company shall have given notice of its election to defer interest payments on the Debentures pursuant to Section 2.06 but the related Deferral Period has not yet commenced or a Deferral Period is continuing, the Company shall not, and shall not permit any Subsidiary of the Company to:

Appears in 1 contract

Samples: Protective Life Corp

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