Common use of Dividends and Certain Other Restricted Payments Clause in Contracts

Dividends and Certain Other Restricted Payments. The Company shall not, nor shall it permit any of its subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its capital stock or other equity interests or (b) directly or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity interests or any warrants, options, or similar instruments to acquire the same.

Appears in 8 contracts

Samples: Note and Warrant Purchase Agreement (Miso Robotics, Inc.), Senior Secured Promissory Note (Miso Robotics, Inc.), Senior Secured Promissory Note (Miso Robotics, Inc.)

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Dividends and Certain Other Restricted Payments. The Company shall will not, nor shall will it permit any of its subsidiaries to, (a) declare or pay any dividends on or make any other distributions in respect of any class or series of its capital stock or other equity interests or (b) directly or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity interests or any warrants, options, or similar instruments to acquire the same.

Appears in 3 contracts

Samples: Junior Secured Convertible Note Purchase Agreement (Dyntek Inc), Note Purchase Agreement (Dyntek Inc), Note Purchase Agreement (Miller Lloyd I Iii)

Dividends and Certain Other Restricted Payments. The Company shall not, nor shall it permit any of its subsidiaries to, (a) declare or pay any dividends on or make any other distributions (other than dividends and distributions payable solely in its capital stock) in respect of any class or series of its capital stock or other equity interests or (b) directly or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, if an Event of Default exists prior to or would exist after giving effect to such action.

Appears in 2 contracts

Samples: Credit Agreement (Amcol International Corp), Credit Agreement (Amcol International Corp)

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Dividends and Certain Other Restricted Payments. The Company shall not, nor shall it permit any of its subsidiaries Subsidiary to, during any fiscal year (ai) declare or pay any dividends on or make any other distributions in respect of any class or series of its capital stock or (other equity interests than dividends payable solely in its capital stock) or (bii) directly or indirectly purchase, redeem, redeem or otherwise acquire or retire any of its capital stock or other equity interests or any warrantsstock, options, or similar instruments to acquire the same.except that:

Appears in 1 contract

Samples: Credit Agreement (Everest One Ipa Inc)

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