Dividends and Loans. Borrower shall not (i) declare or pay any dividends, (ii) purchase, redeem, retire or otherwise acquire for value any of its capital stock or equity interests now or hereafter outstanding, (iii) make any distribution of assets to its stockholders, investors, or equity holders, whether in cash, assets, or in obligations of Borrower, (iv) allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of its capital stock or equity interests, or (v) make any other distribution by reduction of capital or otherwise in respect of any shares of its capital stock or equity interests. Borrower shall not make any loans or pay any advances of any nature whatsoever to any person or entity, except advances in the ordinary course of business to vendors, suppliers, and contractors.
Dividends and Loans. Merit Medical shall not (a) declare or pay any dividends, (b) purchase, redeem, retire or otherwise acquire for value any of their capital stock now or hereafter outstanding, (c) make any distribution of assets to its stockholders, investors, or equity holders, whether in cash, assets, or in obligations of Merit Medical, (d) allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of their capital stock or equity interests, or (e) make any other distribution by reduction of capital or otherwise in respect of any shares of their capital stock or equity interests, without, in each case, the prior written consent of Lender, which consent shall not be unreasonably withheld.. No Borrower shall make any loans or pay any advances of any nature whatsoever to any person or entity, except advances in the ordinary course of business to employees, vendors, suppliers, and contractors.
Dividends and Loans. The Company has not made any payment to its shareholders or any other Person or granted or received loans or furnished securities in contravention of the Swedish Companies Act (Sw. Aktiebolagslagen (2005:551)) or the equivalent legislation in any relevant jurisdiction.
Dividends and Loans. 15 Section 6.13. Insurance. . . . . . . . . . . . . . . . . . . . . . . . .16 Section 6.14. Inspection. . . . . . . . . . . . . . . . . . . . . . . . .16 Section 6.15. Operation of Business . . . . . . . . . . . . . . . . . . .16 Section 6.16. Maintenance of Records and Properties . . . . . . . . .
Dividends and Loans. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary's capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary's property or assets to the Company or any other subsidiary of the Company, except as described in or contemplated by the Prospectus.
Dividends and Loans. Borrower shall not (a) declare or pay any dividends except as are mandatorily required on Borrower's preferred stock, (b) purchase, redeem, retire or otherwise acquire for value any of its capital stock now or hereafter outstanding in excess of $2,000,000.00 for any year, (c) make any distribution of assets to its stockholders, investors, or equity holders, whether in cash, assets, or in obligations of Borrower, (d) allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of its capital stock or equity interests in excess of $2,000,000.00 for any year, or (e) make any other distribution by reduction of capital or otherwise in respect of any shares of its capital stock or equity interests, in excess of $250,000.00. It is expressly agreed upon between Borrower and Lender that this covenant does not apply to any distributions made by Borrower to any of Borrower's non-borrowing subsidiaries. Borrower shall not make any loans or pay any advances of any nature whatsoever to any person or entity, except advances in the ordinary course of business to vendors, suppliers, and contractors. This covenant does not apply to any loans or advances made by Borrower to any of Borrower's non-borrowing subsidiaries.
Dividends and Loans. Except after a Qualified Public Offering, Borrower shall not (i) declare or pay any dividends, (ii) purchase, redeem, retire or otherwise acquire for value any of its capital stock or equity interests now or hereafter outstanding, (iii) make any distribution of assets to its stockholders, investors, or equity holders, whether in cash, assets, or in obligations of Borrower, (iv) allocate or otherwise set apart any sum for the payment of any dividend or distribution on, or for the purchase, redemption, or retirement of any shares of its capital stock or equity interests, or (v) make any other distribution by reduction of capital or otherwise in respect of any shares of its capital stock or equity interests. Borrower shall not make any loans or pay any advances of any nature whatsoever to any person or entity, except (i) advances in the ordinary course of business to vendors, suppliers, and contractors, and (ii) travel advances, employee relocation loans and other employee loans and advances in the ordinary course of business not to exceed one hundred thousand dollars ($100,000.00) in the aggregate amount outstanding at any time.
Dividends and Loans. 7.5.1 The Company has not made any payment to its shareholders or any other Person in conflict with its constitutional documents, the Swedish Companies Act or any other applicable legal requirement.
7.5.2 The Company has not granted loans or furnished securities in any form in conflict with its constitutional documents, the Swedish Companies Act or any other applicable legal requirement.
7.5.3 No dividend or other distribution of profits or assets has been (or has been agreed to be) declared, made or paid by the Company since the Accounts Date.
7.5.4 The Company has not lent any money to any Person which has not been repaid to it and does not own the benefit of any debt (whether present or future, actual or contingent) other than amounts owing by way of trade credit in the ordinary course of business as a result of goods or services supplied on normal arm’s length terms.
7.5.5 The Company has no Liability with respect to any guarantee or surety.
Dividends and Loans. 6.6.1 The Company has not since the Closing Balance Sheet Date declared or paid any dividend, group contribution or made any other distribution (including but not limited to repayment of conditional contributions) to the Sellers or any other person.
6.6.2 The Company has not made any payment to its shareholders or any other person in contravention with the Swedish Companies Act.
6.6.3 Except as set forth in the Disclosure Letter, the Company has not granted loans or furnished securities in contravention with the Swedish Companies Act.
Dividends and Loans. After the execution of this Agreement and prior to the Closing, Ensyn will not (a) declare, set aside or pay, directly or indirectly, any cash or stock dividend, or other distribution in respect of its capital stock, or (b) make any loan to any Person, or (c) purchase, or repurchase, any security issued by Ensyn. Except for this Agreement, there is no Contract to which Ensyn is a party or by which it is bound which would, after the Closing, in any way restrict the ability of Ensyn to declare or to distribute any dividend or incur any debt.
