Common use of Dividends and Redemptions Clause in Contracts

Dividends and Redemptions. No Borrower shall, or shall permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests of such Borrower now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Credit and Security Agreement (Lexington Precision Corp)

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Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower Borrower, Guarantor or Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:

Appears in 2 contracts

Samples: Loan and Security Agreement (Pep Boys Manny Moe & Jack), Loan and Security Agreement (Pep Boys Manny Moe & Jack)

Dividends and Redemptions. No Borrower shallshall not, or and shall not permit any Subsidiary of Borrower to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of Borrower or of such Borrower Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Glass Container Corp /New)

Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower or Guarantor now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:

Appears in 1 contract

Samples: Loan Agreement (Listerhill Total Maintenance Center LLC)

Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower Borrower, Guarantor or Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except except, that:

Appears in 1 contract

Samples: Loan and Security Agreement (Pep Boys Manny Moe & Jack)

Dividends and Redemptions. No Borrower shallshall not, or and shall not permit any Subsidiary of Borrower to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of Borrower or of such Borrower Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except thatEXCEPT THAT:

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Glass Container Corp /New)

Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of any class of any Equity Interests Capital Stock of such Borrower or Guarantor now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:

Appears in 1 contract

Samples: Loan and Security Agreement (Spirit Realty Capital, Inc.)

Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower Borrower, Guarantor or Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except thatEXCEPT, THAT:

Appears in 1 contract

Samples: Loan and Security Agreement (JLM Industries Inc)

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Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower Borrower, Guarantor or Subsidiary now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration other than common stock or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except that:that any Subsidiary of a Borrower may declare and pay dividends to such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Central Sprinkler Corp)

Dividends and Redemptions. No Borrower shallshall not, or nor shall permit any Subsidiary toof Borrower, directly or indirectly, declare or pay any dividends on account of any shares of any class of any Equity Interests Capital Stock of Borrower or such Borrower Subsidiary, as the case may be, now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except thatexcept:

Appears in 1 contract

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.)

Dividends and Redemptions. No Each Borrower shalland Guarantor shall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of class of any Equity Interests Capital Stock of such Borrower or Guarantor now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests Capital Stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration other than common stock or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except except, that:,

Appears in 1 contract

Samples: Loan and Security Agreement (Huntco Inc)

Dividends and Redemptions. No Borrower shallshall not, or and shall not permit any Subsidiary to, directly or indirectly, declare or pay any dividends on account of any shares of any class of any Equity Interests capital stock of such Borrower now or hereafter outstanding, or set aside or otherwise deposit or invest any sums for such purpose, or redeem, retire, defease, purchase or otherwise acquire any shares of any class of Equity Interests capital stock (or set aside or otherwise deposit or invest any sums for such purpose) for any consideration other than common stock or apply or set apart any sum, or make any other distribution (by reduction of capital or otherwise) in respect of any such shares or agree to do any of the foregoing, except except, that:

Appears in 1 contract

Samples: Loan and Security Agreement (Haynes International Inc)

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