Dividends and Repurchases. The Company shall provide the Holder with at least ten (10) days notice prior to the record date of any cash dividend with respect to or offer to repurchase the Applicable Stock.
Dividends and Repurchases. Since December 31, 2010 and through the date hereof, Purchaser has not made, other than with respect to dividends on Purchaser Common Stock in the ordinary course consistent with past practice, any declaration, setting aside or payment of any dividend or other distribution with respect to any shares of Purchaser Common Stock or any repurchase or other acquisition by Purchaser of any outstanding shares of Purchaser Common Stock.
Dividends and Repurchases. 15 Section 5.3 Issuance of Securities...................................17 Section 5.4
Dividends and Repurchases. Since December 31, 2014 and through the date hereof, Parent has not made any declaration, setting aside or payment of any dividend or other distribution with respect to any shares of the Parent’s common stock or any repurchase or other acquisition by Parent of any outstanding shares of Parent’s common stock or any agreement or other commitment related to any of the foregoing.
Dividends and Repurchases. Neither Company nor any of its Subsidiaries shall directly or indirectly (i) split, combine or reclassify any shares of its capital stock or declare, set aside or pay any dividend or distribution, payable in cash, stock, property or otherwise with respect to any of its capital stock other than, dividends and distributions by a Subsidiary of Company to Company or to a Subsidiary all of the capital stock of which (other than directors' qualifying shares) is owned directly or indirectly by Company or
Dividends and Repurchases. Declare or pay any cash dividends, make any other distribution on account of any class of its stock (other than a stock split or a stock dividend) or redeem, purchase, retire or otherwise acquire, directly or indirectly, any shares of its stock; provided, that the Borrower may purchase or redeem (i) fractional shares in connection with stock splits or stock dividends and (ii) shares issued to employees to exercise outstanding options and/or to provide funds to the employees to pay federal income taxes as a consequence of the options being exercised. The covenants set forth in this Section 8.03 shall apply to the Borrower and its Subsidiaries measured on a consolidated basis, provided that notwithstanding Section 8.03(m), a Subsidiary may pay dividends to the Borrower or redeem shares of its capital stock owned by the Borrower.
Dividends and Repurchases. The declaration of any dividends on any shares of any class of Capital Stock, or the making any payment on account of, or the setting apart of assets for a sinking or other analogous fund for, the purchase, redemption, retirement or other acquisition of any shares of any class of Capital Stock, or any warrants or options to purchase such Capital Stock, whether now or hereafter outstanding, or making any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Company or any of its Subsidiaries, except that:
(A) Subsidiaries of the Company may pay dividends to the Company or to Subsidiaries of the Company which are directly or indirectly wholly owned by the Company;
(B) the Company may pay or make dividends or distributions to any holder of its Junior Stock in the form of additional Junior Stock of the same class and type, and Subsidiaries of the Company may pay or make dividends or distributions to any holder of their Capital Stock in the form of additional Capital Stock of the same class and type (provided that if any such Subsidiary has shareholders other than the Company or another Subsidiary of the Company, such dividends or distributions shall be paid to such Person on a pro rata basis or on a basis that is more favorable to the Company and its Subsidiaries than pro rata); and
(C) the Company may make restricted payments expressly permitted by Section [•].7
Dividends and Repurchases. Neither the Company nor any of its subsidiaries shall directly or indirectly (i) split, combine or reclassify any shares of its capital stock or declare, set aside or pay any dividend or distribution, payable in cash, stock, property or otherwise with respect to any of its capital stock other than, dividends and distributions by a subsidiary of the Company to the Company or to any other subsidiary all of the capital stock of which (other than directors' qualifying shares) is owned directly or indirectly by the Company, or (ii) redeem, purchase or otherwise acquire or offer or agree to redeem, purchase or otherwise acquire any capital stock of the Company or any of its subsidiaries.
Dividends and Repurchases. Declare, pay or make any dividend or distribution on any Equity Interests of any Loan Party (other than dividends or distributions payable in its stock, or split-ups or reclassifications of its stock) or apply any of its funds, property or assets to the purchase, redemption or other retirement of any Equity Interest, or of any options to purchase or acquire any Equity Interest of any Loan Party, except that the following shall be permitted:
(a) the payment or making of any dividend or distribution to its respective equity holder so long as such equity holder is a Loan Party;
(b) the payment of any dividend or distribution or the consummation of any redemption within 60 days after the date of declaration thereof, if at the date of declaration or the giving of notice of such redemption, as applicable, such payment would have complied with the provisions of this Agreement, provided, that, if such dividend, distribution or redemption is being made pursuant to Section 7.7(k), a Reserve may be established by the Agent in its Permitted Discretion in an amount equal to the payment so declared;
(i) the redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of any Loan Party solely in exchange for, or solely out of the proceeds of, the substantially concurrent sale of, Equity Interests of Worthington Steel or contributions to the equity capital of Worthington Steel (other than any Equity Interests sold to a Subsidiary of Worthington Steel) (collectively, including any such contributions, “Refunding Capital Stock”); and
(ii) the declaration and payment of dividends on the Retired Capital Stock solely out of the proceeds of the substantially concurrent sale (other than to a Subsidiary of Worthington Steel) of Refunding Capital Stock;
(d) so long as no Cash Dominion Trigger Event has occurred and is continuing and so long as no Event of Default is continuing immediately before or after the making of such payment, a payment for the repurchase, retirement or other acquisition for value of Equity Interests of Worthington Steel or any direct or indirect parent of Worthington Steel held by any future, present or former employee, director, officer or consultant of any Loan Party or any Subsidiary or any direct or indirect parent of Worthington Steel pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement; provided, however, that the aggreg...
Dividends and Repurchases. Neither NW Natural nor Purchaser ------------------------------------- shall: (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock other than (A) dividends by a direct or indirect wholly-owned subsidiary of NW Natural or Purchaser to NW Natural or Purchaser or to another direct or indirect wholly-owned subsidiary of NW Natural or Purchaser, (B) dividends by a less than a wholly-owned subsidiary of NW Natural or Purchaser consistent with past practice, (C) dividends on NW Natural Preferred Stock and NW Natural Preference Stock, (D) dividends on the NW Natural Common Stock payable at approximately the same times as paid during the year ended December 31, 2000 and in amounts per share not to exceed those paid on the NW Natural Common Stock during the most recently completed fiscal quarter for which a dividend has been declared except for increases to the dividend as may be approved by the Board of Directors of NW Natural in the ordinary course and consistent with past practice of dividend increases provided that such increases are not inconsistent with the Debt Financing and cannot reasonably be expected to delay the obtaining of, or increase the risk of not obtaining, the NW Natural Required Regulatory Approvals, (ii) except as expressly contemplated by this Agreement pursuant to the NW Natural Merger, split, combine or reclassify NW Natural's capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of, or in substitution for, shares of NW Natural's capital stock; or (iii) redeem, repurchase or otherwise acquire any shares of NW Natural's capital stock or the capital stock of any subsidiary of NW Natural other than intercompany acquisitions of capital stock and redemptions of NW Natural Preferred Stock and NW Natural Preference Stock as required by their respective terms.
