Dividends and share redemption. (a) The Borrower shall ensure that each other Group Member declares the legally permissible amount of dividends and/or distributions in each financial year to enable the Borrower to repay or prepay the Facility in accordance with Clause 8 (Mandatory Prepayment).
Appears in 3 contracts
Samples: Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (Harbin Electric, Inc), Facility Agreement (China Security & Surveillance Technology, Inc.)
Dividends and share redemption. (a) The Borrower shall ensure that each other Group Member declares the legally permissible amount of dividends and/or distributions in each financial year to enable the Borrower to repay or prepay the Facility in accordance with Clause 8 (Mandatory Prepayment)) and maintains aggregate distributable reserves for this purpose.
Appears in 1 contract
Samples: Facility Agreement (China TransInfo Technology Corp.)
Dividends and share redemption. (a) The Borrower shall ensure that each other Group Member declares the legally permissible amount of dividends and/or distributions in each financial year to enable the Borrower to repay or prepay the Facility in accordance with Clause 8 6 (Mandatory PrepaymentRepayment).
Appears in 1 contract
Dividends and share redemption. (a) The Borrower shall ensure that each other Group Member declares the legally permissible amount of dividends and/or distributions in each financial year to enable the Borrower to repay or prepay the Facility in accordance with Clause 8 (Mandatory Prepaymentprepayment and compensation payment).
Appears in 1 contract
Samples: Facility Agreement (Guoren Industrial Developments LTD)
