Dividends and Stock Repurchase Sample Clauses

Dividends and Stock Repurchase. None, except as permitted by Section 8.4 of the Agreement. Yes No

Dividends and Stock Repurchase. None, except as permitted by Section 8.4 of the Credit Agreement. (if applicable, Dollar amount during Subject Period: (a) Stock repurchases — $____________ (b) All other dividends and distributions — $___________) Yes No

Dividends and Stock Repurchase. (a) Declare or pay any dividend or other distribution, direct or indirect, on account of any shares of any common stock or other equity interest of the Borrower now or hereafter outstanding, except (i) a dividend or distribution payable solely in shares of that class of common stock or other equity interest to the holders of that class or (ii) dividends payable to holders of shares of the Series A Preferred Stock of the Borrower provided that the aggregate amount paid in respect of such dividends shall not exceed $520,000 in any fiscal year of the Borrower; (b) effect any redemption, conversion, exchange, retirement, sinking fund or similar payment, purchase or any other acquisition for value, direct or indirect, of any shares of any common stock or other equity interest of the Borrower now or hereafter outstanding; (c) make or effect any payment or prepayment of principal of, premium, if any, or interest on, redemption, conversion, exchange, purchase, retirement, defeasance, sinking fund or similar payment with respect to, any Debt which is subordinate in right of repayment to any of the Obligations; (d) voluntarily prepay any Debtor otherwise pay any Debt prior to its then stated maturity or (e) make any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any common stock or other equity interest of the Borrower now or hereafter outstanding.

Dividends and Stock Repurchase. 37 SECTION 8.08. PRESERVATION OF EXISTENCE, ETC.; MERGER, CONSOLIDATION AND SALE OF ASSETS......................38 SECTION 8.09. TRANSACTIONS WITH AFFILIATES...................................................................38 SECTION 8.10. CREATION OF SUBSIDIARIES.......................................................................38 SECTION 8.11. DISPOSAL OF ASSETS OR SUBSIDIARY STOCK.........................................................40 SECTION 8.12. ISSUANCE OF CAPITAL STOCK......................................................................40 SECTION 8.13. CAPITAL EXPENDITURES...........................................................................41 SECTION 8.14. MANAGEMENT FEES AND COMPENSATION...............................................................41

Dividends and Stock Repurchase. None, except as permitted by Section 8.4 of the Credit Agreement. Yes No

Dividends and Stock Repurchase. Acquire or retire any of its shares of capital stock, or, other than dividends in its capital stock, declare or pay dividends or make any other distributions upon any of its shares of capital stock; provided, however, (1) that following any fiscal year with respect to which the Borrower maintained status as an “S” corporation under the Internal Revenue Code, if there is no existing default under this agreement or any agreement related to the Liabilities and to do so will not cause a default under any of such agreements, the Borrower may pay dividends to its shareholders sufficient in amount to pay their income tax obligation attributable to the Borrower’s taxable income and (2) if there is no existing default under this agreement or any Related Document, and to do so will not cause a default under any such agreement, Borrower may repurchase shares of its common stock in one or more transactions for an aggregate amount not to exceed $2,000,000 during the term of this agreement.