Common use of Dividends; Changes in Capital Stock Clause in Contracts

Dividends; Changes in Capital Stock. Except as necessary to ----------------------------------- effect the Stock Splits, declare, set aside or pay any dividends on or make any other distributions (whether in cash, stock or property) in respect of any of its capital stock, or split, combine or reclassify any of its capital stock or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for shares of its capital stock, or repurchase or otherwise acquire, directly or indirectly, any shares of its capital stock except from former employees, directors and consultants to the extent permitted or required in accordance with agreements providing for the repurchase of shares in connection with any termination of service to it;

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Global Crossing LTD), Agreement and Plan of Merger (Exodus Communications Inc)

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Dividends; Changes in Capital Stock. Except as necessary to ----------------------------------- effect the Stock Splits, declare, set aside Declare or pay any ----------------------------------- dividends on or make any other distributions (whether in cash, stock or property) in respect of any of its capital stock, or split, combine or reclassify any of its capital stock or issue (except a stock split, combination or reclassification for which the Exchange Ratio would be adjusted as provided in Section 1.6(d)) or authorize the issuance of any other securities in respect of, in lieu of or in substitution for shares of its capital stock, or repurchase or otherwise acquire, directly or indirectly, any shares of its capital stock except from former employees, directors and consultants to the extent permitted or required in accordance with agreements providing for the repurchase of shares in connection with any termination of service to it;

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Global Crossing LTD), Agreement and Plan of Merger (Exodus Communications Inc)

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