Common use of Dividends; Changes in Stock Clause in Contracts

Dividends; Changes in Stock. The Company shall not, nor shall it permit any of its Subsidiaries to, nor shall the Company propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, other than cash dividends payable by a Subsidiary of the Company to the Company or one of its Subsidiaries, (ii) split, combine or reclassify any of its 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 its capital stock, or (iii) repurchase, redeem or otherwise acquire, or permit any Subsidiary to purchase or otherwise acquire any shares of its capital stock or any securities convertible into or exercisable for any shares of its capital stock.

Appears in 9 contracts

Samples: Merger Agreement (Loeb Partners Corp), Merger Agreement (Oriole Homes Corp), Merger Agreement (Oriole Homes Corp)

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Dividends; Changes in Stock. The Company shall not, nor and shall it not permit any of its Subsidiaries to, nor shall the Company propose subsidiaries to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, other than cash except for dividends payable by a Subsidiary direct or indirect wholly owned subsidiary of the Company to the Company or one of its SubsidiariesPurchaser, (ii) split, combine or reclassify any of its 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 its capital stock, or (iii) repurchase, redeem or otherwise acquire, or permit any Subsidiary to purchase or otherwise acquire any shares of its capital stock of the Company or its subsidiaries or any other securities convertible into or exercisable for any shares of its capital stockthereof.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Winsloew Furniture Inc), Agreement and Plan of Merger (Winsloew Furniture Inc), Merger Agreement (Winsloew Furniture Inc)

Dividends; Changes in Stock. The Company shall not, nor shall it permit any of its Subsidiaries to, nor shall the Company it propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, other than cash except for dividends payable by a any Subsidiary of the Company to the Company or one of its Subsidiariesto another Subsidiary, (ii) split, combine or reclassify any of its 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 its capital stock, stock or (iii) repurchase, redeem or otherwise acquire, or permit any Subsidiary to purchase repurchase, redeem or otherwise acquire acquire, any shares of its capital stock of the Company or any securities convertible into or exercisable for any shares of its capital stockSubsidiaries.

Appears in 2 contracts

Samples: Merger Agreement (Zurich Reinsurance Centre Holdings Inc), Merger Agreement (Zurich Insurance Co)

Dividends; Changes in Stock. The Company shall not, nor and shall it not permit any of its Subsidiaries to, nor and shall the Company not propose or commit to, (iA) declare or pay any dividends on on, or make other distributions in respect of any of of, its capital stock, other than cash stock (except for dividends payable by a wholly owned Subsidiary of the Company to the Company or one of its Subsidiariesparent), (iiB) split, combine or reclassify any of its 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 its capital stock, stock or (iiiC) repurchase, redeem or otherwise acquire, or permit any Subsidiary to purchase modify or otherwise acquire amend, any shares of its capital stock of the Company or any securities convertible into or exercisable for any shares of its capital stockSubsidiaries or any other securities thereof or any rights, warrants or options to acquire any such shares or other securities.

Appears in 2 contracts

Samples: Merger Agreement (Solexa, Inc.), Merger Agreement (Illumina Inc)

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Dividends; Changes in Stock. The Company shall not, nor and shall it not permit any of its Subsidiaries to, nor shall the Company or propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, other than cash except dividends payable by a wholly-owned Subsidiary of the Company to the Company or one another wholly-owned Subsidiary of its SubsidiariesCompany, (ii) split, combine or reclassify any of its capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for for, shares of its capital stock, stock or (iii) repurchase, redeem or otherwise acquire, or permit any Subsidiary to purchase or otherwise acquire any shares of its capital stock of Company or any of its Subsidiaries or any securities convertible into or exercisable for any shares of capital stock of Company or any of its capital stockSubsidiaries.

Appears in 2 contracts

Samples: Merger Agreement (Hoenig Group Inc), Merger Agreement (Investment Technology Group Inc)

Dividends; Changes in Stock. The Company shall not, nor shall it permit any of its Subsidiaries subsidiaries to, nor shall the Company propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, other than cash dividends payable by a Subsidiary subsidiary of the Company to the Company or one of its Subsidiariessubsidiaries, (ii) split, combine or reclassify any of its 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 its capital stock, or (iii) repurchase, redeem or otherwise acquire, or permit any Subsidiary subsidiary to purchase or otherwise acquire any shares of its capital stock or any securities convertible into or exercisable for any shares of its capital stock.

Appears in 2 contracts

Samples: Merger Agreement (Taco Cabana Inc), Merger Agreement (Carrols Corp)

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