Dividends; Distribution. Under current laws and regulations of the Cayman Islands and any political subdivision thereof, all dividends and other distributions declared and payable on the Shares may be paid by the Company to the Depositary and then passed on by the Depositary to the holders of the ADSs in United States dollars and all such payments made to holders thereof who are non-residents of the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands or any political subdivision or taxing authority thereof or therein. Except as disclosed in the Registration Statement, the Disclosure Package and the Prospectus, none of the Company, any of its Subsidiaries or the VIE is currently prohibited, directly or indirectly, from (i) paying any dividends, or making any other distribution on its share capital, (ii) making or repaying any loans or advances to the Company or any other Subsidiaries or the VIE or (iii) transferring any of its property or assets to the Company, any other Subsidiaries or the VIE; and except as disclosed in the Registration Statement, the Disclosure Package and the Prospectus, all dividends and other distributions declared and payable on the share capital of the Subsidiaries that are organized in the PRC may be converted into foreign currency and freely transferred out of the PRC under the current laws and regulations of the PRC.
Dividends; Distribution. Borrower shall not pay or permit to be paid any dividend or make any distribution of any assets or make any advances or loans to members, owners, stockholders, officers, employees or affiliates without the consent of Bank.
Dividends; Distribution. Declare, or make payment of, any dividend or any distribution to any shareholder of any Obligor in respect of any capital stock of any Obligor; provided, however, that notwithstanding the foregoing, Obligors may make interest distributions, if any, payable in connection with the Obligor's preferred stock so long as (i) no Event of Default has occurred hereunder, and (ii) the payment thereof would not cause a violation of any of the Financial Covenants;
Dividends; Distribution. 2.8.1 Dividends shall be proposed by the Board and approved by Shareholders’ resolution. In principle, except where deemed inadvisable for commercial or economic reasons or the Shareholders otherwise agree in writing, not less than forty percent (40%) of the annual legally distributable profits of the Group after appropriation of prudent and proper reserves including allowance for sufficient future working capital and provision for tax (as agreed by the Shareholders in each year’s budgetary forecast exercise for the following financial year) in each of the Group Companies shall be paid out to the Shareholders as dividends.
Dividends; Distribution. Declare or pay any dividends on, or make ----------------------- any distributions with respect to, any shares of any equity security of any kind of this corporation, other than (A) dividends on Common Stock payable solely in Common Stock, and (B) dividends or distributions made in accordance with Article III(C)2 hereof;
Dividends; Distribution. Borrower shall not pay or permit to be paid any dividend or make any distribution of any assets or make any advances or Loan to members, owners, stockholders, officers, employees, or affiliates that, when taken, will not adversely affect the repayment ability of Borrower. No dividend payments will be made unless (1) an after-tax profit was made in the preceding fiscal year; (2) the Borrower is and will remain in compliance with covenants of the Loan Agreement; (3) all of Borrower’s debts are paid to a current status; and (4) prior written concurrence of the Bank is obtained. This is not intended to apply to dividend payments to cover personal tax liability resulting from profitability of the business.
Dividends; Distribution. The Company shall not declare or pay any dividends or other form of distribution, or pay or repay any loan (or any interests thereof) without written consent of the Buyer;
Dividends; Distribution. 16.1. Unless otherwise agreed (as a Reserved Matter), the Parties shall cause the JV Company to distribute each fiscal year a minimum of 75% of the net result of the JV Company as resulting from the financial statements certified by the statutory auditors, subject to the following conditions:
Dividends; Distribution. 13 3.19 Employees......................................................................................13 3.20 No Material Adverse Effect.....................................................................13 3.21 Stabilization..................................................................................13 3.22
Dividends; Distribution. Except as prohibited or restricted by the SEC or any inter-dealer quotation system or exchange, or any commission, board, agency or body that is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges, insurance companies or agents, investment companies or investment advisers, no subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary's capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary's property or assets to the Company or any other subsidiary of the Company.
