Common use of Dividends, Distributions and Redemptions Clause in Contracts

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Atlas Pipeline Partners Lp), Revolving Credit and Term Loan Agreement (Atlas America Inc), Revolving Credit Agreement (Atlas Pipeline Holdings, L.P.)

AutoNDA by SimpleDocs

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distributionstockholders.

Appears in 7 contracts

Samples: Second Lien Credit Agreement (Crimson Exploration Inc.), Term Loan Agreement (Mission Resources Corp), Credit Agreement (Castle Dental Centers Inc)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstandingoutstanding (excluding dividends payable solely in shares of capital stock and cashless exercise of warrants or stock options), return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distributionstockholders.

Appears in 4 contracts

Samples: Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Crimson Exploration Inc.)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders stockholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Atlas Energy Resources, LLC), Revolving Credit Agreement (Atlas Resources Public #16-2007 (B) L.P.), Revolving Credit Agreement (Atlas Energy Resources, LLC)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur partners, except as a result of such distributionpermitted under Section 9.03(j)(a) above.

Appears in 3 contracts

Samples: Credit Agreement (Brigham Exploration Co), Subordinated Credit Agreement (Brigham Exploration Co), Credit Agreement (Brigham Exploration Co)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.stockholders, except that:

Appears in 1 contract

Samples: Credit Agreement (McMoran Exploration Co /De/)

Dividends, Distributions and Redemptions. The Borrower will shall not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock interests now or hereafter outstandingoutstanding (except as set forth in the Stockholders' Agreement), or return any capital to its unitholders or make any other distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distributionshareholders.

Appears in 1 contract

Samples: Financing Agreement (Energy Partners LTD)

Dividends, Distributions and Redemptions. The Borrower will shall not declare or pay any dividend, or other distribution of, or with respect to, or purchase, redeem redeem, or otherwise acquire for value any of its stock Stock, now or hereafter outstanding, return any capital to its unitholders stockholders, or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distributionstockholders.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders, or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur stockholders as a result of such distributionsuch.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

AutoNDA by SimpleDocs

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders, or make any distribution of its assets to its unitholders if an Event stockholders, or permit it to purchase or otherwise acquire for value any of Default has occurred and is continuing or would occur as a result of such distributiontheir respective stock.

Appears in 1 contract

Samples: Credit Agreement (Trinity Learning Corp)

Dividends, Distributions and Redemptions. The Borrower will shall not declare or pay any dividenddividend or distribution, or purchase, redeem redeem, retire or otherwise acquire for value any of its capital stock now or hereafter outstanding, return any capital to its unitholders stockholders, or make any distribution of its assets to its unitholders if an Event stockholders as such, or permit any of Default has occurred and is continuing its Subsidiaries to purchase or would occur as a result otherwise acquire for value any capital stock of such distributionthe Borrower.

Appears in 1 contract

Samples: Convertible Loan Agreement (Tosi Lp)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock 50 56 now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur partners, except as a result of such distributionpermitted under Section 9.03(j)(a) above.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Shell Capital Inc)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividendcash or other dividend or distribution, purchase, redeem or otherwise acquire for value any of its shares of capital stock now or hereafter outstanding, return any capital to its unitholders shareholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.shareholders

Appears in 1 contract

Samples: Credit Agreement (Arena Resources Inc)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock partnership interests now or hereafter outstanding, return any capital to its unitholders partners or make any distribution of its assets to its unitholders if an Event of partners, except that the Borrower may make distributions to its partners provided that no Default has shall have occurred and is be continuing or would occur as a result of from such distribution.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Energy Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!