Common use of Dividends, Distributions, Repurchases Clause in Contracts

Dividends, Distributions, Repurchases. (1) Make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of its stock, other than (A) dividends from its wholly owned Subsidiaries to it or another of its wholly owned Subsidiaries consistent with past practice or (B) regular quarterly dividends on Company Common Stock in an amount not exceeding $.085 per share and consistent with past practices with respect to the timing of the payment of such dividends, or (2) directly or indirectly adjust, split, combine, redeem or reclassify, or purchase or otherwise acquire any shares of its stock.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Stewart & Stevenson Services Inc), Agreement and Plan of Merger (Armor Holdings Inc)

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Dividends, Distributions, Repurchases. (1) Make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of its stock, stock (other than (A) dividends from its wholly owned Subsidiaries to it or another of its wholly owned Subsidiaries consistent with past practice or (B) regular quarterly dividends on Company Common Stock in an amount not exceeding $.085 per share its common stock with record and payment dates consistent with past practices with respect practice, provided that any such dividend shall be at a rate equal to the timing of rate paid by it during the payment of such dividends, fiscal quarter immediately preceding the date hereof) or (2) directly or indirectly adjust, split, combine, redeem or redeem, reclassify, or purchase or otherwise acquire acquire, any shares of its stock or (3) issue any securities in lieu of or substitution for its stock.

Appears in 1 contract

Samples: ____________________________________________________________________________________ Agreement and Plan of Merger (Edwards a G Inc)

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Dividends, Distributions, Repurchases. (1) Make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of its stock, stock (other than (A) dividends from its wholly owned Subsidiaries to it or another of its wholly owned Subsidiaries consistent with past practice or (B) regular quarterly dividends on Company Common Stock in an amount not exceeding $.085 per share and consistent with past practices with respect its common stock, provided that any such dividend shall be at a rate equal to the timing of rate paid by it during the payment of such dividendsfiscal quarter immediately preceding the date hereof, or required dividends on preferred stock or (2) directly or indirectly adjust, split, combine, redeem or redeem, reclassify, or purchase or otherwise acquire acquire, any shares of its stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wachovia Corp New)

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