Common use of Dividends, Etc Clause in Contracts

Dividends, Etc. Except for dividends payable to the Parent, the Company shall not declare or pay any dividend of any kind, in cash or in property, on any class of its capital stock, nor purchase, redeem, retire or otherwise acquire for value any shares of such stock, nor make any distribution of any kind in respect thereof, nor make any return of capital to shareholders, nor make any payments in respect of any pension, profit sharing, retirement, stock option, stock bonus, incentive compensation or similar plan (except as required or permitted hereunder), without the prior written consent of the Secured Party, which consent shall not be unreasonably withheld.

Appears in 64 contracts

Sources: Subsidiary Security Agreement, Subsidiary Security Agreement (Y3k Secure Enterprise Software Inc), Security Agreement (Triangle Petroleum CORP)

Dividends, Etc. Except for dividends payable to the Parent, the Company Subsidiary shall not declare or pay any dividend of any kind, in cash or in property, on any class of its capital stock, nor purchase, redeem, retire or otherwise acquire for value any shares of such stock, nor make any distribution of any kind in respect thereof, nor make any return of capital to shareholders, nor make any payments in respect of any pension, profit sharing, retirement, stock option, stock bonus, incentive compensation or similar plan (except as required or permitted hereunder), without the prior written consent of the Secured Party, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Subsidiary Security Agreement (Ns8 Corp), Subsidiary Security Agreement (Ns8 Corp)

Dividends, Etc. Except for dividends payable to the Parent, the The Company shall not declare or pay any dividend of any kind, in cash or in property, on any class of its capital stock, nor purchase, redeem, retire or otherwise acquire for value any shares of such stock, nor make any distribution of any kind in respect thereof, nor make any return of capital to shareholders, nor make any payments in respect of any pension, profit sharing, retirement, stock option, stock bonus, incentive compensation or similar plan (except for Excluded Securities (as defined in the Convertible Debentures or as required or permitted hereunder), without the prior written consent of the Secured Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Security Agreement (Innova Holdings)

Dividends, Etc. Except for dividends payable to the Parent, the Company Companies shall not declare or pay any dividend of any kind, in cash or in property, on any class of its capital stock, nor purchase, redeem, retire or otherwise acquire for value any shares of such stock, nor make any distribution of any kind in respect thereof, nor make any return of capital to shareholders, nor make any payments in respect of any pension, profit sharing, retirement, stock option, stock bonus, incentive compensation or similar plan (except as required or permitted hereunder), without the prior written consent of the Secured Party, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Security Agreement (Cargo Connection Logistics Holding, Inc.)