Dividends, Redemptions, Etc. Neither Lessee nor any of its Subsidiaries shall pay any dividends or make any distributions on its Equity Securities; purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securities; return any capital to any holder of its Equity Securities as such; make any distribution of assets, Equity Securities, obligations or securities to any holder of its Equity Securities as such; or set apart any sum for any such purpose; except as follows: (i) Either Lessee or any of its Subsidiaries may pay dividends on its capital stock payable solely in such Person's own capital stock; (ii) Any Subsidiary of Lessee may pay dividends to Lessee; (iii) Lessee may purchase shares of its capital stock for its employee stock option plans, provided that (A) the aggregate amount of such purchases does not exceed $50,000,000 in any fiscal year and (B) no Default has occurred and is continuing at the time of such purchase or will occur after giving effect to such purchase; and (iv) Lessee may purchase shares of its capital stock with the proceeds received by it from a substantially concurrent issue of new shares of its capital stock
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Samples: Participation Agreement (Novellus Systems Inc), Participation Agreement (Novellus Systems Inc), Participation Agreement (Novellus Systems Inc)
Dividends, Redemptions, Etc. Neither Lessee nor any of its Subsidiaries shall pay shallEpay any dividends or make any distributions on its Equity Securities; purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securities; return any capital to any holder of its Equity Securities as such; make any distribution of assets, Equity Securities, obligations or securities to any holder of its Equity Securities as such; or set apart any sum for any such purpose; except as follows:
(i) Either Lessee or any of its Subsidiaries may pay dividends on its capital stock payable solely in such Person's own capital stock;
(ii) Any Subsidiary of Lessee may pay dividends to Lessee;
(iii) Lessee may purchase shares of its capital stock for its employee stock option plans, provided that (A) the aggregate amount of such purchases does not exceed $50,000,000 in any fiscal year and (B) no Default has occurred and is continuing at the time of such purchase or will occur after giving effect to such purchase; and
(iv) Lessee may purchase shares of its capital stock with the proceeds received by it from a substantially concurrent issue of new shares of its capital stock
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Dividends, Redemptions, Etc. Neither Lessee Borrower nor any of its Subsidiaries shall pay any dividends or make any distributions on its Equity Securities; purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securities; return any capital to any holder of its Equity Securities as such; make any distribution of assets, Equity Securities, obligations or securities to any holder of its Equity Securities as such; or set apart any sum for any such purpose; except as follows:
(i) Either Lessee Borrower or any of its Subsidiaries may pay dividends on its capital stock payable solely in such Person's own capital stock;
(ii) Any Subsidiary of Lessee Borrower may pay dividends to LesseeBorrower;
(iii) Lessee Borrower may purchase shares of its capital stock for its employee stock option plans, provided that (A) the aggregate amount of such purchases does not exceed $50,000,000 in any fiscal year and (B) no Default has occurred and is continuing at the time of such purchase or will occur after giving effect to such purchase; and
(iv) Lessee Borrower may purchase shares of its capital stock with the proceeds received by it from a substantially concurrent issue of new shares of its capital stock.
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Dividends, Redemptions, Etc. Neither the Lessee nor --------------------------- any of its Subsidiaries shall pay any dividends or make any distributions on its Equity Securities; purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securities; return any capital to any holder of its Equity Securities as such; make any distribution distributions of assets, Equity Securities, obligations or securities to any holder of its Equity Securities as such; or set apart any sum for any such purpose; except as follows:
(iA) Either either the Lessee or any of its Subsidiaries may pay dividends on its capital stock payable solely in such Person's own capital stock;
(iiB) Any any Subsidiary of the Lessee may pay dividends to the Lessee;
(iiiC) the Lessee may purchase shares of its capital stock for its employee stock option plans, provided that (A) the aggregate amount of such purchases does not exceed $50,000,000 15,000,000 in any fiscal year Fiscal Year, and (B) no Default has occurred and is continuing at the time of such purchase or will occur after giving effect to such purchase; and
(ivD) the Lessee may purchase shares of its capital stock with the proceeds received by it from a substantially concurrent issue of new shares of its capital stock.
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Samples: Participation Agreement (Asyst Technologies Inc /Ca/)