Common use of Dividends, Redemptions, Etc Clause in Contracts

Dividends, Redemptions, Etc. Borrower shall not (i) pay any dividends or make any distributions on its Equity Securities; (ii) purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securities; (iii) return any capital to any holder of its Equity Securities as such; (iv) make any distribution of assets, Equity Securities, obligations or securities to any holder of its Equity Securities as such; or (v) set apart any sum for any such purpose; except that Borrower may pay Permitted Dividends.

Appears in 3 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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Dividends, Redemptions, Etc. The Borrower shall not (i) pay any dividends or make any distributions on its Equity Securitiescapital stock; (ii) purchase, redeem, retire, defease or otherwise acquire for value any of its Equity Securitiescapital stock; (iii) return any capital to any holder of its Equity Securities capital stock as such; (iv) make any distribution of assets, Equity Securitiescapital stock, obligations or securities to any holder of its Equity Securities capital stock as such; or (v) set apart any sum for any such purpose; except that the Borrower may pay Permitted Dividends.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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