DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends ------------------------- payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock.
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock.
DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock of Borrower, or that amount necessary for company related income tax payments) or make any other distribution of any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any such stock. Nothing in this agreement shall be deemed to prohibit Borrower from establishing any employee stock benefit plans.
DIVIDENDS, STOCK PAYMENTS. If a corporation declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or a purchase, redeem or retire any of such stock; except, however, Borrower may pay a cash dividend to its shareholders in an amount not to exceed 0% of net after taxes earnings for such dividend period.
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, or redeem or retire any of such stock.
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock; except, however, 100% of net after tax earnings for such dividend period excluding the retirement or redemption of the approximately 700,000 shares of Common Stock of Borrower being repurchased and Borrower may pay cash dividends to its shareholders so long as no default shall have occurred hereunder and remained uncured.
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase (other than the routine repurchase of common stock shares issued to employees under the 1997 Stock Option/Stock Issuance Plan and any successor plans), redeem or retire any of such stock.
DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock of Borrower)or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock.
4. Should there be a default under the Security and Loan Agreement, the General Security Agreement or under the Note, all obligations, loans and liabilities of Borrower to Bank, due or to become due, whether now existing or hereafter arising, shall at the option of the Bank, become immediately due and payable without notice or demand, and Bank shall thereupon have the right to exercise all of its default rights and remedies.
5. In addition to the provisions in the Security and Loan Agreement, Eligible Accounts shall only include such accounts as Bank in its sole discretion shall determine are eligible from time to time. "Eligible Accounts" shall also NOT include any of the following:
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its Capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock unless distribution shall not affect Borrower's compliance with the financial covenants set forth in Section 8 of the Commitment Letter.
D. The occurrence of any one of the following events of default shall, at your option, terminate your commitment to lend and make all sums of principal and interest then remaining unpaid on all Borrower's indebtedness to you immediately due and payable, all without demand, presentment or notice, all of which are hereby expressly waived; 1.
DIVIDENDS, STOCK PAYMENTS. If a corporation, declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock.
D. The occurrence of any one of the following events of default shall, at your option, terminate your commitment to lend and make all sums of principal and interest then remaining unpaid on all Borrower's indebtedness to you immediately due and payable, all without demand, presentment or notice, all of which are hereby expressly waived. It shall not be an event of default hereunder for obligor's failure to perform any monetary or non-monetary covenant until thereafter that Bank has provided obligor with written notice and thirty (30) days thereafter in which to in good faith cure such default.
