Common use of DIVIDENDS, STOCK PAYMENTS Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Terms and Conditions (Anchor Pacific Underwriters Inc)

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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 issued, or purchase, redeem or retire any of such stock, other than redemptions of stock of departed employees.

Appears in 1 contract

Samples: Loan Agreement (Virage Inc)

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 issued, or purchase, redeem or retire any of such stock.. EXHIBIT A PAGE 3

Appears in 1 contract

Samples: Security and Loan Agreement (Eco Soil Systems Inc)

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 (except for dividends required to be paid on Series B Redeemable Preferred Stock) or hereafter issued or purchase, redeem or retire any of such stockstock (except for Series B Redeemable Preferred Stock).

Appears in 1 contract

Samples: Security and Loan Agreement (Datametrics Corp)

DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends ------------------------- payable in common stock stocks of BorrowerBorrowers) or make any other distribution on any of its their capital stock now outstanding or hereafter issued issued, or purchase, redeem or retire any of such stock.

Appears in 1 contract

Samples: Loan Agreement (Keith Companies Inc)

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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 issued, or purchase, redeem or retire any of such stock.

Appears in 1 contract

Samples: Loan Agreement (Ipl Systems Inc)

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 issued, or purchase, redeem or retire any of such stock, except for the stock repurchase as of this date in conjunction with the recapitalization and cash dividends and distributions as permitted within the parameters of the fixed charge coverage ratio.

Appears in 1 contract

Samples: Security and Loan Agreement (Myers Steven & Associates Inc)

DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends ------------------------- payable in common stock of BorrowerBorrower and Preferred Stock dividends to ING Equity Partners) or make any other distribution on of any of its capital stock now outstanding or hereafter issued or purchase, redeem or retire any of such stock.

Appears in 1 contract

Samples: Security and Loan Agreement (Alpha Microsystems)

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