Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so; or (ii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.
Appears in 11 contracts
Samples: Loan and Security Agreement (Pharsight Corp), Loan and Security Agreement (Click2learn Com Inc), Loan and Security Agreement (Firstwave Technologies Inc)
Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment Investments in any Person, other than Permitted Investmentsinvestments permitted in writing by Secured Party, or permit any of its Subsidiaries to do so; or (iib) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stockstock (except for dividends payable solely in stock of Grantor).
Appears in 4 contracts
Samples: Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc)
Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so; or (ii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock; except with respect to the repurchase of stock pursuant to an employee stock option plan or severance agreement.
Appears in 1 contract
Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investmentsinvestments permitted in writing by Bank or consistent with Debtor's current board approved investment policy, or permit any of its Subsidiaries to do so; or (ii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stockstock (except for dividends payable solely in stock of Debtor).
Appears in 1 contract
Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so; or (ii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock; or (iii) make any loans or other extension of credit, other than trade accounts created in the ordinary course of business and in customary amounts consistent with Borrower's past practices, or permit any of its Subsidiaries to do so.
Appears in 1 contract
Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so; or (ii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.
Appears in 1 contract
Samples: Loan and Security Agreement (Synchronoss Technologies Inc)