Common use of Investments; Distributions Clause in Contracts

Investments; Distributions. Directly or indirectly acquire or own any Person, or make any Investments in any Person, other than investments permitted in writing by Secured Party, or permit any of its Subsidiaries to do so; or (b) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock (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)

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Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investments Investment in any Person, other than investments permitted in writing by Secured PartyBank or consistent with Debtor's current board approved investment policy, or permit any of its Subsidiaries to do so; or (bii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock (except for dividends payable solely in stock of GrantorDebtor).

Appears in 1 contract

Samples: Security Agreement (Aspen Technology Inc /De/)

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