Common use of ISSUANCE OF SHARES; DIVIDENDS Clause in Contracts

ISSUANCE OF SHARES; DIVIDENDS. The Company will not issue shares of capital stock, or grant any options, warrants or other rights to purchase or acquire the capital stock of the Company. The Company will neither declare nor pay or set aside for payment any dividend or other distribution on its outstanding shares of capital stock, nor redeem, purchase or otherwise acquire any of its capital stock.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Sierra Well Service Inc), Stock Purchase Agreement (Sierra Well Service Inc), Stock Purchase Agreement (Sierra Well Service Inc)

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ISSUANCE OF SHARES; DIVIDENDS. The Company will not issue shares of capital stock, or grant any options, warrants or other rights to purchase or acquire the capital stock of the Company. The Company will neither declare nor pay or set aside for payment any dividend or other distribution on its outstanding shares of capital stock, nor redeem, purchase or otherwise acquire any of its capital stock.. -------------------------------------------------------------------------------- STOCK PURCHASE AGREEMENT PAGE 12

Appears in 1 contract

Samples: Stock Purchase Agreement (Sierra Well Service Inc)

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