Common use of Limitation on Dividends and Distributions Clause in Contracts

Limitation on Dividends and Distributions. The Borrower shall not (i) declare or pay any dividends on any class of its capital stock; (ii) directly or indirectly or through any subsidiary or affiliate purchase, redeem or retire any of its capital stock or warrants or options for capital stock; or (iii) make any other distribution of any kind or character in respect of its capital stock.

Limitation on Dividends and Distributions. The Neither the Borrower nor any subsidiary of the Borrower other than a wholly-owned subsidiary, shall not (i) declare or pay any dividends on any class of its capital stock, except dividends on its Common Stock payable solely in Common Stock of the Borrower; (ii) directly or indirectly or through any subsidiary or affiliate purchase, redeem or retire any of its capital stock or warrants or options for capital stock; or (iii) make any other distribution of any kind or character in respect of its capital stock.

Limitation on Dividends and Distributions. The Borrower shall will not (ia) declare or pay any dividends on any class of its capital stock; stock or make any other distributions to its stockholders, or (iib) directly or indirectly or through any subsidiary or affiliate purchase, redeem or retire any of its capital stock or warrants or options for capital stock; or (iii) make any other distribution of any kind or character in respect of its capital stockmembership interest.

Limitation on Dividends and Distributions. The Neither the Borrower nor any subsidiary of the Borrower other than a wholly-owned subsidiary, shall not (i) declare or pay any dividends on any class of its capital stock; (ii) directly or indirectly or through any subsidiary or affiliate purchase, redeem or retire any of its capital stock or warrants or options for capital stock; or (iii) make any other distribution of any kind or character in respect of its capital stock.