Common use of Limitation on Dividends and Other Distributions Clause in Contracts

Limitation on Dividends and Other Distributions. The Company will not declare or pay any dividend or make any distribution on its Capital Stock or to the holders of its Capital Stock (other than dividends or distributions payable in its Capital Stock) or purchase, redeem or otherwise acquire or retire for value, or permit any Subsidiary to purchase, redeem or otherwise acquire or retire for value, any such Capital Stock.

Limitation on Dividends and Other Distributions. The Company will not declare or pay any dividend dividends or make any distribution on its Capital Stock or to the holders of its Capital Stock capital stock (other than dividends or distributions payable in its Capital Stock) capital stock of the Company), or purchase, redeem or otherwise acquire or retire for value, value any of its capital stock or permit any Subsidiary to purchase, redeem or otherwise acquire or retire for value, value any of the Company's capital stock if at the time of such Capital Stockaction an Event of Default has occurred and is continuing or would exist immediately after giving effect to such action.