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 dividends or make any distribution to holders of its capital stock (other than dividends or distributions payable in capital stock of the Company), or purchase, redeem or otherwise acquire or retire for value any of its capital stock or permit any Subsidiary to purchase, redeem or otherwise acquire or retire for value any of the Company's capital stock if at the time of such action an Event of Default has occurred and is continuing or would exist immediately after giving effect to such action.

Limitation on Dividends and Other Distributions. The Company will not declare or pay any dividends dividend 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 capital stock of the Company), its Capital Stock) or purchase, redeem or otherwise acquire or retire for value any of its capital stock value, 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 action an Event of Default has occurred and is continuing or would exist immediately after giving effect to such actionCapital Stock.