Limitations on Dividends and Distributions. So long as this Debenture is outstanding, the Company shall not declare, pay, make or set apart any sum for a dividend or other distribution (whether in cash or other property) with respect to any class of capital stock of the Company (other than dividends or distributions payable in its capital stock), or for the redemption, retirement, purchase or other acquisition for value of any share of any class of capital stock of the Company or any warrants or rights to purchase any class of capital stock of the Company.
Appears in 5 contracts
Samples: Convertible Debenture (Natural Wonders Inc), Convertible Debenture (Natural Wonders Inc), Convertible Debenture (Natural Wonders Inc)
Limitations on Dividends and Distributions. So long as this Debenture ------------------------------------------ is outstanding, the Company shall not declare, pay, make or set apart any sum for a dividend or other distribution (whether in cash or other property) with respect to any class of capital stock of the Company (other than dividends or distributions payable in its capital stock), or for the redemption, retirement, purchase or other acquisition for value of any share of any class of capital stock of the Company or any warrants or rights to purchase any class of capital stock of the Company.
Appears in 4 contracts
Samples: Convertible Debenture (Anchor Pacific Underwriters Inc), Convertible Debenture (Anchor Pacific Underwriters Inc), Convertible Debenture (Anchor Pacific Underwriters Inc)
Limitations on Dividends and Distributions. So long as this Debenture Note is outstanding, the Company shall not declare, pay, make or set apart any sum for a dividend or other distribution (whether in cash or other property) with respect to any class of capital common stock of the Company (other than dividends or distributions payable in its capital common stock), or for the redemption, retirement, purchase or other acquisition for value of any share of any class of capital common stock of the Company or any warrants or rights to purchase any class of capital common stock of the Company.
Appears in 1 contract
Samples: Subordinated Bridge Note (Anchor Pacific Underwriters Inc)
Limitations on Dividends and Distributions. So long as this Debenture is outstanding, the Company shall not declare, the pay, make or set apart any sum for a dividend or other distribution (whether in cash or other property) with respect to any class of capital stock of the Company (other than dividends or distributions payable in its capital stock), or for the redemption, retirement, purchase or other acquisition for value of any share of any class of capital stock of the Company or any warrants or rights to purchase any class of capital stock of the Company.
Appears in 1 contract
Samples: Convertible Debenture (Anchor Pacific Underwriters Inc)
