Common use of No Distribution on Shares if Event of Default Clause in Contracts

No Distribution on Shares if Event of Default. The Corporation shall not declare or pay any distribution to the holders of its issued and outstanding shares after the occurrence of an Event of Default unless and until such default shall have been cured or waived or shall have ceased to exist.

Appears in 8 contracts

Samples: Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.)

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No Distribution on Shares if Event of Default. The Corporation shall not declare or pay any distribution to the holders of its issued and outstanding shares after the occurrence of an Event of Default unless and until such default shall have been cured or waived or shall have ceased to exist.. 5.8

Appears in 1 contract

Samples: webfiles.thecse.com

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No Distribution on Shares if Event of Default. The Corporation shall not declare or pay any distribution to the holders of its issued and outstanding shares after the occurrence of an Event of Default unless and until such default shall have been cured or waived or shall have ceased to exist.

Appears in 1 contract

Samples: Alliance Trust Company

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