No Dividend or Other Distribution Clause Samples
The "No Dividend or Other Distribution" clause prohibits a company from paying dividends or making other forms of distributions to its shareholders during a specified period or under certain conditions. In practice, this means the company cannot transfer profits, cash, or assets to shareholders, whether as cash dividends, stock buybacks, or other similar transactions, until the restriction is lifted or the agreement allows it. This clause is commonly used to protect creditors or investors by ensuring that company resources are preserved for business operations or debt repayment, rather than being distributed to shareholders prematurely.
No Dividend or Other Distribution. [As at the date of this joint announcement, the Company has not declared any dividend or other distribution for both the Shares and the Convertible Bonds which remains unpaid and the Company does not intend to declare or pay any dividend or other distribution to the Shareholders and the Convertible Bond Holders before the Closing Date.] As at the date of this joint announcement:
No Dividend or Other Distribution. No dividend or other distribution has occurred since its establishment with respect to any of the Group Companies.
No Dividend or Other Distribution. No dividend or other distribution has occurred since its establishment with respect to YSLD.