No Dividends, Issuances, Repurchases, etc. The Company will not declare, set aside, or pay any dividends (whether in cash, shares of stock, other property, or otherwise) on, or make any other distribution in respect of, any shares of its capital stock or other securities, or issue, purchase, redeem, or otherwise acquire for value any shares of its capital stock or other securities. The Company will not issue any shares of its capital stock or other securities (including without limitation any options, warrants, or other rights to acquire Company Stock), other than shares of Company Stock issued upon the due exercise of vested Company Stock Options or Company Warrants listed in Section 7.4 of the Disclosure Schedule (which exercises will be disclosed by the Company in a supplement to the Disclosure Schedule pursuant to Section 10.13 hereof).
No Dividends, Issuances, Repurchases, etc. The Sellers shall not permit any of the Companies to declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of, any shares of its capital stock, or issue, purchase, redeem or acquire for value any shares of its capital stock.
No Dividends, Issuances, Repurchases, etc. The Corporation shall not declare or pay any dividends (whether in cash, shares of stock, property or otherwise) on, or make any other distribution (whether in cash, shares of stock, property or otherwise) in respect of, any shares of its capital stock, or authorize, sell, issue, purchase, redeem or acquire for value any shares of its capital stock or any options, warrants or rights to acquire any shares of its capital stock.
No Dividends, Issuances, Repurchases, etc. The Company shall not, and the Shareholders shall not permit the Company to, declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of, any shares of its capital stock, or issue, purchase, redeem or acquire for value any shares of its capital stock, except for vested incentive stock options. Notwithstanding the foregoing, the Company shall be permitted to pay prior to the Closing a dividend distribution not to exceed 50% of its cash basis profit for the period of April 1, 1999, to the Closing Date.
No Dividends, Issuances, Repurchases, etc. The Seller shall not -- --------- --------- ------------ --- permit Xxxx-Star or its Subsidiaries to declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of, any shares of its capital stock, or issue, purchase, redeem or acquire for value any shares of its capital stock. The Seller shall not permit Xxxx-Star or any of its Subsidiaries to pay any interest or principal on any Indebtedness owed, or any other amounts other than salaries consistent with Sections 3.16 and 5.3, to the Seller or Services or the Seller's stockholders or any officer or director of Xxxx-Star, the Seller or Services, or any of their family members.
No Dividends, Issuances, Repurchases, etc. The Company will not declare, set aside, or pay any dividends (whether in cash, shares of stock, other property, or otherwise) on, or make any other distribution in respect of, any shares of its capital stock or other securities, or issue, purchase, redeem, or otherwise acquire for value any shares of its capital stock or other securities. The Company will not issue any shares of its capital stock or other securities (including without limitation any options, warrants, or other rights to acquire Company Stock), other than shares of Company Stock issued upon the due exercise of vested Company Options or Company Warrants listed in Schedule 4.4 of the Company Disclosure Schedule (which exercises will be disclosed by the Company in a supplement to the Company Disclosure Schedule pursuant to Section 7.27 hereof).
No Dividends, Issuances, Repurchases, etc. Neither Vanishing Point nor LightTouch shall declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of, any shares of its capital stock, or issue, purchase, redeem or acquire for value any shares of its capital stock, except that Vanishing Point or LightTouch may issue shares of their Common Stock pursuant to the exercise of outstanding options or warrants or pursuant to the exercise of outstanding convertible notes or preferred stock, PROVIDED HOWEVER, that if pursuant to the terms of any such option Vanishing Point or LightTouch is permitted to elect to receive either cash or a promissory note for the exercise price of such option or warrant, Vanishing Point or LightTouch, as applicable, shall, unless the other of them consents otherwise in writing, elect in each such instance to receive cash.
No Dividends, Issuances, Repurchases, etc. Urigen shall not declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of any shares of its capital stock, or issue, purchase, redeem or acquire for value any shares of its capital stock, or issue any options, warrants or other rights to acquire shares of its capital stock or securities exchangeable for or convertible into shares of its capital stock, except for the issuance of shares of capital stock of Urigen upon the exercise of options or warrants outstanding on the date hereof or upon the conversion of convertible promissory notes outstanding on the date hereof as provided in Section 2.10 and Section 7.8 of this Agreement.
No Dividends, Issuances, Repurchases, etc. Parent shall not declare or pay any dividends (whether in cash, shares of stock or otherwise) on, or make any other distribution in respect of any shares of its capital stock, or, except as expressly contemplated by this Agreement or as set forth on Schedule 6.3, issue, purchase, redeem or acquire for value any shares of its capital stock, or issue any options, warrants or other rights to acquire shares of its capital stock or securities exchangeable for or convertible into shares of its capital stock, except for the issuance of shares of capital stock of Parent upon the exercise of options or warrants outstanding on the date hereof or upon the conversion of any convertible promissory notes outstanding on the date hereof. Parent shall not sell or pledge, or agree to sell or pledge, any shares of the capital stock of the Merger Sub.
No Dividends, Issuances, Repurchases, etc. Except as may be contemplated by Section 11.7, the Seller shall not permit Heath Canada to declare or pay any dividends on, or make any other distribution in respect of, any shares of its capital stock, or to issue, purchase, redeem or acquire for value any shares of its capital stock.
