No Dividends; No Redemption. Declare any dividend, pay or set aside for payment any dividend or other distribution, in cash, stock, or other property, or make any payment to any related parties, including to any preferred stockholders, as a dividend, redemption, or otherwise, other than the payment of salaries in the ordinary course of business.
Appears in 11 contracts
Samples: Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc), Promissory Note (Armada Water Assets Inc)
No Dividends; No Redemption. Declare any dividend, pay or set aside for payment any dividend or other distribution, in cash, stock, or other property, or make any payment to any related parties, including to any preferred stockholders, as a dividend, redemption, or otherwise, other than the payment of salaries in the ordinary course of business.;
Appears in 2 contracts
Samples: Securities Agreement (Maverick Oil & Gas, Inc.), Securities Agreement (AFG Enterprises USA, Inc.)