No Dividends or Distributions. No dividends or other distributions with respect to capital stock of the Surviving Corporation with a record date on or after the Effective Time will be paid to the holder of any unsurrendered Certificates or Uncertificated Shares.
No Dividends or Distributions. Borrowers will not make any distribution or declare or pay any dividends (in cash or in stock) on, or purchase, acquire, redeem or retire any of its common stock, membership or partnership interests, of any class, whether now or hereafter outstanding without prior written consent of Lender. Absent an Event of Default, Borrower may, upon prior written consent from Lender, make distributions to its shareholders or members in the ordinary and usual course of Borrower’s business to satisfy such shareholder’s or member’s tax liability on income of Borrower which is allocated to such shareholder or member.
No Dividends or Distributions. During the Exercise Period, the Corporation shall not pay any dividend or make any distribution to all or substantially all of the holders of Shares or declare any such dividend, or provide for any such distribution, payable to all or substantially all the holders of Shares of record during that period. Such restrictions shall not apply to stock dividends or distributions in respect of which an adjustment can be made in the Exercise Number pursuant to paragraph 5.2(1)(a) or subsections 5.2(2) or 5.2(3).
No Dividends or Distributions. The Company shall not declare or pay any dividend to the holders of its issued and outstanding Common Shares or other shares in the capital of the Company 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.
No Dividends or Distributions. The Company will not declare any dividends or distributions, (i) in the period beginning with the offering of the Shares and ending on or before the thirtieth day following the date of the Prospectus, or (ii) that are payable on the Underwritten Shares or the Option Shares.
No Dividends or Distributions. Maker shall ------------------------------ not declare or pay any dividend or distribution to its members or stockholders nor shall Maker repurchase, retire or redeem any interest in its capital or capital stock. Maker shall not make loans to or enter into any transaction with its members or stockholders, or their affiliates, or pay salaries or other compensation to any such person except in amounts which would be paid to an unrelated third party for similar services.
No Dividends or Distributions. No dividends or other distributions have been or will be declared or made to the holders of the Insurance Company Common Stock or Insurance Company Preferred Stock, other than payment of the applicable Merger Consideration.
No Dividends or Distributions. The Borrower will not make (i) any dividend or other distribution, direct or indirect, on account of the beneficial interests or any other Equity Interests of the Borrower now or hereafter outstanding, or (ii) any redemption, retirement, purchase or other acquisition for value, direct or indirect, of the beneficial interests or any other Equity Interests of the Borrower now or hereafter outstanding; provided, however, that this Section 7.03(j) shall not prohibit (i) dividends or distributions from funds released to the Borrower pursuant to Section 3.02(b) or (c) or after the Final Payout Date or (ii) sales, purchases or reassignments, as applicable, of Receivables and other Collateral as permitted by the Transaction Documents.
No Dividends or Distributions. The Holder understands that the Exchange Shares are shares of Common Stock, except that, by virtue of the Holder's waiver of dividend and distribution rights in Paragraph 1.b and for the period set froth in such paragraph, the Exchange Shares do not entitle the Holder to receive dividends as may be declared by the Board of Directors of the Issuer from time to time or to receive distributions in the event of liquidation of the Issuer.
No Dividends or Distributions if an Event of Default has occurred and is continuing declare or pay any dividends or make other distribution under any name or description or effect any form of redemption, purchase or return of share capital or otherwise dispose any of the issued shares or otherwise dispose of any of its present or future assets, undertakings, rights or revenues (which are all assigned to the Lender) to any of the shareholders of the Borrower without the prior written consent of the Lender, such consent not to be unreasonably withheld;
