Common use of No Dividends Clause in Contracts

No Dividends. The Company shall not declare or pay any dividend (whether in cash, stock or property) or make any other distribution to the Sellers, except for the repayment of loans made by the Sellers to the Company.

Appears in 9 contracts

Samples: Stock Purchase and Sale Agreement (Healthcare Capital Corp), Stock Purchase and Sale Agreement (Healthcare Capital Corp), Stock Purchase and Sale Agreement (Healthcare Capital Corp)

AutoNDA by SimpleDocs

No Dividends. The Company shall not declare or pay any dividend (whether in cash, stock or property) or make any other distribution to the SellersShareholder, except for the repayment of loans made by the Sellers Shareholder to the Company.

Appears in 1 contract

Samples: Merger Agreement (Healthcare Capital Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!