No payment of dividend Sample Clauses

No payment of dividend. The Guarantor shall not declare, make or pay any dividend or other distribution (or interest on any unpaid dividend or other distribution) (whether in cash or in kind) on or in respect of its share capital (including any class of its share capital) unless: (a) at the relevant time no Termination Event has occurred and is continuing; and (b) a Termination Event would not occur as a direct result of such payment or distribution.
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No payment of dividend. The Parent will not pay (including by way of set-off, combination of accounts or otherwise) any dividend or make any other distribution or payment (whether in cash or in specie), including any interest and/or unpaid dividends, in respect of equity or any other share capital for the time being in issue.
Sample 1Sample 2
No payment of dividend. It is our understanding that the net after tax earnings of Xxxxxx and the Bank for 1996 and 1997 will not be dividended to their respective stockholders; provided, however, that Xxxxxx xxx dividend to its shareholders prior to the closing all assets currently held by Xxxxxx other than Bank stock, and provided further that Bank may pay a dividend to Xxxxxx provided that the dividend proceeds received by Xxxxxx are paid to its bank stock lender and do not exceed the amount necessary to make the then due regular installment payment on the loan.
Sample 1
No payment of dividend. The Guarantor shall not declare, make or pay any dividend or other distribution (or interest on any unpaid dividend or other distribution) on or in respect of its share capital (whether in cash or in kind) upon the occurrence of a Termination Event which is continuing in Clause 49 of the Bareboat Charter.
Sample 1

Related to No payment of dividend

  • No Dividends During the previous 12 months, the Corporation has not, directly or indirectly, declared or paid any dividend or declared or made any other distribution on any of its shares or securities of any class, or, directly or indirectly, redeemed, purchased or otherwise acquired any of its common shares or securities or agreed to do any of the foregoing.

  • Dividends 1. Dividends paid by a company which is a resident of a Contracting State to a resident of the other Contracting State may be taxed in that other State. 2. However, such dividends may also be taxed in the Contracting State of which the company paying the dividends is a resident and according to the laws of that State, but if the beneficial owner of the dividends is a resident of the other Contracting State, the tax so charged shall not exceed:

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