No Purchase, Redemption or Other Acquisition When Insolvent. The Company must not make a payment or provide any other consideration to purchase, redeem or otherwise acquire any of its shares if there are reasonable grounds for believing that: (1) the Company is insolvent; or (2) making the payment or providing the consideration would render the Company insolvent.
Appears in 7 contracts
Samples: Business Combination Agreement, Business Combination Agreement (Pono Capital Three, Inc.), Arrangement Agreement (Bausch & Lomb Corp)
No Purchase, Redemption or Other Acquisition When Insolvent. The Company must not make a payment or provide any other consideration to purchase, redeem or otherwise acquire any of its shares if there are reasonable grounds for believing that:
(1a) the Company is insolvent; or
(2b) making the payment or providing the consideration would render the Company insolvent.
Appears in 4 contracts
Samples: Class a Preferred Share Purchase Agreement (Mechanical Technology Inc), Business Combination Agreement (Acreage Holdings, Inc.), Share Purchase Agreement
No Purchase, Redemption or Other Acquisition When Insolvent. The Company must not make a payment or provide any other consideration to purchase, redeem redeem, or otherwise acquire any of its shares if there are reasonable grounds for believing that:
(1) the Company is insolvent; or
(2) making the payment or providing the consideration would render the Company insolvent.
Appears in 1 contract
Samples: Incorporation Agreement
