Common use of Payment of Cash Dividend Clause in Contracts

Payment of Cash Dividend. The Company agrees, so long as any of the Notes are outstanding, not to declare, pay or make any provision for any cash dividend or distribution with respect to the Common Stock of the Company, without first obtaining the approval of the Required Investors.

Appears in 4 contracts

Samples: Purchase Agreement (Tut Systems Inc), Purchase Agreement (GoFish Corp.), Purchase Agreement (ProsoftTraining)

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Payment of Cash Dividend. The Company agrees, so long as any of the Notes are Note is outstanding, not to declare, pay or make any provision for any cash dividend or distribution with respect to the Common Stock of the Company, without first obtaining the approval of the Required InvestorsInvestor.

Appears in 2 contracts

Samples: Purchase Agreement (Las Vegas Railway Express, Inc.), Purchase Agreement (Tag Entertainment Corp)

Payment of Cash Dividend. The Company agrees, agrees that for so long as any of the Notes are outstanding, outstanding it will not to declare, pay or make any provision for any cash dividend or distribution with respect to the Common Stock of the Company, without first obtaining the approval of Investors holding a majority of the Required Investorsprincipal amount of the Notes then outstanding.

Appears in 1 contract

Samples: Subscription Agreement (Tag It Pacific Inc)

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Payment of Cash Dividend. The Company agrees, so long as any of the Notes are outstanding, not to declare, pay or make any provision for any cash dividend or cash distribution with respect to the Common Stock or preferred stock of the Company, without first obtaining the approval of the Required Investors.

Appears in 1 contract

Samples: Purchase Agreement (Markland Technologies Inc)

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