Common use of Payment of Cash Dividend Clause in Contracts

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

Appears in 2 contracts

Samples: Note Purchase Agreement (World Heart Corp), Note Purchase Agreement (Abiomed Inc)

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Payment of Cash Dividend. The Company agrees, so long as any of the Note is Notes are outstanding, not to declare, pay or make any provision for any cash dividend or cash distribution with respect to the Common StockStock (or other capital stock), without first obtaining the approval of the InvestorRequired Investors.

Appears in 1 contract

Samples: Purchase Agreement (INVO Bioscience, Inc.)

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

Appears in 1 contract

Samples: Purchase Agreement (Uni-Pixel)

Payment of Cash Dividend. The Company agrees, so long as any of the Note is Convertible Notes are outstanding, not to declare, pay or make any provision for any cash dividend or other cash distribution with respect to the Common StockStock of the Company, without first obtaining the approval of the InvestorInvestors of a majority of the then outstanding Convertible Notes.

Appears in 1 contract

Samples: Purchase Agreement (Toreador Resources Corp)

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

Appears in 1 contract

Samples: Securities Purchase Agreement (Matrix Service Co)

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