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Payment of Dividends and Distributions Sample Clauses

Payment of Dividends and DistributionsThe Grantee shall be entitled to receive dividends and distributions which become payable on the Restricted Stock at the time such dividends and distributions are paid to other holders of Stock. Stock or other property distributed in connection with such a dividend or distribution shall be subject to restrictions and a risk of forfeiture to the same extent as such Restricted Stock.
Payment of Dividends and DistributionsGreat Lakes shall not declare or make any dividend or other distributions to any holder of any Common Stock or any other capital stock of Great Lakes, except for dividends declared or made in the form of common stock, par value $.01 per share, of Great Lakes (the “Common Stock”), redeem or purchase any Common Stock or any other capital stock of Great Lakes (other than the acceptance of shares in payment of the exercise or purchase price of equity-based compensation) or make any loan or other payments to any affiliate or holder of Common Stock or any other capital stock of Great Lakes.
Payment of Dividends and DistributionsSubject to contractual restrictions applicable to Subsidiaries of the Borrower that are in effect on the Closing Date or are contained in instruments of Permitted Indebtedness or the Governing Documents applicable to such Subsidiaries, the Borrower shall cause each of its Subsidiaries (other than Excluded Future Subsidiaries) (i) to declare and pay cash dividends, partnership or similar distributions or similar forms of payment made on account of equity interests, as the case may be, so as to maximize the amount of cash distributable to the Borrower from time to time.
Payment of Dividends and DistributionsBorrower shall cause BHAC and other issuers of Specified Equity Interests pledged to Lender pursuant to one or more Pledge Agreements to declare and pay dividends and other distributions in the maximum amounts allowed, and as frequently as permitted, by Applicable Law such that such dividends and other distributions, shall be sufficient, in the aggregate, to make timely payment of accrued interest on, and regularly-scheduled principal installment payments in respect of, the Loan, together with fees, costs, expenses and other amounts required to be paid by the Loan Parties pursuant to the Loan Documents.
Payment of Dividends and DistributionsSubject to applicable Requirements of Law and to contractual restrictions applicable to the Borrower or to Subsidiaries of the Borrower that are in effect from time to time, the Borrower shall cause each of its Subsidiaries (i) to declare and pay cash dividends, partnership, limited liability company or similar distributions, or similar AMENDED AND RESTATED forms of payment made on account of equity interests, as the case may be, so as to maximize the amount of cash distributable to the Borrower from time to time.
Payment of Dividends and Distributions. All cash dividends or other distributions received by the Trustee on account of the Trust Shares and all proceeds received by the Trustee in connection with the disposition of the Trust Shares (other than any dividend, distribution or proceeds consisting of additional securities), if any, shall be held in trust by the Trustee and shall forthwith be paid to MHR, less any amounts required to be withheld by the Trustee on account of any tax or government charge pursuant to applicable law. Any securities received by the Trustee as a result of the payment of any stock dividend or other distribution in respect of the Trust Shares shall be retained by the Trustee and held on and subject to the terms of this Agreement in like manner and to the same effect as if the same had been originally deposited with the Trustee as Trust Shares.
Payment of Dividends and Distributions. Declare or pay any dividends upon its shares of stock or other equity interests now or hereafter outstanding or make any distribution of assets to its equityholders as such, whether in cash, property or securities, except: (a) dividends and other distributions payable by Subsidiaries to Borrower; and (b) such other dividends paid by Borrower as Borrower may elect to pay up to (i) until July 31, 2023, $13,000,000 in the aggregate per fiscal year, or (ii) after July 31, 2023, $10,000,000 in the aggregate per fiscal year; provided, however, that as a condition precedent to the ability of Borrower or any Subsidiary to pay dividends and make distributions pursuant to clause (b) of this Section 7.05, (i) Borrower shall deliver to Lender a pro forma Compliance Certificate in form and substance satisfactory to Lender certifying that the Distribution Fixed Charge Coverage Ratio after giving effect to such distribution shall not be less than 1.50 to 1.00, and that Borrower is in compliance with the financial covenants set forth in Section 7.13 after giving effect to such distribution, in each case determined on a pro forma basis, and (ii) there shall not exist, and such distribution shall not cause, an Event of Default or Default.
Payment of Dividends and Distributions. 1. Upon receipt of properly-executed instructions from the Fund upon declaration of any dividend and/or distribution, compute and credit the accounts of all shareholders with the proper number of whole and fractional shares, computed as of the reinvestment date and price specified by the relevant resolution of the Fund's directors for such dividend or distribution. 2. Adjust the amount of dividend or distribution payments for accounts having unsettled investments or repurchases as of the record date with appropriate accounting adjustments to the Fund's distribution accounts and remittances to its custodian. 3. Reconcile dividends and distributions with the Fund.
Payment of Dividends and Distributions. Declare or pay any dividends upon its shares of stock or other equity interests now or hereafter outstanding or make any distribution of assets to its equityholders as such, whether in cash, property or securities, except: (a) dividends and other distributions payable by Subsidiaries to Borrower; and (b) such other dividends paid by Borrower as Borrower may elect to pay so long as there shall not exist, and such distribution shall not cause, an Event of Default or Default.