Payment of Dividends and Distributions. The 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 Distributions. Great 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 Distributions. Subject 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 Distributions. Borrower 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 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 $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. Except as provided in Section 10, the Borrower or the applicable Subsidiary Guarantor shall be entitled to receive all cash dividends paid in respect of the Pledged Collateral (other than liquidating or distributing dividends) with respect to the Pledged Collateral. Any sums paid upon or in respect of any of the Pledged Collateral upon the liquidation or dissolution of any issuer of any of the Pledged Collateral, any distribution of capital made on or in respect of any of the Pledged Collateral or any property distributed upon or with respect to any of the Pledged Collateral pursuant to the
Payment of Dividends and Distributions. (a) The Borrower shall not declare, make or pay any Distributions prior to 30 September 2010.
(b) From 30 September 2010, the Borrower shall only be permitted to make Distributions in an amount which does not exceed fifty per cent. (50%) of Net Income (as such term is defined in Clause 19 (Financial Covenants) and provided further that at the time the Borrower intends to make any such Distribution:
(i) no Default is then in existence (or would be in existence after giving effect to such transfer);
(ii) each of the Obligors is (and will be after giving effect to such transfer) in compliance with the covenants set out in Clause 19 (Financial Covenants) including with respect to the Debt Service Cover Ratio; and
(iii) each of the Operations Account, Major Maintenance Reserve Account, the Operational Cost Reserve Account and the Interest Payment (Retentions) Account are fully funded in cash to the level then required by the terms and conditions of the Accounts Agreement and the other Finance Documents.
Payment of Dividends and Distributions. Sale and Redemption of Shares of 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.
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.
