Common use of Payment of Dividends Clause in Contracts

Payment of Dividends. Borrower will not declare or pay any dividends, other than a dividend payable in its own common stock, or authorize or make any other distribution with respect to any of its stock now or hereafter outstanding.

Appears in 19 contracts

Samples: Loan Agreement (Corinthian Colleges Inc), Loan Agreement (Gasonics International Corp), Loan Agreement (Clontech Laboratories Inc)

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Payment of Dividends. Borrower will not declare or pay any dividends, other than a dividend dividends payable solely in its own common stock, or authorize or make any other distribution with respect to any of its stock now or hereafter outstanding.

Appears in 8 contracts

Samples: Loan Agreement (Crocs, Inc.), Loan Agreement (Hewitt Associates Inc), Loan Agreement (Embarcadero Technologies Inc)

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Payment of Dividends. Borrower will not declare or pay any dividends, other than a dividend payable in its own common stockStock, or authorize or make any other distribution with respect to any of its stock now or hereafter outstanding.

Appears in 2 contracts

Samples: Loan Agreement (Ilc Technology Inc), Loan Agreement (Ilc Technology Inc)

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