Common use of Payment of Dividends Clause in Contracts

Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.

Appears in 11 contracts

Samples: Term Loan Credit Agreement (Scheid Vineyards Inc), Credit Agreement (Diamond Multimedia Systems Inc), Credit Agreement (Hycor Biomedical Inc /De/)

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Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except (i) dividends payable solely in the Borrower's capital stock, or (ii) dividends approved by Bank.

Appears in 4 contracts

Samples: Line of Credit Agreement (Elexsys International Inc), Term Loan Credit Agreement (Elexsys International Inc), Accounts Receivable Credit Agreement (Elexsys International Inc)

Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's ’s capital stock.

Appears in 2 contracts

Samples: Credit Agreement (Alphatec Holdings, Inc.), Credit Agreement (Alphatec Holdings, Inc.)

Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's Borrowers capital stock.

Appears in 2 contracts

Samples: Credit Agreement (Biolase Technology Inc), Credit Agreement (Biolase Technology Inc)

Payment of Dividends. Not declare or pay any dividends on any class of the Borrower's stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock."

Appears in 2 contracts

Samples: Credit Agreement (Scheid Vineyards Inc), Credit Agreement (Scheid Vineyards Inc)

Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.stock and Permitted Dividends. Borrower may declare or pay Permitted Dividends only if

Appears in 1 contract

Samples: 1997 Credit Agreement (Motor Cargo Industries Inc)

Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except (i) dividends payable solely in the Borrower's capital stock; or (ii) dividends approved by Bank.

Appears in 1 contract

Samples: Credit Agreement (Elexsys International Inc)

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Payment of Dividends. Not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the each Borrower's capital stock.

Appears in 1 contract

Samples: Credit Agreement (Osi Systems Inc)

Payment of Dividends. Not Borrower will not declare or pay any dividends on any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.

Appears in 1 contract

Samples: Letter of Credit Agreement (Atg Inc)

Payment of Dividends. Not declare or pay any dividends on to any class of stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock.

Appears in 1 contract

Samples: Credit Agreement (International Rectifier Corp /De/)

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