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 (Align Rite International Inc), Credit Agreement (Scheid Vineyards Inc)

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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: Term Loan Credit Agreement (Elexsys International Inc), Accounts Receivable 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 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 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 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/)

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)

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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 any class of the Borrower's stock now or hereafter outstanding except dividends payable solely in the Borrower's capital stock."

Appears in 1 contract

Samples: Credit Agreement (Scheid Vineyards 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: Term Loan Credit Agreement (Elexsys International Inc)

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