Common use of Permitted Distributions Clause in Contracts

Permitted Distributions. The granting of the right to purchase shares of [Preferred Shares] [Common Stock] (whether from treasury shares or otherwise), pursuant to (i) any dividend or interest reinvestment plan or [Preferred Shares] [Common Stock] purchase plan providing for the reinvestment of dividends or interest payable on securities of the Company and/or the investment of periodic optional payments; and (ii) any stock option plans and/or employee benefit or similar plans shall not be deemed to constitute an issue of rights or warrants by the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Bank of Boston Corp), Warrant Agreement (Bankboston Corp)

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Permitted Distributions. The granting of the right to purchase shares of [Preferred SharesStock] [Common Stock] (whether from treasury shares or otherwise), pursuant to (i) any dividend or interest reinvestment plan or [Preferred SharesStock] [Common Stock] purchase plan providing for the reinvestment of dividends or interest payable on securities of the Company and/or the investment of periodic optional payments; and (ii) any stock option plans and/or employee benefit or similar plans shall not be deemed to constitute an issue of rights or warrants by the Company.

Appears in 2 contracts

Samples: Warrant Agreement (Leap Wireless International Inc), Warrant Agreement (U S Wireless Corp)

Permitted Distributions. The granting of the right to purchase ----------------------- shares of [Preferred SharesStock] [Common Stock] (whether from treasury shares or otherwise), pursuant to (i) any dividend or interest reinvestment plan or [Preferred SharesStock] [Common Stock] purchase plan providing for the reinvestment of dividends or interest payable on securities of the Company and/or the investment of periodic optional payments; and (ii) any stock option plans and/or employee benefit or similar plans shall not be deemed to constitute an issue of rights or warrants by the Company.

Appears in 1 contract

Samples: Warrant Agreement (Autozone Inc)

Permitted Distributions. The granting of the right to purchase shares ----------------------- of [Preferred SharesStock] [Common Stock] (whether from treasury shares or otherwise), pursuant to (i) any dividend or interest reinvestment plan or [Preferred SharesStock] [Common Stock] purchase plan providing for the reinvestment of dividends or interest payable on securities of the Company and/or the investment of periodic optional payments; and (ii) any stock option plans and/or employee benefit or similar plans shall not be deemed to constitute an issue of rights or warrants by the Company.

Appears in 1 contract

Samples: Warrant Agreement (Merrill Lynch Preferred Capital Trust V)

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Permitted Distributions. The granting of the right to purchase shares of [Preferred Shares] [Common Stock] (whether from treasury shares or otherwise)], pursuant to (i) any dividend or interest reinvestment plan or [Preferred Shares] [Common Stock] purchase plan providing for the reinvestment of dividends or interest payable on securities of the Company and/or the investment of periodic optional payments; , and (ii) any stock option plans and/or employee benefit or similar plans plans, shall not be deemed to constitute an issue of rights or warrants by the Company.

Appears in 1 contract

Samples: Warrant Agreement (Old Kent Financial Corp /Mi/)

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