Common use of Prohibited Matters Clause in Contracts

Prohibited Matters. From and after the date hereof, Holding Company shall not, without the consent of the holders of the majority of the then outstanding Preferred Shares: 1] Effect any transaction that results in a change of control of the Holding Company; [2] Materially change the nature of the Holding Company's business; [3] Effect a liquidation, dissolution, merger or sale of the Holding Company or sell substantially all of its assets; [4] Amend its articles of incorporation or bylaws; [5] Redeem or pay any dividend or distribution on its common stock;

Prohibited Matters. From and after the date hereof, Holding Company shall not, without the consent of the holders of the majority of the then outstanding Preferred Shares: 1[a] Effect any transaction that results in a change of control of the Holding Company; [2b] Materially change the nature of the Holding Company's business; [3c] Effect a liquidation, dissolution, merger or sale of the Holding Company or sell substantially all of its assets; [4d] Amend its articles of incorporation or bylaws; [5e] Redeem or pay any dividend or distribution on its common stock;

Prohibited Matters. From and after the date hereof, Holding Company shall not, without the consent of the holders of the majority of the then outstanding Preferred Shares: 1] Effect any transaction that results in a change of control of the Holding Company; [2] Materially change the nature of the Holding Company's business; [3] Effect a liquidation, dissolution, merger or sale of the Holding Company or sell substantially all of its assets; [4] Amend its articles of incorporation or bylaws; [5] Redeem or pay any dividend or distribution on its common stock;