Common use of Prohibition on Certain Actions Clause in Contracts

Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the Purchasers, (i) amend its Articles of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the Purchasers; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 7 contracts

Samples: Convertible Debenture Purchase Agreement (Surgilight Inc), Convertible Debenture Purchase Agreement (International Fuel Technology Inc), Preferred Stock Purchase Agreement (Hertz Technology Group Inc)

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Prohibition on Certain Actions. From the date hereof through the Post-Closing Date, the Company shall not and shall cause the Subsidiaries not tonot, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoingforegoing other than the Merger Agreement.

Appears in 5 contracts

Samples: Convertible Debenture Purchase Agreement (Insite Vision Inc), Convertible Debenture Purchase Agreement (Pacific Fuel Cell Corp), Convertible Debenture Purchase Agreement (Scores Holding Co Inc)

Prohibition on Certain Actions. From the date hereof ------------------------------ through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 2 contracts

Samples: Purchase Agreement (Wolfpack Corp), Purchase Agreement (Wolfpack Corp)

Prohibition on Certain Actions. From the date hereof through the Post-Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoingforegoing other than the Merger Agreement.

Appears in 2 contracts

Samples: Convertible Debenture Purchase Agreement (Columbia Bakeries Inc), Convertible Debenture Purchase Agreement (Michelex Corp)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 2 contracts

Samples: Escrow Agreement (Scores Holding Co Inc), Convertible Debenture Purchase Agreement (Hy Tech Technology Group Ing)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the The Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise other-wise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Global It Holdings Inc)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cecs Corp)

Prohibition on Certain Actions. From the date hereof through ------------------------------ the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the Purchasers, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the Purchasers; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Racom Systems Inc)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (ivIV) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Escrow Agreement (Crys Tel Telecommunications Com Inc)

Prohibition on Certain Actions. From the date hereof through the Post-Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Scores Holding Co Inc)

Prohibition on Certain Actions. From the date hereof through the ------------------------------- Post-Closing Date, the Company shall not and shall cause the Subsidiaries not tonot, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise other-wise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoingforegoing other than the Merger Agreement.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Heritage Worldwide Inc)

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Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the Purchasers, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the Purchasers; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Racom Systems Inc)

Prohibition on Certain Actions. From the date hereof through ------------------------------ the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Wolfpack Corp)

Prohibition on Certain Actions. (a) From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles Certificate of Incorporation, bylaws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Convertible Debenture Agreement (Alottafun Inc)

Prohibition on Certain Actions. From the date hereof through the Post-Closing Date, the Company shall not and shall cause the Subsidiaries not tonot, without the prior written consent of the Purchasers, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the Purchasers; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoingforegoing other than the Merger Agreement.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Blue Moon Group Inc)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the The Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i) amend its Articles certificate or articles of Incorporationincorporation, bylaws by-laws or other charter documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iii) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoingforegoing other than the Merger Agreement.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Donobi Inc)

Prohibition on Certain Actions. From the date hereof through the Closing Date, the Company shall not and shall cause the Subsidiaries not to, without the prior written consent of the PurchasersPurchaser, (i1) amend its Articles Certificate of Incorporation, bylaws or other charter character documents so as to adversely affect any rights of the PurchasersPurchaser; (ii) split, combine or reclassify its outstanding capital stock; (iiiill) declare, authorize, set aside or pay any dividend or other distribution with respect to the Common Stock; (iv) redeem, repurchase or offer to repurchase or otherwise acquire shares of its Common Stock; or (v) enter into any agreement with respect to any of the foregoing.

Appears in 1 contract

Samples: Convertible Debenture Purchase Agreement (Accord Advanced Technologies Inc)

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