Common use of Redemptions and Dividends Clause in Contracts

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred Shares, the Company shall not, without first obtaining the written approval of such Purchaser, repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Virologic Inc), Securities Purchase Agreement (Virologic Inc)

AutoNDA by SimpleDocs

Redemptions and Dividends. So long as any the Purchaser beneficially owns any Preferred SharesDebentures, the Company shall not, without first obtaining the written approval of such the Purchaser, repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Icc Technologies Inc)

Redemptions and Dividends. So long as any the Purchaser beneficially owns ------------------------- any Preferred SharesDebentures, the Company shall not, without first obtaining the written approval of such the Purchaser, repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Knickerbocker L L Co Inc)

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred SharesDebentures, the Company shall not, without first obtaining the written approval of such Purchaser, repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Fidelity Holdings Inc)

AutoNDA by SimpleDocs

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred Shares------------------------- Debentures, the Company shall not, without first obtaining the written approval of such Purchaser, repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Knickerbocker L L Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!