Common use of Redemptions and Dividends Clause in Contracts

Redemptions and Dividends. So long as any of the Notes are outstanding, the Company shall not, without first obtaining the written approval of each of the holders of the Notes, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 4 contracts

Samples: Note Purchase Agreement (Advanced Environmental Recycling Technologies Inc), Note Purchase Agreement (Advanced Environmental Recycling Technologies Inc), Note Purchase Agreement (Advanced Environmental Recycling Technologies Inc)

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Redemptions and Dividends. So long as any of the Notes are ------------------------- outstanding, the Company shall not, without first obtaining the written approval of each of the holders of the Notes, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.

Appears in 1 contract

Samples: Note Purchase Agreement (Advanced Environmental Recycling Technologies Inc)

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