Redemptions and Dividends. For so long as the Note is outstanding, without the prior written approval of the Purchaser, the Company shall not repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Sipex Corp), Securities Purchase Agreement (Sipex Corp), Securities Purchase Agreement (Sipex Corp)
Redemptions and Dividends. For so long as the Note is Notes are outstanding, without the prior written approval of the Purchaser, the Company shall not repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.
Appears in 1 contract
Redemptions and Dividends. For so long as the Note Notes remain outstanding and unpaid, or any other amount is outstandingowing to any Purchaser under any Transaction Document, without the prior written approval of a majority in interest of the PurchaserPurchasers, the Company shall not repurchase, redeem, or declare or pay any cash dividend or distribution on, any shares of capital stock of the Company.
Appears in 1 contract
