Redemptions and Dividends. So long as the Purchaser holds the Note, the Company shall not, without first obtaining the written approval of the 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: Note Purchase Agreement (Speedcom Wireless Corp), Note Purchase Agreement (P Com Inc)
Redemptions and Dividends. So long as the any Purchaser holds the Notebeneficially owns any Notes, the Company shall not, without first obtaining the written approval of the such Purchaser, repurchase, redeem redeem, or declare or pay any cash dividend or distribution on on, any shares of capital stock of the Company; provided, however, if there are three or more Purchasers, then only the written approval of Purchasers holding a majority-in-interest of the then outstanding principal amount of the Notes shall be required.
Appears in 1 contract
Samples: Securities Purchase Agreement (Lumenon Innovative Lightwave Technology Inc)
Redemptions and Dividends. So long as the Purchaser holds beneficially owns the Note, the Company shall not, without first obtaining the written approval of the Purchaser, repurchaseredeem, redeem or declare or pay any cash dividend or distribution on on, any shares of capital stock of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Interactive Magic Inc /Nc/)
Redemptions and Dividends. So long as the Purchaser holds the Notebeneficially owns any Notes, the Company shall not, without first obtaining the written approval of the Purchaser, repurchase, redeem redeem, or declare or pay any cash dividend or distribution on on, any shares of capital stock of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Waverider Communications Inc)
