Common use of Redemptions and Dividends Clause in Contracts

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred Stock, the Company shall not, without first obtaining the written approval of the holders of the Majority Holders, repurchase, redeem, or declare or pay any cash dividend or premium or distribution on, or otherwise repay or prepay on account of, any shares of capital stock or other outstanding indebtedness of the Company except as provided pursuant to Schedule 4(d) hereof; provided, however, that the foregoing shall not prohibit the Company from repurchasing, redeeming or declaring or paying cash dividends or distributions on Preferred Stock provided that any such repurchases, redemptions, dividends and distributions are made solely in accordance with the terms of such Preferred Stock as in effect on the date hereof.

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred StockShares, the Company shall not, without first obtaining the written approval of the holders of a majority of the Majority HoldersPreferred Shares then outstanding, repurchase, redeem, or declare or pay any cash dividend or premium or distribution on, or otherwise repay or prepay on account of, any shares of capital stock or other outstanding indebtedness of the Company except as provided pursuant to Schedule 4(d) hereofCompany; provided, however, that the foregoing shall not prohibit the Company from repurchasing, redeeming or declaring or paying cash dividends or distributions on shares of the Company's Series A Convertible Preferred Stock provided that any such repurchases, redemptions, dividends and distributions are made solely in accordance with the terms of such Series A Convertible Preferred Stock as in effect on the date hereof.

Redemptions and Dividends. So long as any Purchaser beneficially owns any Preferred StockShares, the Company shall not, without first obtaining the written approval of the holders of a majority of the Majority HoldersPreferred Shares then outstanding, repurchase, redeem, or declare or pay any cash dividend or premium or distribution on, or otherwise repay or prepay on account of, any shares of capital stock or other outstanding indebtedness of the Company except as provided pursuant to Schedule 4(d) hereofCompany; provided, however, that the foregoing shall not prohibit the Company from repurchasing, redeeming or declaring or paying cash dividends or distributions on Preferred Stock Shares provided that any such repurchases, redemptions, dividends and distributions are made solely in accordance with the terms of such Preferred Stock Shares as in effect on the date hereof.