Repurchase; Dividends Clause Samples
The 'Repurchase; Dividends' clause governs a company's ability to buy back its own shares and to distribute dividends to shareholders. Typically, this clause outlines the conditions under which repurchases or dividend payments are permitted, such as requiring board approval or compliance with financial covenants. For example, it may restrict repurchases if they would breach certain debt ratios or prohibit dividends unless specific profitability thresholds are met. The core function of this clause is to protect the financial stability of the company and the interests of creditors or investors by ensuring that distributions to shareholders do not undermine the company’s financial obligations or capital structure.
Repurchase; Dividends. Prior to the Closing, NASFA will not redeem, repurchase or otherwise acquire any capital stock of NASFA or declare or apply any dividend in cash, securities or other property.
Repurchase; Dividends. 10 ARTICLE VI - COVENANTS OF THE EXCHANGING SHAREHOLDERS.......................10 Section 6.1 Restrictions on Transfer..................................10 Section 6.2 Transfer Instructions.....................................10 Section 6.3 Cooperation...............................................10 ARTICLE VII - CONDITIONS TO THE CLOSING OF THE COMPANY......................10 ARTICLE VIII - CONDITIONS TO THE CLOSING OF THE EXCHANGING SHAREHOLDERS............................................................11 ARTICLE IX - SURVIVAL OF REPRESENTATIONS AND WARRANTIES AND INDEMNIFICATION.....................................................13 Section 9.1 Survival of Representations and Warranties................13 Section 9.2 Obligations of the Company................................13 Section 9.3 Obligations of Nifco......................................13 Section 9.4 Notice of Loss or Asserted Liability......................14 Section 9.5 Opportunity to Contest....................................14
Repurchase; Dividends. 18 6.9. Cooperation...........................................................18 6.10. Sale of the Westower Shares...........................................18 6.11. Disposition of the Westower Shares....................................19 6.12.
Repurchase; Dividends. Prior to the Closing, the Company will not redeem, repurchase or otherwise acquire any capital stock of the Company or declare or apply any dividend in cash, securities or other property.
Repurchase; Dividends. Company will not redeem, repurchase or otherwise acquire any capital stock of Company, or declare or pay any dividend in cash, securities or other property.
Repurchase; Dividends. Except for the distribution of $1,500,000 to the Stockholders, which will be part return of capital and part a distribution, MJA will not redeem, repurchase or otherwise acquire any common shares of MJA, or, without the consent of Westower, declare or pay any dividend in cash, securities or other property. For the covenants in Sections 6.9 through 6.15, Stockholders hereby covenant and agree, except for transactions authorized by this Agreement, including transactions consented to in writing by Westower, they will or they will cause MJA to comply with the following:
Repurchase; Dividends. The Company will not redeem, repurchase --------------------- or otherwise acquire any capital stock of the Company, or, without the consent of Westower, declare or pay any dividend in cash, securities or other property, except for the dividend to be declared and paid to the Shareholder as described in Paragraph 3.23(d) hereof.