Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in its absolute discretion, thinks proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 8 contracts
Samples: Merger Agreement, Agreement and Plan of Merger (TAMINCO Corp), Merger Agreement (Conceptus Inc)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 8 contracts
Samples: Master Transaction Agreement (RTI Surgical Holdings, Inc.), Master Transaction Agreement (Rti Surgical, Inc.), Investment Agreement (Transmeridian Exploration Inc)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Interest Contribution Agreement (First Capital Real Estate Trust Inc), Interest Contribution Agreement (Photomedex Inc)
Reserve. Before payment of any dividend, dividend there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors Directors, from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Distribution Agreement (Seranova Inc), Distribution Agreement (Seranova Inc)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Merger Agreement (NeuroMetrix, Inc.), Merger Agreement (electroCore, Inc.)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the Board of Directors shall think conducive conclusive to the interest of the corporation, and the Board of Directors directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Exchange Agreement (Stewart Information Services Corp)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, contingencies or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Securities Purchase Agreement (Queen Sand Resources Inc)
Reserve. Before payment of any dividend, dividend there may be set aside out of any funds of the corporation available for dividends ------- such sum or sums as the Board of Directors Directors, from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest interests of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its absolute discretion, thinks shall think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporationCorporation, and the Board of Directors directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Quarterly Report
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation available available for dividends such sum or sums as the Board of Directors Directors from time to time, in its absolute discretion, thinks shall think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property property of the corporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporationcorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserve. Before payment of any dividend, dividend there may be set aside out of any funds of the corporation available for dividends such sum or sums as the Board of Directors from time to time, time in its their absolute discretion, thinks discretion think proper as a reserve or reserves fund to meet contingencies, contingencies or for equalizing dividends, dividends or for repairing or maintaining any property of the corporation, Corporation or for such other purpose as the Board of Directors shall think conducive to the interest interests of the corporation, Corporation and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: Merger Agreement (Sl Industries Inc)
Reserve. Before payment of any dividend, there may be set aside out of any funds of the corporation Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its their absolute discretion, thinks think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporationCorporation, or for such other purpose as the Board of Directors shall think conducive to the interest of the corporationCorporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
