Reserves. Before payments of any dividend, there may be set aside out of any funds of the Corporation available for dividends such sum or sums as the directors from time to time, in their absolute discretion, 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 purposes as the directors shall think conducive to the interest of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 9 contracts
Samples: Bylaws (Chiron Corp), Bylaws (Chiron Corp), Bylaws (Chiron Corp)
Reserves. Before payments of any dividend, there There may be set aside out of any funds of the Corporation available for dividends such sum or sums as the directors Board of Directors from time to time, in their its absolute discretion, think thinks proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, Corporation or for such other purposes purpose as the directors Board of Directors shall think conducive to the interest of the Corporation, and the directors Board of Directors may similarly modify or abolish any such reserve in the manner in which it was createdreserve.
Appears in 7 contracts
Samples: Merger Agreement (Riverwood Holding Inc), Subordinated Loan and Security Agreement (Specialty Underwriters Alliance, Inc.), Senior Loan and Security Agreement (Specialty Underwriters Alliance, Inc.)
Reserves. Before payments payment of any dividend, there may be set aside out of any funds of the Corporation Company available for dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the CorporationCompany, or for such other purposes purpose as the directors shall think conducive to the interest of the CorporationCompany, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 5 contracts
Samples: Business Combination Agreement (Digerati Technologies, Inc.), Business Combination Agreement (Minority Equality Opportunities Acquisition Inc.), Merger Agreement (LMF Acquisition Opportunities Inc)
Reserves. Before payments 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 directors from time to time, in their absolute discretion, 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 purposes purpose as the directors shall think conducive to the interest of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 5 contracts
Samples: Business Combination Agreement (Concord Acquisition Corp III), Merger Agreement (GameStop Corp.), Merger Agreement (GameStop Corp.)
Reserves. Before payments of any dividend, there There may be set aside out of any funds of the Corporation available for dividends such sum or sums as the directors Board of Directors from time to time, in their its absolute discretion, think thinks proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, Corporation or for such other purposes purpose as the directors Board of Directors shall think conducive to the interest of the Corporation, and the directors Board of Directors may similarly modify or abolish any such reserve in the manner in which it was createdreserve. [Section 171.]
Appears in 4 contracts
Samples: Shareholder Agreement (Remington Arms Co Inc/), Stock Purchase Agreement and Agreement and Plan of Merger (NCP SBG Lp), By Laws (Lexmark International Inc)
Reserves. Before payments payment of any dividend, there may be set aside out of any funds of the Corporation corporation available for dividends dividends, such sum or sums as the directors Board of Directors from time to time, in their its absolute discretion, think thinks 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 purposes purpose as the directors Directors shall think conducive to the interest of the Corporationcorporation, and the directors Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 4 contracts
Samples: Business Financing Agreement (Rimini Street, Inc.), Business Financing Agreement (Rimini Street, Inc.), Business Financing Agreement (Rimini Street, Inc.)
Reserves. Before payments payment of any dividend, dividend there may be set aside out of any funds of the Corporation corporation available for dividends such sum or sums as the directors from time to time, time in their absolute discretion, 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 purposes purpose as the directors shall think conducive to the interest of the Corporationcorporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 4 contracts
Samples: By Laws (All American Consultant Aircraft Inc), By Laws (Marketcentral Net Corp), By Laws (Netmaster Inc)
Reserves. Before payments 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 directors Board of Directors from time to time, in their absolute discretion, think 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 purposes purpose as the directors Board of Directors shall think conducive to the interest of the Corporation, and the directors Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 3 contracts
Samples: Merger Agreement (Memry Corp), Securities Purchase Agreement (Pinnacle Holdings Inc), Merger Agreement (MSR Exploration LTD)
Reserves. Before payments 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 directors from time to time, in their absolute discretion, 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 purposes purpose as the directors shall think conducive to the interest of the Corporationcorporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 3 contracts
Samples: Merger Agreement (Clear System Recycling, Inc.), Merger Agreement (Western Power & Equipment Corp), By Laws (Brooks Pharmacy, Inc.)
Reserves. Before payments 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 directors from time to time, in their absolute discretion, think deem proper as a reserve or reserves fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purposes purpose as the directors shall may think conducive to the interest of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 3 contracts
Samples: Merger Agreement (Robbins & Myers Inc), Agreement and Plan of Merger (American Resources Offshore Inc), Agreement and Plan of Merger (Blue Dolphin Energy Co)
Reserves. Before payments 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 directors from time to time, in their absolute discretion, 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 purposes purpose as the directors shall may think conducive to the interest of the Corporationcorporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 3 contracts
Samples: Merger Agreement (Holopak Technologies Inc), Merger Agreement (Foilmark Inc), Merger Agreement (Simon Robert J)
Reserves. Before payments 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 supervisory directors from time to time, in their absolute discretion, 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 purposes purpose as the supervisory directors shall think conducive to the interest of the Corporation, and the supervisory directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Joint Venture Agreement (Netsource Communications Inc), Joint Venture Agreement (Netsource Communications Inc)
Reserves. Before payments payment of any dividenddividends, there may be set aside out of any funds of the Corporation Company available for dividends such sum or sums as the directors Board from time to time, in their its absolute discretion, think determines to be proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the CorporationCompany, or for such other purposes purpose as the directors Board shall think determine to be conducive to the interest interests of the CorporationCompany, and the directors Board may modify or abolish any such reserve in the manner in which it was created.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Reserves. Before payments payment of any dividend, there may be -------- set aside out of any funds of the Corporation Company available for dividends such sum or sums as the directors Board from time to time, in their its absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, Company or for such other purposes purpose as the directors Board shall think conducive determine to be in the best interest of the Corporation, Company; and the directors Board may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserves. Before payments payment of any dividend, dividend there may be set aside out of any funds of the Corporation corporation available for dividends such sum or sums as the directors from time to time, time in their absolute discretion, 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 purposes purpose as the directors shall think conducive to the interest of the Corporationcorporation, and the directors may modify or abolish any such reserve in m the manner in which it was created.
Appears in 1 contract
Samples: By Laws (Dp Charters Inc/Ca)
Reserves. Before payments payment of any dividend, there may be set aside out of any funds of the Corporation available for dividends dividend such sum or sums as the directors Directors from time to time, in their absolute discretion, discretion 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 purposes purpose as the directors Directors shall think deem conducive to the interest of the Corporation, and the directors Directors may modify or abolish any such reserve in the manner in which it was createdreserve.
Appears in 1 contract
Reserves. Before payments 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 directors from time to time, in their absolute discretion, 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 purposes as the directors shall think conducive to the interest interests of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: By Laws (Hain Food Group Inc)
Reserves. Before payments 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 directors Board of Directors from time to time, in their its absolute discretion, think thinks proper as a reserve or reserves to meet contingencies, contingencies or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for such other purposes purpose as the directors Board of Directors shall think conducive to the interest interests of the Corporation, and the directors Board of Directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserves. Before payments 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 directors Board from time to time, in their absolute discretion, 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 purposes purpose as the directors Board shall think conducive to the interest interests of the Corporation, and the directors Board may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserves. Before payments 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 directors from time to time, in their absolute discretion, think deem 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 or purposes as the directors shall think conducive to the interest interests of the Corporationcorporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserves. Before payments payment of any dividend, dividend there may be set aside -------- out of any funds the net profits of the Corporation available for dividends corporation such sum or sums as the directors directors, from time to time, in their absolute discretion, think proper as a reserve or reserves fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any the property of the Corporationcorporation, or for such other purposes purpose as the directors shall think conducive to the interest interests of the Corporationcorporation, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Samples: By Laws (Cemreil Group Inc)
Reserves. Before payments payment of any dividend, there may be set aside out of any funds of the Corporation Company lawfully available for dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the CorporationCompany, or for such other purposes purpose as the directors shall think conducive to the interest of the CorporationCompany, and the directors may modify or abolish any such reserve in the manner in which it was created.
Appears in 1 contract
Reserves. Before payments the 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 directors from time to time, in their absolute discretion, 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 purposes as the directors shall think conducive to the interest of the Corporation, and the directors may modify or abolish any such reserve in the manner in which it was createdreserve.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (Icg Communications Inc /De/)