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: Chiron Corp, Chiron Corp, 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: Senior Loan and Security Agreement (Specialty Underwriters Alliance, Inc.), Subordinated Loan and Security Agreement (Specialty Underwriters Alliance, Inc.), Agreement and Plan of Merger (Riverwood Holding 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), Agreement and Plan of Merger (Geeknet, Inc), Agreement and Plan of Merger (GameStop Corp.)
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: Marketcentral Net Corp, All American Consultant Aircraft Inc, Marketcentral Net Corp
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 Modification Agreement (Rimini Street, Inc.), Business Financing Modification Agreement (Rimini Street, Inc.), Business Financing Agreement (Rimini Street, 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: Agreement and Plan of Merger (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 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: Agreement and Plan of Merger and Reorganization (Clear System Recycling, Inc.), Registration Rights Agreement (Western Power & Equipment Corp), 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 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: Agreement and Plan of Merger (Memry Corp), Agreement and Plan of Merger And (MSR Exploration LTD), Securities Purchase Agreement (Pinnacle Holdings Inc)
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 2 contracts
Samples: Agreement and Plan of Merger (Simon Robert J), Agreement and Plan of Merger (Holopak Technologies 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 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, dividend there may be set aside out of any funds of the Corporation 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 fund 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 1 contract
Samples: Nabi /De/
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 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
Samples: Agreement and Plan of Merger (Carey International 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 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: Hain Food Group Inc
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
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
Samples: Agreement and Plan of Merger (Powerhouse Technologies Inc /De)
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: 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 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, 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: 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
