Restricted Payments on Stock. Neither the Borrower nor any of its Subsidiaries shall (x) declare or make any dividend payment or other distribution on any capital stock of the Borrower (other than dividends payable solely in shares of the Borrower's capital stock) or (y) declare or make any payment on account of the purchase, redemption, retirement or acquisition of the Borrower's capital stock; provided that, so long as at the time of and after giving effect to any such payment no Event of Default shall have occurred and be continuing,
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Samples: Credit Agreement (Beverly Enterprises Inc), Credit Agreement (Beverly Enterprises Inc /De/), Credit Agreement (New Beverly Holdings Inc)
Restricted Payments on Stock. Neither the Borrower nor any of its Subsidiaries shall (x) declare or make any dividend payment or other distribution on any capital stock of the Borrower (other than dividends payable solely in shares of the Borrower's capital stock) or (y) declare or make any payment on account of the purchase, redemption, retirement or acquisition of the Borrower's capital stock; provided that, so long as at the time of and after giving effect to any such payment no Event of Default shall have occurred and be continuing,giving
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