Restriction on Distribution. If the Company fails (for whatever reason) to redeem any Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
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Samples: Shareholders Agreement (Jinxin Technology Holding Co), Shareholders Agreement (Jinxin Technology Holding Co), Shareholders Agreement (Jinxin Technology Holding Co)
Restriction on Distribution. If the Company fails (for whatever reason) to redeem any Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed redeemed, in full, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
Appears in 2 contracts
Samples: Shareholder Agreements (Secoo Holding LTD), Shareholder Agreement (Secoo Holding LTD)
Restriction on Distribution. If the Company fails (for whatever reason) to redeem any Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
Appears in 2 contracts
Samples: Shareholder Agreement (Huami Corp), Shareholder Agreements (BEST Inc.)
Restriction on Distribution. If the Company fails and the Founder fail (for whatever reason) to redeem any Preferred Redeemable Shares on its due date for redemption then, as from such date until the date on which the same are redeemed the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
Appears in 2 contracts
Samples: Shareholders Agreement (Viomi Technology Co., LTD), Shareholders Agreement (Viomi Technology Co., LTD)
Restriction on Distribution. If the Company fails (for whatever reason) to redeem any Series A Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
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Restriction on Distribution. If the Company fails and/or the Founders fail (for whatever reason) to redeem any Preferred Shares on its due date for redemption Redemption then, as from such date until the date on which the same are redeemed redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
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Restriction on Distribution. If the Company fails fail (for whatever reason) to redeem any Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits available for distribution.
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