Common use of Restriction on Dividends and Repurchases Clause in Contracts

Restriction on Dividends and Repurchases. (a) Prior to the earlier of (x) the third anniversary of the Closing Date and (y) the date on which the Preferred Shares have been redeemed in whole or the Investor has transferred all of the Preferred Shares to third parties which are not Affiliates of the Investor, neither the Company nor any Company Subsidiary shall, without the consent of the Investor:

Appears in 36 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement (Salisbury Bancorp Inc)

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Restriction on Dividends and Repurchases. (a) Prior a)Prior to the earlier of (x) the third anniversary of the Closing Date and (y) the date on which the Preferred Shares have been redeemed in whole or the Investor has transferred all of the Preferred Shares to third parties which are not Affiliates of the Investor, neither the Company nor any Company Subsidiary shall, without the consent of the Investor:

Appears in 3 contracts

Samples: Letter Agreement (Community Bank Shares of Indiana Inc), Letter Agreement (Community Bank Shares of Indiana Inc), Letter Agreement (Community Bank Shares of Indiana Inc)

Restriction on Dividends and Repurchases. (a) Prior to the earlier of (x) the third anniversary of the Closing Date and (y) the date on which the Preferred Shares have been redeemed in whole or the Investor has Investors have transferred all of the Preferred Shares to third parties which are not Affiliates of the such Investor, neither the Company nor any Company Subsidiary shall, without the consent of the InvestorInvestors:

Appears in 1 contract

Samples: Securities Purchase Agreement (Citigroup Inc)

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Restriction on Dividends and Repurchases. (a) Prior to the earlier of (x) the third fifth anniversary of the Closing Date and (y) the date on which the Preferred Shares have Stock has been redeemed in whole or the Investor has transferred all of the Preferred Shares Stock to third parties which are not Affiliates of the Investor, neither the Company nor any Company Subsidiary shall, without the consent of the Investor:

Appears in 1 contract

Samples: Securities Purchase Agreement (American International Group Inc)

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