Restriction on Dividends. The Maker shall not, and shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to pay dividends or distributions to the Maker, pay any indebtedness owed to the Maker or transfer any properties or assets to the Maker
Appears in 6 contracts
Samples: Securities Purchase Agreement (Neoprobe Corp), Convertible Promissory Note (Neoprobe Corp), Convertible Promissory Note (Neoprobe Corp)
Restriction on Dividends. The Maker shall not, and shall not permit any Subsidiary Guarantor to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary Guarantor to pay dividends or distributions to the Maker, pay any indebtedness owed to the Maker or transfer any properties or assets to the Maker.
Appears in 5 contracts
Samples: Senior Convertible Promissory Note (Urigen Pharmaceuticals, Inc.), Senior Convertible Promissory Note (Urigen Pharmaceuticals, Inc.), Senior Secured Convertible Promissory Note (Urigen Pharmaceuticals, Inc.)
Restriction on Dividends. The Maker shall not, and shall not permit any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to pay dividends or distributions to the Maker, pay any indebtedness owed to the Maker or transfer any properties or assets to the Maker.
Appears in 4 contracts
Samples: Senior Secured Convertible Promissory Note (VistaGen Therapeutics, Inc.), Senior Secured Convertible Promissory Note (Cordex Pharma, Inc.), Senior Secured Convertible Promissory Note (Cordex Pharma, Inc.)
