Common use of Restriction on Redemption and Cash Dividends Clause in Contracts

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required Purchasers.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Car Charging Group, Inc.), Securities Purchase Agreement (Car Charging Group, Inc.), Securities Purchase Agreement (Car Charging Group, Inc.)

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Restriction on Redemption and Cash Dividends. So long as any shares of Preferred Shares Stock are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Common Stock Company without the prior express written consent of the Required PurchasersInvestors.

Appears in 2 contracts

Samples: Placement Agent Agreement (Freeseas Inc.), Placement Agent Agreement (Freeseas Inc.)

Restriction on Redemption and Cash Dividends. So long as any shares of Preferred Shares Stock are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Common Stock Company (other than any of the Securities) without the prior express written consent of the Required PurchasersBuyers.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Novadel Pharma Inc), Securities Purchase Agreement (Novadel Pharma Inc)

Restriction on Redemption and Cash Dividends. So long as any shares of Preferred Shares Stock are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required PurchasersHolders (as defined in the Certificate of Determination).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Nutracea), Exchange Agreement (Nutracea)

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required Purchasersholders of at least a majority of the Preferred Shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (I2 Telecom International Inc), Securities Purchase Agreement (Integrated Biopharma Inc)

Restriction on Redemption and Cash Dividends. So long as any shares of Preferred Shares Stock are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Common Stock Company without the prior express written consent of the Required PurchasersBuyers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Freeseas Inc.)

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares are outstandingheld by the Investor, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required PurchasersInvestor.

Appears in 1 contract

Samples: Share Purchase Agreement (I/Omagic Corp)

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Restriction on Redemption and Cash Dividends. So long as any Preferred Shares are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Common Stock Company without the prior express written consent of the Required PurchasersBuyers (other than as required by any Statement of Designations or any shares of Preferred Stock outstanding as of the date hereof (in accordance with the terms thereof in effect as of the date hereof or redemptions with respect to the Company's Series D Preferred Shares)).

Appears in 1 contract

Samples: Securities Purchase Agreement (DryShips Inc.)

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares or AIR are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required Purchasersholders of at least a majority of the Preferred Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (I2 Telecom International Inc)

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares at least the Required Warrants are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, the Common Stock without the prior express written consent of the Required Purchasersholders of Warrants representing not less than a majority of the aggregate principal amount of the then outstanding Warrants.

Appears in 1 contract

Samples: Securities Purchase Agreement (Flagship Global Health, Inc.)

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