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, any securities of the Company (other than as required by the Convertible Preferred Certificate of Designations).

Appears in 1 contract

Samples: Securities Purchase and Exchange Agreement (Renovare Environmental, Inc.)

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Restriction on Redemption and Cash Dividends. So long as any Buyer beneficially owns any Preferred Shares are outstandingShares, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate of Designations).

Appears in 1 contract

Samples: Securities Purchase Agreement (Oblong, Inc.)

Restriction on Redemption and Cash Dividends. So long as any Buyer beneficially owns any Preferred Shares are outstandingor Warrants, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Company (other than as required by without the Convertible Preferred Certificate prior express written consent of Designations)the Buyers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Diana Containerships Inc.)

Restriction on Redemption and Cash Dividends. So long as any Preferred Shares are outstandingthe Minimum Ownership Condition exists, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate of Designations).

Appears in 1 contract

Samples: Securities Purchase Agreement (Sigma Labs, Inc.)

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 Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate of DesignationsDesignations or as required by the terms thereof as in effect on the date hereof).

Appears in 1 contract

Samples: Securities Purchase Agreement (Plug Power Inc)

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 Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate of DesignationsDesignation).

Appears in 1 contract

Samples: Securities Purchase Agreement (Asset Entities Inc.)

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 Company without the prior express written consent of the Buyers (other than as required by each of the Convertible Preferred Certificate Certificates of DesignationsDesignation).

Appears in 1 contract

Samples: Securities Purchase Agreement (Vocodia Holdings Corp)

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Restriction on Redemption and Cash Dividends. So long as any Preferred Shares or Preferred Warrants are outstanding, the Company shall not, directly or indirectly, redeem, or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate of Designations).

Appears in 1 contract

Samples: Securities Purchase Agreement (Cero Therapeutics Holdings, Inc.)

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 Company without the prior express written consent of the Buyers (other than as required by the Convertible Preferred Certificate Statement of Designations).

Appears in 1 contract

Samples: Securities Purchase Agreement (DryShips Inc.)

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 Company (other than as required by any of the Convertible Preferred Certificate Securities) without the prior express written consent of Designations)the Buyers.

Appears in 1 contract

Samples: Securities Purchase Agreement (WPCS International Inc)

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 Company (other than as required by without the Convertible Preferred Certificate prior express written consent of Designations)the Buyers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Magnegas Corp)

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