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

Restriction on Redemption and Cash Dividends. So long as any Warrants are outstanding, the Company shall not, directly or indirectly, redeem (other than redemptions from employees or directors of the Company in connection with equity grants under the Company’s equity plans in effect from time to time), or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Required Holders (as defined below).

Appears in 5 contracts

Samples: Securities Purchase Agreement (American Rebel Holdings Inc), Securities Purchase Agreement (American Rebel Holdings Inc), Securities Purchase Agreement (Reliance Global Group, Inc.)

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Restriction on Redemption and Cash Dividends. So long as any Warrants Notes are outstanding, the Company shall not, directly or indirectly, redeem (other than redemptions repurchases of stock from employees former employees, advisors, directors, consultants or directors other persons who provided services on behalf of the Company in connection with equity grants under or a Subsidiary at the Company’s equity plans in effect from time to timeoriginal purchase price thereof), or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Required Holders (as defined below)Buyers.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Atomera Inc), Securities Purchase Agreement (Atomera Inc), Securities Purchase Agreement (Mears Technologies Inc)

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Restriction on Redemption and Cash Dividends. So long as any Warrants Preferred Shares are outstanding, the Company shall not, directly or indirectly, redeem (other than redemptions from employees or directors of the Company in connection with equity grants under the Company’s equity plans in effect from time to time), or declare or pay any cash dividend or distribution on, any securities of the Company without the prior express written consent of the Required Holders (as defined below) (other than as required by the Certificate of Designations).

Appears in 1 contract

Samples: Securities Purchase Agreement (American Virtual Cloud Technologies, Inc.)

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