Restrictions on Dividends, Redemptions, etc Sample Clauses

Restrictions on Dividends, Redemptions, etc. So long as the Common Equity, as reflected on the consolidated balance sheet of the Company at the end of each fiscal year, is less than $2,000,000, or if an Event of Default shall have occurred and be continuing, the Company will not (i) declare or pay any dividend or make any distribution on its Equity Securities (other than dividends or distributions payable in shares of Equity Securities of the Company); (ii) purchase, redeem or otherwise acquire or retire for value any shares of Equity Securities of the Company; or (iii) permit any Subsidiary to purchase, redeem or otherwise acquire or retire for value any shares of Equity Securities of the Company. Otherwise, the Company may declare and pay dividends on, make distributions on, and purchase, redeem or otherwise acquire or retire for value shares of its Equity Securities. Section 8.08.
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Restrictions on Dividends, Redemptions, etc. The Company shall not, and shall cause any of its subsidiaries not to, (i) declare or pay any dividend or make any other distribution on any equity securities of the Company, except dividends or distributions payable in equity securities of the Company or (ii) purchase, redeem or otherwise acquire or retire for value any equity securities of the Company, except equity securities acquired upon conversion thereof into other equity securities of the Company.
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Restrictions on Dividends, Redemptions, etc. The Maker shall not, and shall cause its subsidiaries (other than wholly-owned Subsidiaries) not to, (i) declare or pay any dividend or make any other distribution on any equity Securities of the Maker, except dividends or distributions payable in equity Securities of the Maker or (ii) purchase, redeem or otherwise acquire or retire for value any equity Securities of the Maker, except equity Securities acquired upon conversion thereof into other equity Securities of the Maker.
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Restrictions on Dividends, Redemptions, etc. (a) The Company will not (1) declare or pay any dividend or make any other distribution on any Equity Securities of the Company, except dividends or distributions payable in Equity Securities of the Company, or (2) purchase, redeem or otherwise acquire or retire for value any Equity Securities of the Company, except (and provided all other covenants of this Indenture are complied with) Equity Securities acquired upon conversion thereof into other Equity Securities of the Company or pursuant to an insurance funded buy-sell agreement covering the death or disability of a shareholder of the Company, or pursuant to a buy- sell agreement during the life time of a shareholder of the Company if purchased under a debt obligation which is Subordinated Indebtedness of the Company with a minimum term of five years with equal annual payments (a "Buy-Sell Debt Obligation"), or (3) permit a Subsidiary to purchase, redeem or otherwise acquire or retire for value any Equity Securities of the Company, if, upon giving effect to such dividend, purchase, redemption or the acquisition, the aggregate amount expended for all such purposes subsequent to December 31, 1995 would exceed the sum of
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Restrictions on Dividends, Redemptions, etc. Company hereby agrees that to the extent it declares or pays any cash dividend before the Outstanding Gross Aggregate Principal Amount of this Note, as may be adjusted, is paid in full, Company shall make a Voluntary Partial Prepayment to Holder in an amount equal to the aggregate amount of such cash dividends.
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Restrictions on Dividends, Redemptions, etc. (a) The Company will not (1) declare or pay any dividend or make any other distribution on any Capital Stock of the Company, except dividends or distributions payable in Capital Stock of the Company.
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Restrictions on Dividends, Redemptions, etc. The Company will not, and will cause its subsidiaries (other than wholly-owned subsidiaries) not to, (i) declare or pay any dividend or make any other distribution on any equity securities of the Company, except
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Related to Restrictions on Dividends, Redemptions, etc

  • Restrictions on Dividends So long as any shares of the Series C Preferred Stock are outstanding, the Board of Directors shall not declare, and the Corporation shall not pay or set apart for payment any dividend on any Junior Securities or make any payment on account of, or set apart for payment money for a sinking or other similar fund for, the repurchase, redemption or other retirement of, any Junior Securities or Parity Securities or any warrants, rights or options exercisable for or convertible into any Junior Securities or Parity Securities (other than the repurchase, redemption or other retirement of debentures or other debt securities that are convertible or exchangeable into any Junior Securities or Parity Securities), or make any distribution in respect of the Junior Securities, either directly or indirectly, and whether in cash, obligations or shares of the Corporation or other property (other than distributions or dividends in Junior Securities to the holders of Junior Securities), and shall not permit any corporation or other entity directly or indirectly controlled by the Corporation to purchase or redeem any Junior Securities or Parity Securities or any warrants, rights, calls or options exercisable for or convertible into any Junior Securities or Parity Securities (other than the repurchase, redemption or other retirement of debentures or other debt securities that are convertible or exchangeable into any Junior Securities or Parity Securities or the repurchase, redemption or other retirement of Junior Securities or Parity Securities in exchange for Junior Securities or Parity Securities) unless prior to or concurrently with such declaration, payment, setting apart for payment, repurchase, redemption or other retirement or distribution, as the case may be, all accumulated and unpaid dividends on shares of the Series C Preferred Stock not paid on the dates provided for in paragraph A of Article III hereof (including Arrearages and accumulated dividends thereon) shall have been paid, except that when dividends are not paid in full as aforesaid upon the shares of Series C Preferred Stock, all dividends declared on the Series C Preferred Stock and any series of Parity Dividend Securities shall be declared and paid pro rata so that the amount of dividends so declared and paid on Series C Preferred Stock and such series of Parity Dividend Securities shall in all cases bear to each other the same ratio that accumulated dividends (including interest accrued on or additional dividends accumulated in respect of such accumulated dividends) on the shares of Series C Preferred Stock and such Parity Dividend Securities bear to each other.

  • Restrictions on Redemption The Company may not redeem any Notes on any date if the principal amount of the Notes has been accelerated in accordance with the terms of this Indenture, and such acceleration has not been rescinded, on or prior to the Redemption Date (except in the case of an acceleration resulting from a Default by the Company in the payment of the Redemption Price with respect to such Notes).

  • No Restrictions on Dividends Neither the Company nor any of its subsidiaries is a party to or otherwise bound by any instrument or agreement that limits or prohibits or could limit or prohibit, directly or indirectly, the Company from paying any dividends or making other distributions on its capital stock, and no subsidiary of the Company is a party to or otherwise bound by any instrument or agreement that limits or prohibits or could limit or prohibit, directly or indirectly, any subsidiary of the Company from paying any dividends or making any other distributions on its capital stock, limited or general partnership interests, limited liability company interests, or other equity interests, as the case may be, or from repaying any loans or advances from, or (except for instruments or agreements that by their express terms prohibit the transfer or assignment thereof or of any rights thereunder) transferring any of its properties or assets to, the Company or any other subsidiary, in each case except as described in the Registration Statement, the General Disclosure Package and the Prospectus.

  • Dividends and Redemptions 70 8.12 Transactions with Affiliates ......................................................... 70 8.13

  • Limitations on Dividends and Distributions Declare or pay any dividends upon any of its Capital Stock; purchase, redeem, retire or otherwise acquire, directly or indirectly, any shares of its Capital Stock, or make any distribution of cash, property or assets among the holders of shares of its Capital Stock, or make any change in its capital structure which such change in its capital structure could reasonably be expected to have a Material Adverse Effect; provided that:

  • Restriction on Redemption and Cash Dividends So long as any Notes 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.

  • Dividends, Distributions and Redemptions To enable each Fund to pay dividends or other distributions to shareholders of each such Fund and to make payment to shareholders who have requested repurchase or redemption of their shares of each such Fund (collectively, the "Shares"), the Custodian shall release cash or Securities insofar as available. In the case of cash, the Custodian shall, upon the receipt of Instructions, transfer such funds by check or wire transfer to any account at any bank or trust company designated by each such Fund in such Instructions. In the case of Securities, the Custodian shall, upon the receipt of Special Instructions, make such transfer to any entity or account designated by each such Fund in such Special Instructions.

  • Dividends and Redemption Price After receipt of the Federal Funds or similar same-day funds and instructions from the Fund described in Section 3.3 above, the Paying Agent shall pay to the Holders (or former Holders) entitled thereto (i) on each Dividend Payment Date, dividends on the AMPS, and (ii) on any date fixed for redemption, the redemption price of any shares of AMPS called for redemption. The amount of dividends for any Dividend Period to be paid by the Paying Agent to Holders will be determined by the Fund as set forth in Section 2 of Part I of the Articles Supplementary. The redemption price to be paid by the Paying Agent to the Holders of any shares of AMPS called for redemption will be determined as set forth in Section 3 of Part I of the Articles Supplementary. The Paying Agent shall have no duty to determine the redemption price and may rely on the amount thereof set forth in the Notice of Redemption.

  • Limitations on Dividends and Other Payment Restrictions Affecting Subsidiaries Create or otherwise cause, incur, assume, suffer or permit to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of any Loan Party (i) to pay dividends or to make any other distribution on any shares of Equity Interests of such Subsidiary owned by any Loan Party or any of its Subsidiaries, (ii) to pay or prepay or to subordinate any Indebtedness owed to any Loan Party or any of its Subsidiaries, (iii) to make loans or advances to any Loan Party or any of its Subsidiaries or (iv) to transfer any of its property or assets to any Loan Party or any of its Subsidiaries, or permit any of its Subsidiaries to do any of the foregoing; provided, however, that nothing in any of clauses (i) through (iv) of this Section 7.02(k) shall prohibit or restrict compliance with:

  • Dividends and share redemption (a) Except as permitted under paragraph (b) below, the Company shall not (and will ensure that no other member of the Group will):

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