Common use of Restrictions on Dividends Clause in Contracts

Restrictions on Dividends. The Company covenants that, so long as any of the Securities are outstanding, it shall not declare or pay any dividends or other payments of cash or other property solely on account of its capital stock to its common or preferred stockholders (other than any dividend payable in shares of or rights to acquire shares of the Company’s capital stock on a pro rata basis to all stockholders), unless no Event of Default specified under Section 6.1(a) or (b) then exists or would exist immediately following the declaration or payment of such dividend or other payment.

Restrictions on Dividends. The Company covenants that, so long as any of the Securities are outstanding, it shall not declare or pay any dividends or other payments of cash or other property solely on account of its capital stock to its common or preferred stockholders (other than any dividend payable in shares of or rights to acquire shares of the Company’s capital stock on a pro rata basis to all stockholders), unless no Default or Event of Default specified under Section 6.1(a) or (b) with respect to the Securities then exists or would exist immediately following the declaration or payment of such dividend or other payment.

Restrictions on Dividends. The Company covenants that, so long as any of the Securities are outstanding, it shall not declare or pay any cash dividends or other payments of cash or other property solely on account of its capital stock to its common or preferred stockholders (other than any dividend payable in shares of or rights to acquire shares of the Company’s capital stock on a pro rata basis to all stockholders), unless no Default or Event of Default specified under Section 6.1(a) or (b) with respect to the Securities then exists or would exist immediately following the declaration or payment of such dividend or other payment.