RETIREMENT OF STOCK. Borrower shall not redeem or retire, or permit any of its Subsidiaries to redeem or retire, any share of its capital stock.
RETIREMENT OF STOCK. The Company will not, nor will it permit any of its Subsidiaries to, acquire or retire any shares of its capital stock except for value.
RETIREMENT OF STOCK. Without consent of Bank, between September 13, 1996 and September 30, 1997, Borrower will not acquire, redeem, purchase, or retire more than Five Million Dollars ($5,000,000) of its capital stock for value whether now or hereafter outstanding; or grant or issue any equity or security or warrant, right, or option pertaining thereto except as set forth in Section 3.13 and as approved by Bank in writing. From October 1, 1997, without consent of Bank, Borrower will not acquire, redeem, purchase, or retire any share of its capital stock for value whether now or hereafter outstanding; or grant or issue any equity or security or warrant, right, or option pertaining thereto except as set forth in Section 3.13 and as approved by Bank in writing.
RETIREMENT OF STOCK. Borrower will not expend in excess ten million dollars ($10,000,000) in connection with the acquisition or retirement of any shares of its capital stock for value.
RETIREMENT OF STOCK. Retire or cancel, in compliance with all Applicable Law, all Capital Stock of the Borrower repurchased pursuant to the Tender Offer.
RETIREMENT OF STOCK. At the Closing, the ABCC Escrowees shall deliver to WTV, certificates representing 12,846,215 shares of pre-split ABCC Common Stock, duly endorsed, which ABCC shall be authorized to retire and return to treasury.
RETIREMENT OF STOCK. The Company covenants and agrees with TJS that immediately after the consummation of the Closing, the Company (a) shall retire, by resolution of its Board of Directors in accordance with Section 243 of the Delaware General Corporation Law, all of its issued but then not outstanding shares of (i) Convertible Preferred Stock and (ii) the Redeemable Preferred Stock; and (b) shall effect a reduction to zero of the number of the authorized shares of such classes of capital stock and shall take such actions as are necessary under Delaware law to completely eliminate such classes of capital stock; provided, however, that the Company shall not effect a corresponding reduction in the aggregate number of shares of preferred stock it is authorized to issue.
RETIREMENT OF STOCK. Borrower will not acquire or retire any share of its capital stock for value, except to the extent that such purchases do not exceed Two Million Dollars ($2,000,000) in the aggregate.
RETIREMENT OF STOCK. Borrowers will not and shall cause Guarantor to not acquire or retire any share of its capital stock for value except as such action is approved by Guarantor’s board of directors and is disclosed to Bank prior to the execution of such action.
