Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings, rights or revenues to any of their shareholders;
Appears in 6 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (NewLead Holdings Ltd.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their other present or future assets, undertakings, rights or revenues to any of their shareholdersshareholders or, following an Event of Default or if an Event of Default is likely to occur as a result thereof, declare or pay any dividends;
Appears in 4 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their other present or future assets, undertakings, rights or revenues to any of their shareholdersshareholders or, following a Default, declare or pay any dividends;
Appears in 2 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings, rights or revenues to any of their shareholdersshareholders or declare or pay any dividends if a Default shall have occurred at the time of declaration or payment of such dividends or would occur as a result thereof;
Appears in 2 contracts
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or declare or pay any dividends or distribute any of their its present or future assets, undertakings, undertaking rights or revenues to any of their shareholdersits shareholders if a Default has occurred at the time of declaration or payment of such dividends or would occur as a result thereof;
Appears in 2 contracts
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakingsundertaking, rights or revenues or, following an Event of Default, declare or pay any dividends to any of their shareholders;
Appears in 2 contracts
Samples: Senior Loan Agreement (FreeSeas Inc.), Junior Loan Agreement (FreeSeas Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or declare or pay any dividends or distribute any of their its present or future assets, undertakings, rights or revenues to any of their shareholdersits shareholders or pay any dividends (save for dividends paid with the prior written consent of the Bank);
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or stock or declare or pay any dividends or distribute any of their its present or future assets, undertakings, rights or revenues to any of their shareholders;its shareholders and will procure that the Owners will not acquire for value any shares of its capital or stock or declare or pay any dividends or distribute any of its present or future assets, undertakings rights or revenues to any of its shareholders following the occurrence of a Default or if the same would result in a Default occurring; or
Appears in 2 contracts
Samples: Supplemental Agreement (Top Ships Inc.), Facilities Agreement (Top Tankers Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or or, following a Default, declare or pay any dividends or distribute any of their its present or future assets, undertakings, rights or revenues to any of their its shareholders;
Appears in 2 contracts
Samples: Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or or, following a Default (and while it is continuing), declare or pay any dividends or distribute any of their its present or future assets, undertakingsundertaking, rights or revenues to any of their its shareholders;
Appears in 2 contracts
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or or, following the occurrence of an Event of Default which is continuing, declare or pay any dividends or distribute any of their its present or future assets, undertakings, undertaking rights or revenues to any of their its shareholders;
Appears in 1 contract
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or declare or pay any dividends or distribute any of their its present or future assets, undertakings, rights or revenues to any of their its shareholders;
Appears in 1 contract
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or declare or pay any dividends or distribute any of their its present or future assets, undertakingsundertaking, rights or revenues to any of their its shareholders;
Appears in 1 contract
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings, rights or revenues to any of their shareholders;shareholders and will procure that the Corporate Guarantor will not acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings rights or revenues to any of their shareholders following the occurrence of a Default or if the same would result in a Default occurring; or
Appears in 1 contract
Samples: Loan Agreement (Top Tankers Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their its capital or or, following the occurrence of an Event of Default which is continuing, declare or pay any dividends or distribute any of their its present or future assets, undertakings, undertaking rights or revenues to any of their its shareholders;; or
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their other present or future assets, undertakings, rights or of revenues to any of their shareholdersshareholders or, following an Event of Default, declare or pay any dividends;
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings, rights or revenues to any of their shareholders;its capital; or
Appears in 1 contract
Share capital and distribution. purchase or otherwise acquire for value any shares of their capital or declare or pay any dividends or distribute any of their present or future assets, undertakings, rights or revenues to any of their shareholders, or declare or pay any dividends to their shareholders if an Event of Default shall have occurred and be subsisting at the time of declaration or payment of such dividends or would occur as a result thereof;
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Share capital and distribution. (a) purchase or otherwise acquire for value any shares of their its capital or declare or pay any dividends or distribute any of their its other present or future assets, undertakingsundertaking, rights or revenues to any of their its shareholders;; or
(b) declare or pay any dividends to any of its shareholders if an Event of Default has occurred or will or, in the opinion of the Bank, is likely to occur as a result of, or following, the declaration or payment of dividends.
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)