Common use of Share capital and distribution Clause in Contracts

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: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Seanergy Maritime Holdings Corp.), Agreement (NewLead Holdings Ltd.)

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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 Provided however that each Borrower shall be entitled to declare or pay cash dividends to the Shareholder if no Event of Default has occurred and is continuing at the time of declaration or payment of such dividends, nor would result from the declaration or payment of such dividends;

Appears in 4 contracts

Samples: Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

Share capital and distribution. (a) subject to paragraph (b) below, 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 4 contracts

Samples: Facility Agreement (Freeseas Inc.), Loan Agreement (Globus Maritime LTD), Agreement (FreeSeas 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 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: Tenth Supplemental 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. (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 present or future assets, undertakings, rights or revenues to any of their its shareholders;; or

Appears in 3 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility 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: Junior Loan Agreement (FreeSeas Inc.), Agreement (FreeSeas Inc.)

Share capital and distribution. (a) 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 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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.), Agreement (Top Tankers 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: Agreement (Aegean Marine Petroleum Network Inc.), 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 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 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: Agreement (Paragon Shipping Inc.), Credit Agreement (DryShips 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: Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

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: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

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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;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: Agreement (Top Tankers 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, undertakingsundertaking, rights or revenues to any of their its shareholders;

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings 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, 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

Appears in 1 contract

Samples: Second Supplemental 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, undertakingsundertaking, rights or revenues to any of their its shareholders;, if at the time of any such action an Event of Default has occurred, or if an Event of Default would occur as a result of the same; and

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping 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: Supplemental Agreement (Aegean Marine Petroleum Network 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

Samples: Loan Agreement (Globus Maritime LTD)

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

Samples: Agreement (NewLead Holdings Ltd.)

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