Stock Redemption. Borrower will not redeem or purchase any of its outstanding capital stock, warrants in favor of anyone other than DFS, or stock options or convert or permit such stock, warrants or options to be converted into cash, nor has or shall Borrower guaranty to any of its shareholders any minimum stock price or valuation.
Appears in 3 contracts
Samples: Loan and Security Agreement (Rdo Equipment Co), Credit and Security Agreement (Elcom International Inc), Credit and Security Agreement (Creative Computers Inc)
Stock Redemption. Borrower will not redeem or purchase any of its outstanding capital stock, warrants in favor of anyone other than DFS, or stock options or convert or permit such stock, warrants or options to be converted into cash, nor has or shall Borrower guaranty to any of its shareholders any minimum stock price or valuationvaluation other than in connection with the option plan and the stock redemption plan described on Exhibit 8.16.
Appears in 1 contract
Samples: Credit and Security Agreement (Creative Computers Inc)
Stock Redemption. Borrower will not redeem or purchase any of its outstanding capital stock, warrants in favor of anyone other than DFSwarrants, or stock options or convert or permit such stock, warrants or options to be converted into cash, nor has or shall Borrower guaranty to any of its shareholders any minimum stock price or valuation...
Appears in 1 contract
Samples: Business Credit and Security Agreement (Government Technology Services Inc)
