Corporate Undertakings. Where the Borrower is a corporation, it shall not, without BDC's prior written consent: a) issue, purchase or redeem its shares; b) permit any of its shareholders to sell, transfer or dispose of its shares; c) declare or pay any dividends on any of its issued shares.
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Corporate Undertakings. Where the Borrower is a corporation, it shall not, without BDCthe Bank's prior written consent:
(a) issue, purchase or redeem its shares;
(b) permit any of its shareholders to sell, transfer or dispose of its shares;
(c) declare or pay any dividends on any of its issued shares;
(d) amend its capital structure.
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Corporate Undertakings. Where the Borrower is a corporation, it shall not, without BDC's prior written consent:
a) issue, purchase or redeem its shares;
b) permit any of its shareholders to sell, transfer or dispose of its shares;
c) declare or pay any dividends on any of its issued shares;
d) amend its capital structure.
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