Common use of Distributions or Dividends Clause in Contracts

Distributions or Dividends. Declare or make, directly or indirectly, any payment or distribution, or incur any liability for the purchase, acquisition, redemption or retirement of any capital stock of the Borrower or as a dividend, return of capital or other payment or distribution of any kind to a shareholder of the Borrower or any affiliate of the Borrower (other than any stock dividend or stock split or similar distribution payable only in capital stock of the Borrower) in respect of the Borrower's capital stock.

Appears in 4 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp)

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Distributions or Dividends. Declare or make, directly or indirectly, any payment or distribution, or incur any liability for the purchase, acquisition, redemption or retirement of any capital stock partnership interest of the Borrower or as a dividend, return of capital or other payment or distribution of any kind to a shareholder partner of the Borrower or any affiliate of the Borrower (other than any stock dividend or stock split or similar distribution payable only in capital stock of the Borrower) in respect of the Borrower's capital stockcapital.

Appears in 2 contracts

Samples: Loan Agreement (Paxson Communications Corp), Loan Agreement (Paxson Communications Corp)

Distributions or Dividends. Declare or make, directly or -------------------------- indirectly, any payment or distributiondistribution to any of the shareholders of Borrower, or incur any liability for the purchase, acquisition, redemption or retirement of any capital stock of the Borrower or as a dividend, return of capital or other payment or distribution of any kind to a any shareholder of the Borrower or any other affiliate of the Borrower (other than any stock dividend or stock split or similar distribution payable only in capital stock of the Borrower) in respect of the Borrower's capital stock.

Appears in 1 contract

Samples: Loan Agreement (Medcross Inc)

Distributions or Dividends. Declare or make, directly or indirectly, any payment or distribution, or incur any liability for the purchase, acquisition, redemption or retirement of any capital stock of the Borrower or the Subsidiary or as a dividend, return of capital or other payment or distribution of any kind to a shareholder of the Borrower or any affiliate of the Borrower (other than any stock dividend or stock split or similar distribution payable only in capital stock of the BorrowerBorrower or the Subsidiary) in respect of the Borrower's or the Subsidiary's capital stock.

Appears in 1 contract

Samples: Loan Agreement (Paxson Communications Corp)

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Distributions or Dividends. Declare Other than with respect to the Rights Offering, declare or make, directly or indirectly, any payment or distributiondistribution to any of the shareholders of Borrower, or incur any liability for the purchase, acquisition, redemption or retirement of any capital stock of the Borrower or as a dividend, return of capital or other payment or distribution of any kind to a any shareholder of the Borrower or any other affiliate of the Borrower (other than any stock dividend or stock split or similar distribution payable only in capital stock of the Borrower) in respect of the Borrower's capital stock.

Appears in 1 contract

Samples: Loan Agreement (I Link Inc)

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