Common use of Dividends and Related Distributions Clause in Contracts

Dividends and Related Distributions. The Company shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its shares of capital stock or partnership interests or on account of the purchase, redemption, retirement or acquisition of its shares of capital stock (or warrants, options or rights therefor) (collectively, "Distributions"), except:

Appears in 4 contracts

Samples: Multicurrency Credit Agreement (Borders Group Inc), Credit Agreement (Borders Group Inc), Credit Agreement (Borders Group Inc)

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Dividends and Related Distributions. The Company shall not, and shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities or otherwise) on account of or in respect of its shares of capital stock or partnership interests or on account of the purchase, redemption, retirement or acquisition of its shares of capital stock (or warrants, options or rights therefor) (collectively, "Distributions"), except:unless no Event of Default under Section 8.1.1 shall have occurred and be continuing at the time of such dividend or distribution.

Appears in 2 contracts

Samples: Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp)

Dividends and Related Distributions. The Company shall not, and shall not permit any of its Subsidiaries to, declare or make or payany Stock Payment, or agree to agree, become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities contingently or otherwise) on account of or in respect of its shares of capital stock or partnership interests or on account to do any of the purchaseforegoing, redemption, retirement except for dividends and required redemption payments payable to holders of Series A Preferred Stock or acquisition of its shares of capital stock (or warrants, options or rights therefor) (collectively, "Distributions"), except:to a Credit Party.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Analex Corp)

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Dividends and Related Distributions. The Company shall not, and shall not permit any of its Subsidiaries to, declare or make or payany Stock Payment, or agree to agree, become or remain liable to make or pay, any dividend or other distribution of any nature (whether in cash, property, securities contingently or otherwise) on account of or in respect of its shares of capital stock or partnership interests or on account to do any of the purchaseforegoing, redemptionexcept for dividends, retirement required redemption payments payable to holders of Series A Preferred Stock or acquisition Series B Preferred Stock or to a Credit Party and on exercise or conversion of its shares of capital stock (or warrants, options or rights therefor) (collectively, "Distributions"), except:the Securities and securities issued pursuant to the Series A Purchase Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Analex Corp)

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