Common use of Dividends and share redemption Clause in Contracts

Dividends and share redemption. (a) Except as permitted under Section 4.09(b), the Parent shall not, and shall not permit any of Restricted Subsidiary to, (i) declare, make or pay any dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind) on, or in respect of its share capital (or any class of its share capital), (ii) repay or distribute any dividend or share premium reserve, (iii) pay any management, advisory or other fee to, or to the order of, any shareholder holding 10% or more of the Equity Interests of the Parent or (iv) redeem, repurchase, defease, retire or repay any of its share capital or resolve to do so (any of the transactions described in clauses (i) through (iv) above, a “Restricted Payment”).

Appears in 4 contracts

Samples: Indenture (CGG), Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.)

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Dividends and share redemption. (a) Except as permitted under Section 4.09(b)paragraph (b) below, the Parent shall not, and shall not permit any ensure that no member of Restricted Subsidiary to, the Group will (i) declare, make or pay any dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind) on, or in respect of of, its share capital (or any class of its share capital), (ii) repay or distribute any dividend or share premium reserve, (iii) pay pay, or allow any member of the Group to pay, any management, advisory or other fee to, or to the order of, any shareholder holding 10% or more of the Equity Interests of the Parent or (iv) redeem, repurchase, defease, retire or repay any of its share capital or resolve to do so (any of the transactions described in clauses (i) through (iv) above, a “Restricted Payment”).

Appears in 3 contracts

Samples: Credit Agreement (CGG), Credit Agreement (CGG), Credit Agreement (CGG Veritas)

Dividends and share redemption. (a) Except as permitted under Section 4.09(b)paragraph (b) below, the Parent shall not, and shall not permit any ensure that no member of Restricted Subsidiary to, the Group will (i) declare, make or pay any dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind) on, or in respect of of, its share capital (or any class of its share capital), ; (ii) repay or distribute any dividend or share premium reserve, ; (iii) pay pay, or allow any member of the Group to pay, any management, advisory or other fee to, or to the order of, any shareholder holding 10% or more of the Equity Interests of the Parent Parent; or (iv) redeem, repurchase, defease, retire or repay any of its share capital or resolve to do so (any of the transactions described in clauses (i) through (iv) above, a “Restricted Payment”).

Appears in 2 contracts

Samples: Credit Agreement (CGG Veritas), Credit Agreement (CGG Veritas)

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Dividends and share redemption. (a) Except as permitted under Section 4.09(b)paragraph (b) below, the Parent shall not, and shall not permit any ensure that no member of Restricted Subsidiary to, the Group will (i) declare, make or Table of Contents pay any dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind) on, or in respect of of, its share capital (or any class of its share capital), (ii) repay or distribute any dividend or share premium reserve, (iii) pay pay, or allow any member of the Group to pay, any management, advisory or other fee to, or to the order of, any shareholder holding 10% or more of the Equity Interests of the Parent or (iv) redeem, repurchase, defease, retire or repay any of its share capital or resolve to do so (any of the transactions described in clauses (i) through (iv) above, a “Restricted Payment”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (CGG)

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