Common use of Dividends; Capital Stock Clause in Contracts

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided that any Guarantor may pay dividends to the Borrower and to any other Guarantor that is its direct parent.

Appears in 5 contracts

Samples: Revolving Credit and Guaranty Agreement (Kmart Corp), Credit and Guaranty Agreement (Act Manufacturing Inc), Credit and Guaranty Agreement (Kasper a S L LTD)

AutoNDA by SimpleDocs

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided PROVIDED that any Guarantor may pay dividends to the Borrower and to any other Guarantor that is its direct parent.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Polymer Group Inc), Credit and Guaranty Agreement (LTV Corp)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided ; PROVIDED that any Guarantor subsidiary of the Borrower may pay dividends to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 2 contracts

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc), Credit and Guaranty Agreement (Bradlees Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided that any Guarantor may pay dividends to the Borrower and or to any other Guarantor that is its direct parentGuarantor.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Marvel Entertainment Group Inc), Credit and Guaranty Agreement (Brunos Inc)

Dividends; Capital Stock. Declare or pay, directly or ------------------------ indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided that any Guarantor may pay dividends to the Borrower and or to any other Guarantor that is its direct parentGuarantor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Brunos Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, ; provided that any Guarantor subsidiary of the Borrower may pay dividends to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Caldor Corp)

Dividends; Capital Stock. Declare or pay, directly or ------------------------ indirectly, any dividends or make any other distribution or paymentpayment (by way of repurchase or otherwise), whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, ; provided that any Guarantor Subsidiary of the Borrower may pay -------- dividends to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (New Horizons of Yonkers Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution distribution, or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided ; PROVIDED that any Guarantor may pay dividends to another Guarantor or to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Us Office Products Co)

AutoNDA by SimpleDocs

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided that any Subsidiary Guarantor may pay dividends to the Borrower and to any other Subsidiary Guarantor that is its direct parent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Danielson Holding Corp)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution distribution, or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided that any Guarantor may pay dividends to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Laroche Industries Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, ; provided that any Guarantor Borrower may pay dividends to the Borrower and to any other Guarantor that is its direct parentanother Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Healthcare Group Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or payment, whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of its capital stock (or any options, warrants, rights or other equity securities or agreements relating to any of its capital stock), or set apart any sum for the aforesaid purposes, provided PROVIDED that any Guarantor may pay dividends or make any other such distribution or payments to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Paragon Trade Brands Inc)

Dividends; Capital Stock. Declare or pay, directly or indirectly, any dividends or make any other distribution or paymentpayment (by way of repurchase or otherwise), whether in cash, property, securities or a combination thereof, with respect to (whether by reduction of capital or otherwise) any shares of capital stock (or any options, warrants, rights or other equity securities or agreements relating to any capital stock), or set apart any sum for the aforesaid purposes, provided ; PROVIDED that any Guarantor Subsidiary of the Borrower may pay dividends to the Borrower and to any other Guarantor that is its direct parentBorrower.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Bradlees Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.