Dividends; Changes in Stock. No party shall, nor shall any party permit any of its subsidiaries to, nor shall any party propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, (ii) split, combine or reclassify any of its capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for shares of its capital stock or (iii) repurchase or otherwise acquire, or permit any subsidiary to purchase or otherwise acquire, any shares of its capital stock.
Appears in 7 contracts
Sources: Merger Agreement (Stone Pine Colorado LLC), Merger Agreement (Consolidated Capital of North America Inc), Merger Agreement (Sound Designs Inc)
Dividends; Changes in Stock. No Each party shall, nor shall any party permit any of its subsidiaries to, nor not and shall any party not propose to, to (ia) declare or pay any dividends on or make other distributions in respect of any of its their capital stock, (iib) split, combine or reclassify any of its capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for shares of its their capital stock stock, or (iiic) repurchase or otherwise acquire, or permit any subsidiary to purchase or otherwise acquire, acquire any shares of its capital stock or rights to acquire any shares of their capital stock.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Prospect Medical Holdings Inc)