Common use of Dividends, Distributions and Redemptions Clause in Contracts

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.

Appears in 9 contracts

Samples: Credit Agreement (Atlas Pipeline Holdings, L.P.), Revolving Credit Agreement (Atlas Pipeline Partners Lp), Revolving Credit and Term Loan Agreement (Atlas America Inc)

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Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of Default has occurred and is continuing or would occur as a result of such distributionstockholders.

Appears in 7 contracts

Samples: Lien Credit Agreement (Crimson Exploration Inc.), Credit Agreement (Mission Resources Corp), Term Loan Agreement (Mission Resources Corp)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders stockholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Atlas Energy Resources, LLC), Security Agreement (Atlas America Series 27-2006 LP), Revolving Credit Agreement (Atlas Resources Public #16-2007 (B) L.P.)

Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its unitholders stockholders or make any distribution of its assets to its unitholders if an Event of stockholders except (so long as no Default has occurred and is continuing or would occur continuing) as a result of such distribution.follows:

Appears in 2 contracts

Samples: Credit Agreement (Howell Corp /De/), Credit Agreement (Howell Corp /De/)

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Dividends, Distributions and Redemptions. The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock partnership interests now or hereafter outstanding, return any capital to its unitholders partners or make any distribution of its assets to its unitholders if an Event of partners, except that the Borrower may make distributions to its partners provided that no Default has shall have occurred and is be continuing or would occur as a result of from such distribution.

Appears in 1 contract

Samples: Assignment Agreement (Kinder Morgan Energy Partners Lp)

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