Dividends or Investments. The Borrower shall not:
Dividends or Investments. Without the prior written consent of the Lender, the Borrower shall not:
Dividends or Investments. No Loan Party shall:
Dividends or Investments. The Obligors shall not:
Dividends or Investments. Except as otherwise provided in the Business Plan, the Borrowers shall not:
Dividends or Investments. The Borrower and the GTS Consolidated Group shall not, without Lender's approval, which shall not be unreasonably withheld, if any of the following is in accordance with the Business Plan:
Dividends or Investments. No Borrower shall (a) Pay any cash dividend or make any other distribution in respect of any class of such Borrower's capital stock. (b) Own, redeem, retire, purchase, or acquire any of such Borrower's capital stock. (c) Invest in or purchase any stock or securities or rights to purchase any such stock or securities, of any corporation or other entity. (d) Merge or consolidate or be merged or consolidated with or into any other corporation or other entity. (e) Consolidate any of the Borrower's operations with those of any other corporation or other entity. (f) Organize or create any Related Entity, unless (i) the Related Entity executes a guaranty of the Liabilities and grants the Lender first perfected liens on its assets, and (ii) the stock of such Related Entity -56-
Dividends or Investments. Until all amounts under the Loan shall have been paid in full, the Borrower shall not: (a) pay any dividend, other than a common stock dividend of the Borrower's own capital stock;
Dividends or Investments. No Principal Borrower shall without consent of Lender, which consent shall not be unreasonably withheld
Dividends or Investments. 26 5-20 Loans ........................................................... 27 5-21 Protection of Assets ............................................ 27 5-22 Line of Business ................................................ 27 5-23 Affiliate Transactions .......................................... 27 5-24 Executive Pay ................................................... 28 5-25 Additional Assurances ........................................... 28 5-26 Adequacy of Disclosure .......................................... 29 5-27 Minimum Excess Availability ..................................... 29 5-28 No Material Adverse Change ...................................... 29 5-29 Securities Accounts ............................................. 29 5-30 Disclosure Updates .............................................. 29 5-31 Brokerage Commissions ........................................... 30 5-32
