Common use of Dividends, Redemptions, Etc Clause in Contracts

Dividends, Redemptions, Etc. Neither the Company nor any of its Subsidiaries shall (i) pay any dividends or make any distributions on its equity securities; (ii) purchase, redeem, retire, defease or otherwise acquire for value any of its equity securities; (iii) return any capital to any holder of its equity securities; (iv) make any distribution of assets, equity securities, obligations or securities to any holder of its equity securities in its capacity as such; or (v) set apart any sum for any such purpose; provided, however, that the Company and its Subsidiaries may make Permitted Distributions.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement (Unigene Laboratories Inc), Subordination Agreement (Unigene Laboratories Inc), Subordination Agreement (Unigene Laboratories Inc)

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Dividends, Redemptions, Etc. Neither the Company nor any of its Subsidiaries shall (i) pay any dividends or make any distributions on its equity securitiesEquity Securities; (ii) purchase, redeem, retire, defease or otherwise acquire for value any of its equity securitiesEquity Securities; (iii) return any capital to any holder of its equity securitiesEquity Securities; (iv) make any distribution of assets, equity securitiesEquity Securities, obligations or securities to any holder of its equity securities in its capacity as suchEquity Securities; or (v) set apart any sum for any such purpose; provided, however, that the Company and its Subsidiaries any Subsidiary may make Permitted Distributionspay dividends to Company.

Appears in 1 contract

Samples: Note and Stock Purchase Agreement (Horizon Organic Holding Corp)

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