Common use of DIVIDENDS, STOCK PAYMENTS Clause in Contracts

DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued, or purchase, redeem or retire any of such stock, other than redemptions of stock of departed employees.

Appears in 1 contract

Samples: Security and Loan Agreement (Virage Inc)

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DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock of Borrower) or make any other distribution on any of its capital stock now outstanding or hereafter issued, or purchase, redeem or retire any of such stock, other than redemptions of stock of departed employees.

Appears in 1 contract

Samples: Security and Loan Agreement (Ipl Systems Inc)

DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock of BorrowerBorrower and Preferred Stock dividends to ING Equity Partners) or make any other distribution on of any of its capital stock now outstanding or hereafter issued, issued or purchase, redeem or retire any of such stock, other than redemptions of stock of departed employees.

Appears in 1 contract

Samples: Security and Loan Agreement (Alpha Microsystems)

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DIVIDENDS, STOCK PAYMENTS. Declare or pay any dividend (other than dividends payable in common stock stocks of BorrowerBorrowers) or make any other distribution on any of its their capital stock now outstanding or hereafter issued, or purchase, redeem or retire any of such stock, other than redemptions of stock of departed employees.

Appears in 1 contract

Samples: Security and Loan Agreement (Keith Companies Inc)

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