Common use of Investments; Distributions Clause in Contracts

Investments; Distributions. Directly or indirectly acquire or own any Person, or make any Investments in any Person, other than investments permitted in writing by Secured Party, or permit any of its Subsidiaries to do so; or (b) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock (except for dividends payable solely in stock of Grantor).

Appears in 4 contracts

Samples: Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc), Security Agreement (Ibasis Inc)

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Investments; Distributions. Directly or indirectly acquire or own any Person, or make any Investments in any PersonInvestment, other than investments permitted in writing by Secured PartyPermitted Investments, or permit any of its Subsidiaries to do so; or (b) pay . Pay any dividends or make any distribution or payment (whether by cash or securities) or redeem, retire or purchase any capital stock (except for dividends payable solely in pursuant to employee stock of Grantor)repurchase agreements.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)

Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investments Investment in any Person, other than investments permitted in writing by Secured PartyPermitted Investments, or permit any of its Subsidiaries to do so; or (bii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock; except with respect to the repurchase of stock (except for dividends payable solely in pursuant to an employee stock of Grantor)option plan or severance agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Hotjobs Com LTD)

Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investments Investment in any Person, other than investments permitted in writing by Secured PartyPermitted Investments, or permit any of its Subsidiaries to do so; or (bii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock stock; or (except for dividends payable solely iii) make any loans or other extension of credit, other than trade accounts created in stock the ordinary course of Grantor)business and in customary amounts consistent with Borrower's past practices, or permit any of its Subsidiaries to do so.

Appears in 1 contract

Samples: Loan Agreement (Advanced Energy Industries Inc)

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Investments; Distributions. (i) Directly or indirectly acquire or own any Person, or make any Investments Investment in any Person, other than investments permitted in writing by Secured PartyBank or consistent with Debtor's current board approved investment policy, or permit any of its Subsidiaries to do so; or (bii) pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock (except for dividends payable solely in stock of GrantorDebtor).

Appears in 1 contract

Samples: Security Agreement (Aspen Technology Inc /De/)

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