Common use of No Dividends; No Redemption Clause in Contracts

No Dividends; No Redemption. Declare any dividend, pay or set aside for payment any dividend or other distribution, in cash, stock, or other property, or make any payment to any related parties, including to any preferred stockholders, as a dividend, redemption, or otherwise, other than the payment of salaries in the ordinary course of business.

Appears in 11 contracts

Samples: Armada Water Assets Inc, Uni-Pixel, Armada Water Assets Inc

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No Dividends; No Redemption. Declare any dividend, pay or set aside for payment any dividend or other distribution, in cash, stock, or other property, or make any payment to any related parties, including to any preferred stockholders, as a dividend, redemption, or otherwise, other than the payment of salaries in the ordinary course of business.;

Appears in 2 contracts

Samples: Maverick Oil & Gas, Inc., AFG Enterprises USA, Inc.

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