Common use of Organic Changes Clause in Contracts

Organic Changes. The Shareholder shall not permit the --------------- Company to (a) amend its Articles of Incorporation or Bylaws (or equivalent documents), (b) acquire by merging or consolidating with, or agreeing to merge or consolidate with, or purchase substantially all of the stock or assets of, or otherwise acquire any business or any corporation, partnership, association or other business organization or division thereof, (c) enter into any partnership or joint venture, (d) declare, set aside, make or pay any dividend or other distribution in respect of its capital stock, other than in the Ordinary Course (provided that any dividends paid by the Company to the Shareholder shall not exceed $15,000.00 per month), or purchase or redeem, directly or indirectly, any shares of its capital stock, (e) issue or sell or agree to issue or sell any shares of its capital stock of any class or any options, warrants, conversion or other rights to purchase any such shares or any securities convertible into or exchangeable for such shares, or (f) liquidate or dissolve or obligate itself to do so.

Organic Changes. The Shareholder shall not permit the --------------- Company to (a) amend its Articles of Incorporation or Bylaws (or equivalent documents), (b) acquire by merging or consolidating with, or agreeing to merge or consolidate with, or purchase substantially all of the stock or assets of, or otherwise acquire any business or any corporation, partnership, association or other business organization or division thereof, (c) enter into any partnership or joint venture, (d) declare, set aside, make or pay any dividend or other distribution in respect of its capital stock, other than in the Ordinary Course (provided that any dividends paid by the Company to the Shareholder shall not exceed $15,000.00 per month), or purchase or redeem, directly or indirectly, any shares of its capital stock, (e) issue or sell or agree to issue or sell any shares of its capital stock of any class or any options, warrants, conversion or other rights to purchase any such shares or any securities convertible into or exchangeable for such shares, or (f) liquidate or dissolve or obligate itself to do so.