Payment of Dividends. No Obligor shall pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, (a) under Applicable Law and accounting principles in its jurisdiction of incorporation, it is entitled to pay such dividends or make such other distribution, and (b) no Default has occurred and is continuing.
Appears in 6 contracts
Samples: Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.), Credit Agreement (Seaspan CORP)
Payment of Dividends. No Obligor The Borrower shall not pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, (a) under Applicable Law and accounting principles in its jurisdiction of incorporation, incorporation it is entitled to pay such distribute as dividends or make such other distribution, distribution and (b) no Event of Default has occurred and is continuing.
Appears in 6 contracts
Samples: Agreement (Seaspan CORP), Credit Agreement (Seaspan CORP), Agreement (Seaspan CORP)
Payment of Dividends. No Obligor shall pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, (a) under Applicable Law and accounting principles in its jurisdiction of incorporation, it is entitled to pay such dividends or make such other distribution, and (b) no Default or Event of Default has occurred and is continuing.
Appears in 2 contracts
Samples: Note Purchase Agreement (Atlas Corp.), Note Purchase Agreement (Atlas Corp.)
