Payments to Shareholders. The Purchaser covenants and agrees to the Cash Earn-Out to the extent it may be earned under the provisions of Section 1.3 by distributing and paying the same in accordance with Section 1.5.
Payments to Shareholders. Part 2.15(a) and Part 2.25 of the Disclosure Schedule together contain a complete and accurate description of all payments or distributions of any character made by any of the Companies to any of the Shareholders (or any other shareholder of any of the Companies) since December 31, 1999. 2.26
Payments to Shareholders. Effective immediately, all dividends, distributions and other payments to shareholders, present or future, whether by way of stock redemption or deferred compensation, principal or interest, shall cease in their entirety with the exception of the Ordinary Course Payments to Xxxxxxxx.
Payments to Shareholders. 23.1 Within ninety days of the conclusion of each fiscal year of the Corporation, the Directors shall make a determination of the funds to be paid out to the Shareholders with respect to the fiscal year then ended. Such determination shall be based upon the financial statements of the Corporation for the fiscal year ended and upon the operating and capital budgets for the following fiscal year.
Payments to Shareholders. The Company may not without the express prior consent of the Majority Holders:
Payments to Shareholders. (a) The Issuer shall not directly or indirectly (i) purchase any New Trading Hold Co Bonds, or (ii) lend, repay or otherwise advance or distribute to Trading Hold Co, any amounts (in cash or in kind) (including for the purpose of paying regularly scheduled interest or capitalised interest) unless permitted under clauses (b) or (c) of this Condition 11.8.
Payments to Shareholders. Any payment required to be made by Buyer to the Shareholders under this Agreement shall be paid (a) 50% to Xxxxxxxxx by wire transfer of immediately available funds to a bank account in the United States specified by Xxxxxxxxx in writing to Buyer prior to payment and (b) 50% to Xxxxxxx by wire transfer of immediately available funds to a bank account in the United States specified by Xxxxxxx in writing to Buyer prior to payment.
Payments to Shareholders. There have been no cash or other payments ------------------------ or distribution or transfers of property of Company made, directly or indirectly, to CIC except reimbursement of expenses and as expressly described on the Schedule.
Payments to Shareholders. Other than as specifically provided for in this Agreement, any payments or other distributions made by the Corporation to the Shareholders shall require the prior approval of the Board of Directors.
Payments to Shareholders. Effective immediately, all dividends, distributions and other payments to shareholders, present or future, whether by way of stock redemption or deferred compensation, principal or interest, shall cease in their entirety, except for those payments specifically permitted by this Agreement.
