Common use of Prohibition on Dividends Clause in Contracts

Prohibition on Dividends. Not declare or pay any dividend on shares of its capital stock or make any other distribution of assets to the holders thereof;

Appears in 12 contracts

Samples: Combination Agreement (Pioneer Natural Resources Co), Agreement and Plan of Reorganization (Metamor Worldwide Inc), Plan and Agreement of Merger (Iteq Inc)

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Prohibition on Dividends. Not declare or pay any dividend on shares of its capital stock or make any other distribution of assets in respect of any shares of capital stock to the holders thereof;

Appears in 2 contracts

Samples: Plan and Agreement (Gundle SLT Environmental Inc), Plan and Agreement of Merger (Gundle SLT Environmental Inc)

Prohibition on Dividends. Not declare or pay any dividend on shares of its capital stock or make any other non-cash distribution of assets to the holders thereof;

Appears in 2 contracts

Samples: Asset Purchase Agreement (U S Industrial Services Inc), Asset Purchase Agreement (U S Industrial Services Inc)

Prohibition on Dividends. Not declare or pay any dividend which is payable after Closing on shares of its capital stock or make any other non-cash distribution of assets to the holders thereof;; and

Appears in 2 contracts

Samples: Stock Purchase Agreement (Iteq Inc), Stock Purchase Agreement (Allwaste Inc)

Prohibition on Dividends. Not declare or pay any dividend on shares of its capital stock or make any other distribution of assets to the holders thereof;, and

Appears in 1 contract

Samples: Plan and Agreement of Merger (Striker Industries Inc)

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Prohibition on Dividends. Not Except as otherwise provided herein, not declare or pay any dividend on shares of its capital stock or make any other non-cash distribution of assets to the holders thereof;

Appears in 1 contract

Samples: Asset Purchase Agreement (Key Energy Group Inc)

Prohibition on Dividends. Not declare or pay any dividend on shares of its capital stock or make any other distribution of assets to the holders thereof;.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Sun Sportswear Inc)

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