Stock Redemption. PHI will not purchase, retire or redeem any shares of its capital stock (other than pursuant to executive or employee compensation plans) without the prior written consent of Bank.
Appears in 4 contracts
Samples: Loan Agreement (Phi Inc), Loan Agreement (Phi Inc), Loan Agreement (Petroleum Helicopters Inc)
Stock Redemption. PHI will not purchase, retire or redeem any shares of its capital stock (other than pursuant to executive or employee compensation plans) without the prior written consent of Bank, provided PHI will be allowed to purchase, retire or redeem capital stock from its employees in an aggregate amount not to exceed $25,000,000.00.
Appears in 1 contract
Samples: Loan Agreement (Phi Inc)
Stock Redemption. PHI will not purchase, retire or redeem any shares of its capital stock (other than pursuant to executive or employee compensation plans) without the prior written consent of BankLender, provided PHI will be allowed to purchase, retire or redeem capital stock from its employees in an aggregate amount not to exceed $25,000,000.00.
Appears in 1 contract
Samples: Loan Agreement (Phi Inc)
