Stockholder Distributions. No dividends or distributions were declared and/or paid to the Stockholder (whether in cash or other assets) after December 31, 1998 through the date hereof (the "1999 Period").
Stockholder Distributions. In the event that the Seller receives a Stockholder Distribution after the date hereof and on or prior to the Closing Date, the Seller shall promptly notify Buyer Parties in writing of the date and amount of such Stockholder Distribution.
Stockholder Distributions. No dividends or other payments of profits, surplus, or reserves of Borrower have been declared to the stockholders of Borrower nor are at the date hereof due and payable, declared, or provided for by Borrower or in any other manner presently existing obligations of Borrower.
Stockholder Distributions. The Borrowers shall not make any Stockholder Distributions unless both before and after giving effect thereto the Borrowers remain in compliance with the Financial Covenants set forth in Section 6(r) hereof.
Stockholder Distributions. HSI has not, since June 30, 1999, and shall not, from June 30, 1999 through the Closing, (a) declare, set aside or pay any dividend or other distribution, whether payable in cash, stock or other property, in respect of its capital stock, (b) directly or indirectly redeem, purchase or otherwise acquire any shares of its capital stock or other securities or shares of capital stock or other securities of any of its subsidiaries, or (c) pay any principal or interest on any debts owed by HIS to Seller.
Stockholder Distributions. The aggregate of all dividends and ------------------------- distributions declared and/or paid to the Stockholder (whether in cash or other assets) after December 31, 1995 through the date hereof (the "1996 Period"), when stated as a percentage of the Company's EBIT (as hereinafter defined) for the 1996 Period, does not exceed the aggregate
Stockholder Distributions. 5 Section 1.8 Lock-Up Agreement..........................................5
Stockholder Distributions. Notwithstanding anything to the contrary herein, the Company shall (a) continue to accrue earnings in the ordinary course of business up to the Closing Date and (b) distribute all cash and other assets equal to the amount by which Tangible Stockholders’ Equity, calculated as of the Closing Date and after taking into account the payment of Third Party Expenses and amounts owed to participants under the BVF/CSNK Acquisition Corp. Management Retention Plan, exceeds the Balance Sheet Target (the “Closing Date Stockholder Distributions”) to the Stockholders according to each Stockholder’s Pro Rata Percentage.
Stockholder Distributions. M2 has not, since August 31, 2000, (a) declared, set aside or paid any dividend or other distribution, whether payable in cash, stock or other property, in respect of its capital stock or (b) directly or indirectly redeemed, purchased or otherwise acquired any shares of its capital stock or other securities.
Stockholder Distributions. M2 shall not, from the date hereof through the Closing, (a) declare, set aside or pay any dividend or other distribution, whether payable in cash, stock or other property, in respect of its capital stock or (b) directly or indirectly redeem, purchase or otherwise acquire any shares of its capital stock or other securities.
