Common use of Covenant of the Company Clause in Contracts

Covenant of the Company. SECTION 6.01. The Company will not declare or pay any dividend on, or purchase, acquire or make a distribution or liquidation payment with respect to, any of its capital stock, or make any guarantee payments with respect thereto, if at such time (i) there shall have occurred and be continuing any Event of Default under the Indenture or (ii) the Company shall have given notice of its selection of an Extended Interest Payment Period and such period, or any extension thereof, shall be continuing.

Appears in 13 contracts

Samples: Indenture (Columbus Southern Power Co /Oh/), Indenture (Indiana Michigan Power Co), Indenture (Ohio Power Co)

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