Dividends and Payments. The Company may not:
Dividends and Payments. Neither the Company, the Guarantor nor CMI shall declare or pay on, or make any distribution to the holders of any shares of capital stock of the Company, the Guarantor or CMI of any class, or purchase, redeem or otherwise acquire for consideration any shares of capital stock of the Company, the Guarantor or CMI of any class; provided, however, that nothing contained in this Section 9.18 shall be construed to prevent any payments expressly permitted under Section 9.17 hereof.
Dividends and Payments. 2. (a) FSG shall not declare or pay any dividends without the prior written approval of the Reserve Bank and the Director of the Division of Banking Supervision and Regulation of the Board of Governors.
Dividends and Payments. The Personal Guarantor shall not be entitled to receive any dividends, distributions, stock splits, options, warrants, phantom stock or other form of remuneration paid to, on account of or on behalf of an owner or holder of the Pledged Shares (collectively "Distributions"), without the prior written consent of the Lender. If, following Lender's written consent, Distributions are paid to the Personal Guarantor, upon an Event of Default all subsequent Distributions during a continuing Event of Default shall be paid to Lender, and Borrower shall agree to pay to Lender all Distributions during a continuing Event of Default. If Distributions are to be paid to Lender and the Personal Guarantor receives a Distribution, prior to or following an Event of Default, the Personal Guarantor shall segregate such Distribution and not commingle it with his other assets, hold such Distribution in trust for the benefit of Lender and immediately transfer and turnover such Distribution to Lender.
Dividends and Payments. (a) The Company shall not, and shall not suffer or permit any of its Subsidiaries to, declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any shares of any class of its capital stock, or purchase, redeem, or otherwise acquire for value any shares of its capital stock or any warrants, rights or options to acquire such shares, now or hereafter outstanding, except that the Company may:
Dividends and Payments. Neither the Borrower nor PHI shall declare or pay on, or make any distribution to the stockholders of the Borrower or PHI, in their capacity as such stockholders, or purchase, redeem or otherwise acquire for consideration any shares of capital stock of the Borrower or PHI of any class, except for distributions (“Tax Distributions”) required to be made by the Borrower or PHI pursuant to the provisions of the Tax Sharing Agreement; provided, however, that, (i) neither Borrower nor PHI shall make any such Tax Distributions during the Fiscal Year ending December 31, 2002 and (ii) nothing contained in this Section 7.17 shall be construed to prevent any payments expressly permitted under Section 7.16 hereof.
Dividends and Payments. 33 7.19 ISSUANCE OF CAPITAL STOCK.......................................33 7.20 PROHIBITION OF CHANGE IN FISCAL YEAR............................34 7.21 AMENDMENT TO OTHER DOCUMENTS....................................34 7.22 MANAGEMENT......................................................34 7.23 PLEDGE RIGHTS NOT A "CHANGE"....................................34
Dividends and Payments. Neither the Company nor the Guarantor shall declare or pay on, or make any distribution to the holders of any shares of capital stock of the Company or the Guarantor of any class, or purchase, redeem or otherwise acquire for consideration any shares of capital stock of the Company or the Guarantor of any class; provided, however, that nothing contained in this Section 7.18 shall be construed to prevent any payments expressly permitted under Section 7.17 hereof.
Dividends and Payments. 77 7.08 Use of Proceeds..............................................................77 7.09
Dividends and Payments. (a) The Borrower shall not, and shall not suffer or permit any of its Subsidiaries to, declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any shares of any class of its capital stock, or purchase, redeem, or otherwise acquire for value any shares of its capital stock or any warrants, rights or options to acquire such shares, now or hereafter outstanding, except that the Borrower may:
