Common use of DIVIDENDS, DISTRIBUTIONS Clause in Contracts

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum amount of $200,000.00 in any fiscal year.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except that Borrower is permitted may during the term of this Agreement make stock repurchases in an aggregate amount not to repurchase common stock up to a maximum amount of exceed $200,000.00 in any fiscal year2,000,000.00. SECTION 5.8.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstandinghereafter; provided however, except Borrower is permitted to may repurchase common stock up to any such shares of stock, in a maximum aggregate amount of $200,000.00 in any fiscal year2,000,000.00."

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted stock repurchase pursuant to Borrower's stock repurchase common stock plan announced on or about May 28, 1998 and August of 2000, up to a maximum amount of $200,000.00 in any fiscal year10,000,000.00.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted for stock repurchases after the Closing Date in an amount not to repurchase common stock up to a maximum amount of exceed Twenty Million Dollars ($200,000.00 in any fiscal year20,000,000).

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase not to exceed the amount of $2,500,000.00 per year or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum amount of $200,000.00 in any fiscal year.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's ’s stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's ’s stock now or hereafter outstanding, except Borrower is permitted stock repurchase pursuant to Borrower’s stock repurchase common stock plan announced on or about May 28, 1998 and August of 2000, up to a maximum amount of $200,000.00 in any fiscal year.12,500,000.00”

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum amount for $250,000.00 during the life of $200,000.00 in any fiscal yearthis Agreement.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except the Borrower is permitted may use up to $10.0 million of its funds to repurchase common stock up to a maximum amount or otherwise acquire shares of $200,000.00 in any fiscal yearclass of the Borrower's stock.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's ’s stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's ’s stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum amount outstanding in excess of an aggregate of Six Hundred Thousand Dollars ($200,000.00 600,000.00) in any fiscal year.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's ’s stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's ’s stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum where the aggregate amount of $200,000.00 such dividend, distribution, repurchase or redemption in any fiscal year is in excess of forty-five percent (45%) of Borrower’s consolidated net income for said fiscal year.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except that Borrower is permitted may repurchase shares of any class of Borrower's stock in an amount not to repurchase common stock up to a maximum amount of exceed $200,000.00 in any fiscal year4,000,000.00.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's ’s stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's ’s stock now or hereafter outstanding, except that Borrower is permitted may repurchase shares of any class of Borrower’s stock in an amount not to repurchase common stock up to a maximum amount of exceed $200,000.00 in any fiscal year4,000,000.00.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding, except Borrower is permitted to repurchase common stock up to a maximum amount outstanding in excess of an aggregate of One Million Five Hundred Thousand Dollars ($200,000.00 1,500,000.00) in any fiscal year.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's stock now or hereafter outstanding; provided, except however, Borrower is permitted to may repurchase its common stock up for a purchase price not to a maximum amount exceed $100,000.00 in the aggregate during any given year, so long as no other term or provision of $200,000.00 in this Agreement would be violated after giving effect to any fiscal yearsuch repurchase.

DIVIDENDS, DISTRIBUTIONS. Declare or pay any dividend or distribution either in cash, stock or any other property on Borrower's ’s stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any class of Borrower's Borrowers stock now or hereafter outstanding, except repurchases of stock pursuant to the terms of incentive equity compensation arrangements with employees, directors or consultants of Borrower is permitted in an aggregate amount not to repurchase common stock up to a maximum amount of exceed $200,000.00 75,000 in any fiscal year.