Payment of Dividends. The Borrower shall not pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, under Applicable Law and accounting principles in its jurisdiction of incorporation it is entitled to distribute as dividends or such other distribution and no Event of Default has occurred and is continuing.
Appears in 7 contracts
Samples: Agreement, Credit Agreement (Seaspan CORP), Agreement (Seaspan CORP)
Payment of Dividends. The Borrower No Obligor shall not pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, (a) under Applicable Law and accounting principles in its jurisdiction of incorporation incorporation, it is entitled to distribute as pay such dividends or make such other distribution distribution, and (b) no Event of Default has occurred and is continuing.
Appears in 6 contracts
Samples: Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.)
Payment of Dividends. The Borrower No Obligor shall not pay any dividends or make any other distributions (whether by loan or otherwise) to shareholders unless, (a) under Applicable Law and accounting principles in its jurisdiction of incorporation incorporation, it is entitled to distribute as pay such dividends or make such other distribution distribution, and (b) no Default or Event of Default has occurred and is continuing.
Appears in 2 contracts
Samples: Note Purchase Agreement (Atlas Corp.), Note Purchase Agreement (Atlas Corp.)
