Covenants of the Company Clause Example from Business Contracts

This example Covenants of the Company clause appears in 8 contracts from 6 companies

Covenants of the Company. a. So long as the Company shall have any obligations under this Note, the Company shall not without the Holder's prior written consent pay, declare or set apart for such payment any dividend or other distribution (whether in cash, property, or other securities) on shares of capital stock solely in the form of additional shares of Common Stock b. So long as the Company shall have any obligations under this Note, the Company shall not without the Holder's prior written consent sell, lease, or othe...rwise dispose of a significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned upon a specified use of the proceeds thereof. View More
MPHASE TECHNOLOGIES INC Contracts

Form of Note (Filed With SEC on June 22, 2020)