This question was closed without grading. Reason: Answer found elsewhere
Jul 10, 2017 00:37
7 yrs ago
11 viewers *
English term
Argentina
Certified Translator of English
Native in: Spanish (Variants: Rioplatense, Mexican, US, Latin American, Standard-Spain, Argentine) 
Works in: English to Spanish, Portuguese to Spanish, Spanish to English
declare of pay (any dividend or make any other distribution)
English to Spanish
Law/Patents
Law: Contract(s)
No estoy segura del "declare oof pay"
CONTEXTO:
The Company shall not without first obtaining Investor Consent:
declare of pay any dividend or make any other distribution (by way of capitalisation, repayment or in any other manner) out of its distributable profits or any of it reserves
CONTEXTO:
The Company shall not without first obtaining Investor Consent:
declare of pay any dividend or make any other distribution (by way of capitalisation, repayment or in any other manner) out of its distributable profits or any of it reserves
Discussion
https://www.lawinsider.com/clause/negative-covenants/dividen...
Dividends and Distributions. In the case of the Company, declare or pay, directly or indirectly, any dividend or make any other distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof, with respect to any shares of its capital stock or directly or indirectly redeem, purchase, retire or otherwise acquire for value any shares of any class of its capital stock or set aside any amount for any such purpose; provided, however, that the Company may effect the Stock Split.