Extraordinary Transactions, etc. Except as set forth in Section 5.5.2 of the Disclosure Letter, neither the Company nor any of its Subsidiaries has (a) declared any dividend or other distribution on any shares of its capital stock, (b) made any payment (other than compensation of its directors, officers and employees at rates in effect prior to the Balance Sheet Date or for bonuses accrued in accordance with normal practice prior to the Balance Sheet Date) to any of its Affiliates, (c) increased the compensation, including bonuses and benefits, payable or to be payable to any of its directors, officers, employees or Affiliates by more than 10%, or (d) entered into any Contractual Obligation, or entered into or performed any other transaction, not in the ordinary and usual course of business and consistent with past practice, other than as specifically contemplated by this Agreement.
Appears in 1 contract
Sources: Securities Purchase Agreement (Digital Commerce Corp)
Extraordinary Transactions, etc. Except as set forth in Section 5.5.2 of ------------------------------- the Disclosure LetterExhibits hereto, neither the Company nor any of its Subsidiaries has (a) declared any dividend or other distribution on any shares of its capital stock, (b) made any payment (other than compensation of its directors, officers and employees at rates in effect prior to the Balance Sheet Date or for bonuses accrued in accordance with normal practice prior to the Balance Sheet Date) to any of its Affiliates, (c) increased the compensationCompensation, including bonuses and benefitsbonuses, payable or to be payable to any of its directors, officers, employees or Affiliates by more than 10%, or (d) entered into any Contractual Obligation, or entered into or performed any other transaction, not in the ordinary and usual course of business and consistent with past practice, other than as specifically contemplated by this Agreement.
Appears in 1 contract
Sources: Securities Purchase Agreement (Physician Health Corp)