Stock and Dividends Sample Clauses

Stock and Dividends. Redeem, retire, purchase or otherwise acquire, directly or indirectly, any Stock of any Borrower or other evidence of ownership interest, or declare or pay dividends or distributions upon any Stock of any Borrower (other than dividends payable solely in the form of capital stock) or make any distribution of any Borrower's property or assets.
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Stock and Dividends. (i) Redeem, retire, purchase or otherwise acquire, directly or indirectly, any Stock of Borrower or other evidence of ownership interest, or declare or pay dividends upon any Stock of Borrower or make any distribution of Borrower's property or assets, except for (a) if no Event of Default exists or would result therefrom, dividend payments on common and preferred stock issued prior to the date hereof or concurrent with the consummation of the Transactions in accordance with Borrower's Certificate or Articles of Incorporation, (b) redemptions of Stock from retiring employees, or (c) redemptions of Stock from former employees or their estates in connection with Borrower's Employee Stock Ownership Plan or other employee benefit plans.
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Stock and Dividends. Redeem, retire, purchase or ------------------- otherwise acquire, directly or indirectly, any common capital stock of any Borrower or other evidence of ownership interest, or declare or pay dividends upon any common capital stock of any Borrower or make any distribution of Borrowers' property or assets to any stockholders except Ethex and PDI may declare and pay dividends to K-V. Notwithstanding the foregoing, if no Event of Default has occurred and is continuing, K-V may pay dividends or make distributions up to an amount not to exceed twenty-five percent (25%) of K-V's prior fiscal year's consolidated net income, determined in accordance with GAAP, in any one fiscal year.
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Stock and Dividends. Q: What is the proposed capital structure for the combined Bank? How does this differ from the current capital structure for each of the individual Banks?
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Stock and Dividends. Redeem, retire, purchase or otherwise acquire, directly or indirectly, any Stock of Borrower or any Stock of any Subsidiary or other evidence of ownership interest, or declare or pay dividends or distributions upon any Stock of Borrower or make any distribution of Borrower's property or assets.
Sample 1
Stock and Dividends. (i) Redeem, retire, purchase or otherwise acquire, directly or indirectly, any Stock of Borrower or other evidence of ownership interest, or declare or pay dividends upon any Stock of Borrower or make any distribution of Borrower's property or assets, except for (a) if no Event of Default exists or would result therefrom, dividend payments on common and preferred stock issued prior to the date hereof or concurrent with the consummation of the Transactions in accordance with Borrower's Certificate or Articles of Incorporation, including, without limitation, the Borrower's 9% Non-Cumulative Perpetual Preferred Stock, Series A, (b) redemptions of Stock from retiring employees, or (c) redemptions of Stock from former employees or their estates in connection with Borrower's Employee Stock Ownership Plan or other employee benefit plans.
Sample 1
Stock and Dividends. Borrower shall not (i) apply any ------------------- property or assets to the purchase, retirement or redemption of any shares of its capital stock; or (ii) declare or pay cash dividends on any shares of its capital stock or make any other distributions in respect of its capital stock (other than dividends or distributions payable solely in shares of its capital stock or distributions under its Shareholders Rights Plan), if at the time of such action and after giving effect thereto:
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Stock and Dividends 
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Related to Stock and Dividends

  • Stock Splits and Dividends If after the date hereof the Company shall subdivide the Preferred Stock, by split-up or otherwise, or combine the Preferred Stock, or issue additional shares of Preferred Stock in payment of a stock dividend on the Preferred Stock, the number of shares of Preferred Stock issuable on the exercise of this Warrant shall forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately decreased in the case of a combination, and the Purchase Price shall forthwith be proportionately decreased in the case of a subdivision or stock dividend, or proportionately increased in the case of a combination.

  • Stock Dividends and Distributions In case the Company shall pay a dividend in, or make a distribution of, shares of Common Stock or of the Company's capital stock convertible into Common Stock, the Exercise Price shall forthwith be proportionately decreased. An adjustment made pursuant to this Section 8.2 shall be made as of the record date for the subject stock dividend or distribution.

  • Voting Rights and Dividends In addition to the Pledgee's rights and remedies set forth in Section 8 hereof, in case an Event of Default shall have occurred and be continuing, beyond any applicable cure period, the Pledgee shall (i) be entitled to vote the Collateral, (ii) be entitled to give consents, waivers and ratifications in respect of the Collateral (each Pledgor hereby irrevocably constituting and appointing the Pledgee, with full power of substitution, the proxy and attorney-in-fact of each Pledgor for such purposes) and (iii) be entitled to collect and receive for its own use cash dividends paid on the Collateral. No Pledgor shall be permitted to exercise or refrain from exercising any voting rights or other powers if, in the reasonable judgment of the Pledgee, such action would have a material adverse effect on the value of the Collateral or any part thereof; and, provided, further, that each Pledgor shall give at least five (5) days' written notice of the manner in which such Pledgor intends to exercise, or the reasons for refraining from exercising, any voting rights or other powers other than with respect to any election of directors and voting with respect to any incidental matters. Following the occurrence of an Event of Default, all dividends and all other distributions in respect of any of the Collateral, shall be delivered to the Pledgee to hold as Collateral and shall, if received by any Pledgor, be received in trust for the benefit of the Pledgee, be segregated from the other property or funds of any other Pledgor, and be forthwith delivered to the Pledgee as Collateral in the same form as so received (with any necessary endorsement).

  • Voting and Dividend Rights No Participant shall have any voting or dividend rights of a stockholder with respect to any Plan Shares covered by a Plan Share Award, except as expressly provided in Sections 7.02 and 7.04 above, prior to the time said Plan Shares are actually distributed to such Participant.

  • Voting and Dividends The Participant will have the right to vote the shares of Restricted Stock awarded hereunder. Any cash dividends declared on the non-vested Restricted Stock (and any earnings thereon) shall be immediately distributed to the Participant.

  • Other Dividends and Distributions Subject to the provisions of this Section 7(c), if Company shall, at any time or from time to time after the Issue Date, make or declare, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or any other distribution payable in securities of Company (other than a dividend or distribution of shares of Common Stock, Options or Convertible Securities in respect of outstanding shares of Common Stock), cash or other property, then, and in each such event, provision shall be made so that the Holder shall receive upon exercise of the Warrant, in addition to the number of Warrant Shares receivable thereupon, the kind and amount of securities of Company, cash or other property which the Holder would have been entitled to receive had the Warrant been exercised in full into Warrant Shares on the date of such event and had the Holder thereafter, during the period from the date of such event to and including the Exercise Date (as hereinafter defined), retained such securities, cash or other property receivable by them as aforesaid during such period, giving application to all adjustments called for during such period under this Section 7 with respect to the rights of the Holder; provided, that no such provision shall be made if the Holder receives, simultaneously with the distribution to the holders of Common Stock, a dividend or other distribution of such securities, cash or other property in an amount equal to the amount of such securities, cash or other property as the Holder would have received if the Warrant had been exercised in full into Warrant Shares on the date of such event.

  • Certain Dividends and Distributions If the Issuer, at any time while this Warrant is outstanding, shall:

  • Dividends and Distribution (A) Subject to the prior and superior rights of the holders of any shares of any class or series of stock of the Corporation ranking prior and superior to the shares of Series A Junior Participating Preferred Stock with respect to dividends, the holders of shares of Series A Junior Participating Preferred Stock, in preference to the holders of shares of any class or series of stock of the Corporation ranking junior to the Series A Junior Participating Preferred Stock in respect thereof, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the last day of March, June, September and December, in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Junior Participating Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $10 or (b) the Adjustment Number (as defined below) times the aggregate per share amount of all cash dividends, and the Adjustment Number times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock, par value $.01 per share, of the Corporation (the "Common Stock") since the immediately preceding Quarterly Dividend Payment Date, or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Junior Participating Preferred Stock. The "

  • Stockholder Rights and Dividend Equivalents (a) The holder of this Award shall not have any stockholder rights, including voting or dividend rights, with respect to the Shares subject to the Award until Participant becomes the record holder of those Shares following their actual issuance upon the Corporation’s collection of the applicable Withholding Taxes.

  • Dividends and Distributions (A) Subject to the rights of the holders of any shares of any series of Preferred Stock (or any similar stock) ranking prior and superior to the Series A Preferred Stock with respect to dividends, the holders of shares of Series A Preferred Stock, in preference to the holders of Common Stock, par value $.01 per share (the "Common Stock"), of the Corporation, and of any other junior stock, shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in cash on the first day of March, June, September and December in each year (each such date being referred to herein as a "Quarterly Dividend Payment Date"), commencing on the first Quarterly Dividend Payment Date after the first issuance of a share or fraction of a share of Series A Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $1 or (b) subject to the provision for adjustment hereinafter set forth, 100 times the aggregate per share amount of all cash dividends, and 100 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series A Preferred Stock. In the event the Corporation shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series A Preferred Stock were entitled immediately prior to such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

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