Common use of Computation of Accumulated Regular Dividends Clause in Contracts

Computation of Accumulated Regular Dividends. Accumulated Regular Dividends will be computed on the basis of a 360-day year comprised of twelve 30-day months. Regular Dividends on each share of Convertible Preferred Stock will accrue on the Liquidation Preference of such share as of immediately before the Close of Business on the preceding Regular Dividend Payment Date (or, if there is no preceding Regular Dividend Payment Date, on the Initial Liquidation Preference of such share).

Appears in 4 contracts

Samples: Investment Agreement (Rhythm Pharmaceuticals, Inc.), Subscription Agreement (Dream Finders Homes, Inc.), Business Combination Agreement (Isos Acquisition Corp.)

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Computation of Accumulated Regular Dividends. Accumulated Regular Dividends will be computed on the basis of a 360-day year comprised of twelve 30-day months. For each day on which Regular Dividends accumulate on each any share of Convertible Exchangeable Preferred Stock Stock, such Regular Dividends will accrue accumulate on the Liquidation Preference of such share as of immediately before after the Close of Business on the preceding Regular Dividend Payment Date (or, if there is no preceding Regular Dividend Payment Date, on the Initial Liquidation Preference of such share)day.

Appears in 1 contract

Samples: Investment Agreement (Shenandoah Telecommunications Co/Va/)

Computation of Accumulated Regular Dividends. Accumulated Regular Dividends will be computed on the basis of a 360-day year comprised of twelve 30-day months. Regular Dividends on each share of Convertible Preferred Stock will accrue on the Liquidation Preference of such share as of immediately before the Close of Business on the preceding Regular Dividend Payment Date (or, if there is no preceding in the case of the first Regular Dividend Payment DateDividend, on the Initial Liquidation Preference of such share).

Appears in 1 contract

Samples: Merger Agreement (M3-Brigade Acquisition II Corp.)

Computation of Accumulated Regular Dividends. Accumulated Regular Dividends will be computed on the basis of a 360-360- day year comprised of twelve 30-day months. Regular Dividends on each share of Convertible Preferred Stock will accrue on the Liquidation Preference of such share as of immediately before the Close of Business on the preceding Regular Dividend Payment Date (or, if there is no preceding Regular Dividend Payment Date, on the Initial Liquidation Preference of such share).

Appears in 1 contract

Samples: Exchange Agreement (Comtech Telecommunications Corp /De/)

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Computation of Accumulated Regular Dividends. Accumulated Regular Dividends will be computed on the basis of a 360-day year comprised of twelve 30-day months. Regular Dividends on each share of Convertible Preferred Stock will accrue on the Liquidation Preference of such share as of immediately before the Close of Business on the preceding Regular Dividend Payment Date (or, if there is no preceding Regular Dividend Payment Date, on the Initial Liquidation Preference Issue Date of such share).

Appears in 1 contract

Samples: Securities Purchase Agreement (Cryoport, Inc.)

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