Common use of Coordination of Dividends Clause in Contracts

Coordination of Dividends. Each of the Company and Parent shall coordinate with the other the declaration and payment of dividends in respect of the Company Common Stock and the Parent Common Stock and the record dates and the payment dates relating thereto, it being the intention of the Company and Parent that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or shares of Parent Common Stock any such holder receives in exchange therefor pursuant to the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Rohm & Haas Co), Agreement and Plan of Merger (Rohm & Haas Co), Agreement and Plan of Merger (Morton Acquisition Corp)

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Coordination of Dividends. Each After the date of this Agreement, Parent and the Company and Parent shall will coordinate with the each other regarding the declaration and payment of dividends in respect of the Company Common Stock Parent Ordinary Shares and the Parent Company Common Stock and the record dates and the payment dates relating thereto, it being the intention of the Company and Parent parties that holders of Parent Ordinary Shares and shares of Company Common Stock shall will not receive two dividends, or fail to receive one dividendno dividends, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or shares of the Parent Common Stock Ordinary Shares any such holder receives in exchange therefor pursuant to in the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Ace LTD), Agreement and Plan of Merger (Capital Re Corp), Agreement and Plan of Merger (Capital Re Corp)

Coordination of Dividends. Each From the date of this Agreement until the Effective Time, Parent and the Company and Parent shall coordinate with each other regarding the other the timing of declaration and payment of cash dividends in respect of the Company shares of Parent Common Stock and the Parent Company Common Stock and the record dates and the payment dates relating theretothereto in accordance with the Section 5.19 of Company Disclosure Letter, it being subject to the intention approval of the board of directors of Parent and the Company and Parent that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or shares of Parent Common Stock any such holder receives in exchange therefor pursuant to the Mergerits dividends.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pinnacle Foods Inc.), Agreement and Plan of Merger (Hillshire Brands Co)

Coordination of Dividends. Each of Parent and the Company and Parent shall will coordinate with the other regarding the declaration and payment of dividends in respect of the Company Common Stock and the Parent Common Stock and the Shares and the record dates and the payment dates relating thereto, it being the intention of Parent and the Company and Parent that holders any holder of Company Common Stock shall Shares will not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock its Shares and/or shares of any Parent Common Stock any such holder receives in exchange therefor pursuant to the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Dynamics Corp of America), Amended and Restated Agreement and Plan of Merger (CTS Corp)

Coordination of Dividends. Each After the date of this Agreement each of Parent and the Company and Parent shall coordinate with the other the declaration and payment of any dividends in respect of the Company Common Stock and the Parent Common Stock and the record dates and the payment payments dates relating thereto, it being the intention of the Company and Parent parties that the holders of Company Common Stock shall may (to the extent allowed by law and declared) receive one, but not receive two dividendsmore than one, or fail to receive one dividend, dividend for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or and any shares of Parent Common Stock any such holder of Company Common Stock receives in exchange therefor pursuant to in the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Merchants Capital Corp /MS/), Agreement and Plan of Merger (Bancorpsouth Inc)

Coordination of Dividends. Each After the date of this Agreement, Parent and the Company and Parent shall will coordinate with the each other regarding the declaration and payment of dividends in respect of the Company Common Stock Parent Ordinary Shares and the Parent Company Common Stock and the record dates and the payment dates relating thereto, it being the intention of the Company and Parent parties that holders of Parent Ordinary Shares and shares of Company Common Stock shall will not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or shares of the Parent Common Stock Ordinary Shares any such holder receives in exchange therefor pursuant to in the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Nac Re Corp), Agreement and Plan of Merger (Exel LTD)

Coordination of Dividends. Each From the date of this Agreement until the Effective Time, Parent and the Company and Parent shall coordinate with the each other regarding the declaration and payment of dividends in respect of the Company shares of Parent Common Stock and the Parent Company Common Stock and the record dates and the payment dates relating thereto, it being the intention of Parent and the Company and that no holder of Parent that holders of Common Stock or Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or its shares of Parent Common Stock any such holder receives or Company Common Stock (including Parent Common Stock issued in exchange therefor pursuant to connection with the Merger), as the case may be.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Exelon Corp), Agreement and Plan of Merger (Constellation Energy Group Inc)

Coordination of Dividends. Each After the date of this Agreement each of Parent and the Company and Parent shall coordinate with the other the declaration and payment of any dividends in respect of the Company Parent Common Stock and the Parent Company Common Stock and the record dates and the payment payments dates relating thereto, it being the intention of the Company and Parent parties that the holders of Parent Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Parent Common Stock and/or Company Common Stock and/or and any shares of Parent Common Stock any such holder of Company Common Stock receives in exchange therefor pursuant to in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Deposit Guaranty Corp)

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Coordination of Dividends. Each After the date of this Agreement each of Parent and the Company and Parent shall coordinate with the other the declaration and payment of any dividends in respect of the Company Parent Common Stock and the Parent Company Common Stock and the record dates and the payment payments dates relating thereto, it being the intention of the Company and Parent parties that the holders of Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or and any shares of Parent Common Stock any such holder of Company Common Stock receives in exchange therefor pursuant to in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mercantile Bankshares Corp)

Coordination of Dividends. Each After the date of this Agreement each of Parent and the Company and Parent shall coordinate with the other the declaration and payment of any dividends in respect of the Company Parent Common Stock and the Parent Company Common Stock and the record dates and the payment payments dates relating thereto, it being the intention of the Company and Parent parties that the holders of Parent Common Stock or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Parent Common Stock and/or Company Common Stock and/or and any shares of Parent Common Stock any such holder of Company Common Stock receives in exchange therefor pursuant to in the Merger.. 7.11

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Palm Beach Bancorp Inc)

Coordination of Dividends. Each After the date of this Agreement, the Company and Parent shall coordinate with the other the declaration and payment of any dividends in respect of the Company Common Stock and the Parent Common Stock Shares and the record dates and the payment dates relating theretothereto with that of Parent Common Shares, it being the intention of the Company and Parent parties that the holders of Parent Common Shares or Company Common Stock shall not receive two dividendsmore than one dividend, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their Parent Common Shares and/or shares of Company Common Stock and/or shares of and any Parent Common Shares any holder of Company Common Stock any such holder receives in exchange therefor pursuant to therefore in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Summit Properties Inc)

Coordination of Dividends. Each of the Company and Parent shall coordinate with the other regarding the declaration and payment of dividends in respect of the Company Common Stock and the Parent Common Stock and the record dates and the payment dates relating thereto, it being the intention of the Company and Parent that holders except as contemplated by Section 5.01(b)(ii)(B)(w), any holder of Company Common Stock or Parent Common Stock, as the case may be, shall not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of such holder's Company Common Stock and/or shares of or Parent Common Stock any such holder receives in exchange therefor pursuant to the MergerStock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Anthracite Capital Inc)

Coordination of Dividends. Each of the Company and Parent shall coordinate with the other the declaration and payment of dividends in respect of the Company Common Stock and the Parent Common Stock and the record dates and the payment dates relating thereto, it being the intention of the Company and Parent that holders of Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single 44 40 calendar quarter with respect to their shares of Company Common Stock and/or shares of Parent Common Stock any such holder receives in exchange therefor pursuant to the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Morton International Inc /In/)

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