Common use of Cumulative Cash Dividends Clause in Contracts

Cumulative Cash Dividends. The Holders of shares of Municipal Preferred of any series shall be entitled to receive, when, as and if declared by the Board of Trustees, out of funds legally available therefor in accordance with the Declaration, these By-Laws and applicable law, cumulative cash dividends at the Applicable Rate for shares of such series, determined as set forth in subparagraph (e) of this paragraph 2, and no more (except to the extent set forth in paragraph 3 of Part I of this Section 12.1), payable on the Dividend Payment Dates with respect to shares of such series determined pursuant to subparagraph (d) of this paragraph 2. Holders of shares of Municipal Preferred shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative dividends, as herein provided, on shares of Municipal Preferred. No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on shares of Municipal Preferred which may be in arrears, and, except to the extent set forth in subparagraph (e)(i) of this paragraph 2, no additional sum of money shall be payable in respect of any such arrearage.

Cumulative Cash Dividends. The Holders of shares of Municipal Preferred of any series of Preferred Shares shall be entitled to receive, when, as and if declared by the Board of Trustees, out of funds legally available therefor in accordance with the Declaration, these By-Laws Declaration of Trust and applicable law, cumulative cash dividends at the Applicable Rate for shares of such series, determined as set forth in subparagraph (eparagraph 2(e) of this paragraph 2Part I, and no more (except to the extent set forth in paragraph 3 of this Part I of this Section 12.1I), payable on the Dividend Payment Dates with respect to shares of such series determined pursuant to subparagraph (dparagraph 2(d) of this paragraph 2. Part I. Holders of shares of Municipal Preferred Shares shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative dividends, as herein provided, on shares of Municipal PreferredPreferred Shares. No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on shares of Municipal Preferred Shares which may be in arrears, and, except to the extent set forth in subparagraph (e)(iparagraph 2(e)(i) of this paragraph 2Part I, no additional sum of money shall be payable in respect of any such arrearage.

Cumulative Cash Dividends. The Holders of shares of Municipal Preferred MuniPreferred of any series shall be entitled to receive, when, as and if declared by the Board of Trustees, out of funds legally available therefor in accordance with the Declaration, these By-Laws Declaration and applicable law, cumulative cash dividends at the Applicable Rate for shares of such series, determined as set forth in subparagraph paragraph (e) of this paragraph Section 2, and no more (except to the extent set forth in paragraph Section 3 of this Part I of this Section 12.1I), payable on the Dividend Payment Dates with respect to shares of such series determined pursuant to subparagraph paragraph (d) of this paragraph Section 2. Holders of shares of Municipal Preferred MuniPreferred shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative dividends, as herein provided, on shares of Municipal PreferredMuniPreferred. No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on shares of Municipal Preferred MuniPreferred which may be in arrears, and, except to the extent set forth in subparagraph (e)(i) of this paragraph Section 2, no additional sum of money shall be payable in respect of any such arrearage.

Cumulative Cash Dividends. The Holders of shares of Municipal Preferred of any series of Preferred Shares shall be entitled to receive, when, as and if declared by the Board of TrusteesDirectors or by any Person or Persons designated by the Board of Directors, out of funds legally available therefor in accordance with the Declaration, these By-Laws Operating Agreement and applicable law, cumulative cash dividends at the Applicable Rate for shares of such series, determined as set forth in subparagraph (eSection 2(e) of this paragraph 2, and no more (except to the extent set forth in paragraph 3 of Part I of this Section 12.1)Statement, and no more, payable on the Dividend Payment Dates with respect to shares of such series determined pursuant to subparagraph (dSection 2(d) of Part I of this paragraph 2Statement. Holders of shares of Municipal Preferred Shares shall not be entitled to any dividend, whether payable in cash, property or shares, in excess of full cumulative dividendsdividends and any Late Charges, as herein provided, on shares of Municipal PreferredPreferred Shares. No interest, or sum of money in lieu of interest, shall be payable in respect of any dividend payment or payments on shares of Municipal Preferred Shares which may be in arrears, and, except to the extent set forth in subparagraph (e)(iSection 2(e)(2) of Part I of this paragraph 2Statement, no additional sum of money shall be payable in respect of any such arrearage. Accumulated dividends (whether or not declared) paid by the Credit Enhancer shall not be payable by the Fund.