Common use of Declaration and Payment of Dividends Clause in Contracts

Declaration and Payment of Dividends. The parties hereto agree to cause the Board of Directors to declare on a quarterly basis, subject to their fiduciary duties and the provisions of the General Corporation Law of the State of Delaware (the "GCL"), and Holdings to pay on a quarterly basis, subject to the provisions of the GCL, dividends on the Preferred Stock in accordance with Holdings' Certificate of Incorporation.

Declaration and Payment of Dividends. The parties hereto agree to cause the Board of Directors to declare on a quarterly basis, subject to their fiduciary duties and the provisions of the General Corporation Law of the State of Delaware (the "GCL"), and Prime Holdings to pay on a quarterly basis, subject to the provisions of the GCL, dividends on the Preferred Stock in accordance with Holdings' Certificate of Incorporationthe Amended Charter.