Directors may determine when dividend payable Sample Clauses

Directors may determine when dividend payable. Any dividend declared by the directors may be made payable on such date as is fixed by the directors.
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Directors may determine when dividend payable. 16.3 Any dividend declared by the directors may be made payable on such date as is fixed by the directors. DIVIDENDS TO BE PAID IN ACCORDANCE WITH NUMBER OF SHARES

Related to Directors may determine when dividend payable

  • Common Stock Dividends If the Company at any time while this Warrant is outstanding and unexpired shall pay a dividend with respect to Common Stock payable in Shares, or make any other distribution with respect to Common Stock in Shares, then the Exercise Price shall be adjusted, from and after the date of determination of the shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Exercise Price in effect immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of Shares outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the total number of Shares outstanding immediately after such dividend or distribution. This paragraph shall apply only if and to the extent that, at the time of such event, this Warrant is then exercisable for Common Stock.

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