Common use of Distribution of Cash Dividends Clause in Contracts

Distribution of Cash Dividends. (a) The Trustee shall distribute directly any cash dividends or distributions declared and paid on the Trust Shares (other than dividends or distributions made in the form of voting securities of the Company) to the holders of Trustee's Certificates in proportion to their respective interests therein as shown on the books of the Trustee, such distribution to be equivalent to the dividends or distribution which each respective holder would have been entitled to receive had the Shares not been deposited hereunder.

Appears in 4 contracts

Samples: Voting Trust Agreement (Ryan Michael P), Stock Purchase and Option Agreement (Ryan Michael P), Voting Trust Agreement (Ryan Michael P)

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